The average rate on a 30-year mortgage in the U.S. rose this week to its highest level since late November, reflecting a recent uptick in the bond yields that lenders use as a guide to price home loans.The rate rose to 6.72% from 6.6% last week, mortgage buyer Freddie Mac said Thursday. The rate is now higher than it was a year ago, when it averaged 6.67%.Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners seeking to refinanc
The Federal Reserve cut its key interest rate Wednesday by a quarter-point — its third cut this year — but also signaled that it expects to reduce rates more slowly next year than it previously envisioned, mostly because of still-elevated inflation.The Fed’s 19 policymakers projected that they will cut their benchmark rate by a quarter-point just twice in 2025, down from their estimate in September of four rate cuts. Their new projections
Whether it’s a customizable light show in the backyard or a stylish clean-air system for the living room, this list has you covered.As the holiday season approaches, it's the perfect time to consider gifts that enhance the comfort, security and efficiency of homes. These three qualities resonate deeply with real estate professionals and their clients. The following curated selection of smart home devices offers innovative solutions to elevate a
The industry has long postponed recognition of falling property values. The bill is coming due. Plus: a Seussian glossary.In the dark days of 2022, when rising interest rates turned commercial real estate into a credit desert, the industry’s perpetual optimists found a rallying cry. Just survive until ’25, they told themselves. By then, inflation would be whipped, money would be cheaper, and demand would again tilt in their favor. But the wi
New safety guidelines for condominiums in Florida are causing significant disruptions in the real estate market.These changes, implemented in response to the 2021 Surfside condominium collapse that claimed 98 lives, have led to steep assessments for some communities and an increase in the number of condos listed for sale as owners seek to avoid costly maintenance fees.In 2022, Florida lawmakers unanimously passed legislation aimed at enhancing sa
Between signing and close, a homebuyer may choose to have a new home inspected to make sure it is in good condition and safe for a new owner. Here’s what buyers and sellers should know:What is a home inspection? A home inspection is an assessment of a home’s condition in which an inspector identifies potential problems in a home’s structure, exterior, roof, plumbing, electrical systems, heating and air conditioning, interiors, ventila
This year marks a major milestone. 12 years of creating communities, empowering dreams, and delivering on our promise of "A Better Way of Living!" Reflecting on our journey, we’ve grown together, forged lasting relationships, and helped families, investors, and businesses realize their real estate aspirations.From our humble beginnings to a respected name in the industry, every success story that we’ve contributed to over the past 12 years is
iPro was founded on the idea of building a better living with champion real estate services. We focus on incorporating and mastering the latest technologies and perform all types of real estate transactions. Our team of professionals set a stronger standard of business and give superior results.REALTORS: Grow your real estate business, save time and build your wealth. 24/7 World-Class Support, Free Client Leads, Custom Website, Low Fees, and more
A recent Nareit commentary examined occupancy rate momentum across the four traditional property types and found that property fundamentals have generally been soft or softening across these sectors. Rent growth rates also highlight property market fundamentals. A review of these metrics and their respective momentum measures reveals similar outcomes to the occupancy rate analysis: year-over-year rent growth rates have broadly been modest or mo
Buying a home is one of the largest personal and financial decisions you can make. For many buyers, the process includes finding a loan that will help you pay for your new home over time. An iPro agent can help you learn about your options. Here’s what else you need to know:What is a mortgage, and how do I get one? A mortgage is a loan offered by a bank or lender that lets you borrow money to purchase a home and repay over time with inte
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