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According to the latest Realtor.com® Hottest Real Estate Markets report, several cities in the South have dropped precipitously in popularity. To determine a market’s popularity or “hotness,” researchers examine both market demand as measured by unique views per property on Realtor.com, plus the number of days a listing remains active before getting snapped up by buyers.

Buying points — also referred to as “discount points” or “buying down the rate” — involves paying extra to your lender at closing to reduce the interest rate on a mortgage. That reduced rate results in smaller monthly payments and long-term interest savings over the life of the loan.

According to a report from Clever Real Estate, the average real estate commission rate in the U.S. is 5.32%, which is split between the listing agent (2.74%) and the buyer’s agent (2.58%). The website also shared that closing costs on a home for a buyer are about 3% to 5% of the sale price, with the average expenses

Mortgage-rate locks for second homes dropped 13% in August — more than twice the drop observed among primary homes, according to Redfin Corp. and Optimal Blue LLC.

Ah, Florida. It’s on the vision board for many retirees. What could be better than kicking back on a warm beach while the sun beats down on you and your margarita? 

New Q&A article featuring expert insights on Real Estate Brokers: What Advice Would You Give to Someone New to Property Management?

From Hedge Funds to Flat-Fee Brokerage Models and Building a Future-Proof Real Estate Business