Buyers have a wider selection of homes to choose from today than a year ago, but rising mortgage rates remain a hurdle for many.
Tampa and Jacksonville saw rents surge more than three times quicker than wages in the past four years, according to Zillow.
The pace of housing starts was 17.7% higher than a year ago, but still insufficient to meet the demand, experts say. Higher rates have stymied homebuilding.
Remodeling projects can be chaotic, so proper planning and communication is essential to finishing on-time and within budget. Have reasonable expectations.
The average 30-year rate fell to 7.02% from 7.09% last week. Borrowing costs on a 15-year mortgage fell to 6.28% from 6.38% last week.
The NAHB found that 25% of builders cut home prices to bolster sales in May. Overall, builder confidence posted its first decline since November 2023.
Insurance agents say one of the biggest mistakes homeowners make on their insurance is opting for a higher deductible. Hurricane season starts June 1.
