Florida Realtors News
News Archive
Officials are urging patience as rate increases slowly decline due to increased competition with new insurers entering the market.
Nearly 50% of luxury homes purchased from December to February were all-cash sales because wealthy buyers have more financial flexibility.
NAR’s Pending Home Sales Index increased to 78.2 in March. Existing-home sales are forecast to rise by 9% in 2024 to 4.46 million
Properties typically remained on the market for 33 days in March, down from 38 days in February but up from 29 days in March 2023.
The My Safe Florida Home home-hardening grant program will be expanded to include condos. It was a Florida Realtors’ priority for the 2024 legislative session.
Some preventative measures against ransomware attacks include offsite backups, security training, frequent system updates and firewalls.
The average rate on a 30-year mortgage rose to 7.17% from 7.1% last week. Costs on 15-year fixed-rate mortgages rose this week to 6.44% from 6.39%.