Closed sales, median sales prices rose YoY for single-family, up 5.8% and 4.9% ($429.9K) and for condo-townhouse units, up 1.9% and 3.1% ($335K).
The days of frantic multiple offers are in the rearview mirror, and buyers are doing more due diligence. However, there are things you can do to help avoid buyer’s remorse and sometimes legal action.
A swing in mortgage interest rates can translate into hundreds more per month and affect loan approvals. Use our graphic to help clients understand rate changes.
The association advocates for members, challenging an appeals court ruling that would allow the Justice Department to unilaterally withdraw from its agreement.
Developers completed 39% more new rental homes in 2023 than in 2022. High prices and rates are keeping owners on the sidelines.
House Bill 621 allows property owners to take further action against unauthorized people on their property.
The bill, which was a 2024 Florida Realtors legislative priority, also includes changes to the Live Local Act. Hometown Heroes Housing Program funding begins July 1.
Some owners in older condo buildings are putting their units on the market after receiving six-figure special assessments following the Surfside collapse.
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.
Investors, who account for 19% of homes sold in Q1, have come off the sidelines faster than individual buyers, Redfin said.
