Pending sales and home tours stay strong despite rising mortgage rates, but investors are remaining cautious.
Florida tourism leaders plan a campaign to promote resilience and showcase unaffected areas post-Hurricanes Helene and Milton.
An economist says rent control worsens housing affordability in the long run. The best way to make rentals more affordable is to build more units.
Rates on 30-year mortgages rose to 6.54% from 6.44% last week, Freddie Mac said. Borrowing costs on 15-year fixed-rate mortgages rose to 5.71% from 5.63%.
Wealthy buyers are continuing to invest in Florida's luxury home market. Data from Douglas Elliman shows price increases and higher sales volumes in Q3 2024.
Almost half of mortgaged homeowners remain equity-rich, according to ATTOM. The portion of owners seriously underwater still close to five-year low.
To ensure you make the best decision, conducting thorough research on three key aspects: the neighborhood, the property’s condition and the landlord’s credibility.
Popular destinations in the state are welcoming visitors and seasonal residents while recovery efforts from Hurricanes Milton and Helene are ongoing.
With mortgage rates dipping, owners can explore lowering payments or using home equity. Experts advise weighing costs, future plans and consulting a financial pro.
Existing-home sales fell nationally 1.0% in September to a seasonally adjusted annual rate of 3.84 million. In the South, existing-home sales decreased 1.7%.
