Florida Realtors News

Last year, 522 U.S. towns/cities had an average home price of $1M or more, but 58 of those have seen average prices drop below $1M, including four in Fla.

A major bank failure has scared investors. It’s unclear if things will get worse, but financial stress could lower mortgage rates and push the Fed to reconsider rate increases.

Today’s homebuyers’ monthly mortgage payments are almost 30% higher than year-ago buyers due to higher mortgage rates.

One year ago, mortgage rates started their rise, and people scrambled to buy homes. That means stats comparing March 2023 to March 2022 won’t make a lot of sense.

In a heated political era, no one can predict what the final 2024 U.S. budget will look like, but the White House’s initial proposal boosts a number of housing programs.

A Michigan city claims six chickens can’t qualify as emotional-support animals, but a federal judge said “maybe” – and that only a jury can decide.

Job reports, hourly earnings and price data suggest inflation may be slowing even as bank troubles stir recession fears. But a bond-price drop could help lower mortgage rates.

If homeowners with an FHA loan default, they may still be able to keep the house through a mortgage modification, which now includes a 40-year option.

In an open letter to the housing industry, HUD Sec. Fudge asks members to nix things like application fees, though she also hints at possible legislative changes.

In 4Q 2022, builders found a “persistent shift in buyer preferences to live outside of densely populated areas” with the share of new urban homes dropping to 44.5%.