The average rate on a 30-year mortgage fell to 6.87% from 6.89% last week, but rates on 15-year mortgages rose to 6.09% from 6.05%, Freddie Mac said.
The movement is not just about moving to a smaller space; it’s about embracing a lifestyle that prioritizes simplicity, reduced financial burdens and peace of mind.
Florida set a new tourism record in 2024, driven by domestic travel. International visits remain below pre-pandemic levels, though Canadian and overseas travel increased.
Nationwide, the typical home that sold sat on the market for 56 days — the longest of any January since 2020.
NAR explains escrow, earnest money and their role in real estate transactions in its newest Consumer Guide. View all of the guides at facts.Realtor.
Many believe a 20% down payment is needed to buy a home, but lower down payments are possible with options like FHA and VA loans, although PMI may apply.
Florida's population is growing, with strong tourism, jobs and housing demand, experts said. Expect more repeat buyers and a strong rental market.
Florida has become a stronghold for all-cash deals, driven by retirees, investors and competitive buyers in some of the state’s busiest real estate markets.
The bill, now in early stages, would require the Florida DEP to notify the public 30 days before a hearing on development plans or updates within a state park.
Before purchasing investment property to rent, understand how financing works, the best way to manage tenants and the legalities behind the commitment.
