Americans age 70+ now hold the largest share of housing wealth, reflecting years of price growth and leaving some younger buyers facing higher barriers to entry.
New home sales fell 17.6% in January nationally, but the South saw a 4.1% yearly gain. Builders are using incentives to offset affordability pressures.
The average 30-year rate rose to 6.22% from 6.11%, while 15-year rates edged up to 5.54%, as inflation concerns pushed borrowing costs higher.
Higher mortgage rates are pushing some buyers toward ARMs for lower upfront costs, but future rate changes could raise payments if rates don’t fall.
Borrowing costs are edging higher as inflation fears tied to rising oil prices grow, which could slow buyer demand and sideline refinancing.
Florida sellers could see higher prices and quicker sales by listing in early to mid-April. Here’s why timing your listing could make a difference this spring.
National pending home sales rose 1.8%, with Florida metros like Jacksonville and Miami posting strong gains, signaling steady demand and more closings ahead.
Homebuyers who purchase earlier gain more equity over time, leading to a $119K net worth gap by age 50 compared to those who wait.
Consistent outreach, visibility and collaboration can help maintain referral networks, turning introductions into a steady stream of borrowers.
Florida Realtors chief economist: For the sixth straight month, closed sales rose for both single-family homes, up 3.9%, and condo-townhouses, up 8.6%.
