One investigator in the 2021 Champlain Towers South condo collapse said it is “one of the most complex building failure investigations ever undertaken.”
Analysts say many borrowers are waiting for affordability to improve and mortgage rates to decline. They anticipate rates will average 5.7% by late 2025.
Florida leads in affordable new home construction, with smaller, lower-priced builds driving down costs and addressing the housing shortage.
New listings, inventory levels up YoY for both single-family homes and condo-townhouses. Single-family median price eased 0.8% YoY, condo-townhouse median down 4.3%.
The average long-term rate fell to 6.09% from 6.20% last week and 7.19% a year ago, Freddie Mac said. Borrowing costs on 15-year fixed-rate mortgages fell to 5.15%.
Less than two months after receiving $100 million from the state Legislature, Floridians have reserved all available Hometown Heroes Housing program funds.
The inventory of unsold existing homes improved by 0.7% from the previous month to 1.35 million at the end of August, or the equivalent of 4.2 months’ supply.
Monthly housing payments are down nearly $300 from April’s all-time high, but pending sales are still lagging. The Fed rate cut on Wednesday could help.
Today’s webinar will cover the new flood disclosure and condo laws that take effect on Oct. 1, and Florida Realtors’ new and updated forms regarding these changes.
Celebrity home stagers and designers say mirrors and layered lighting are among the tricks that can make all the difference in your listings.
