Home prices rose 3.8% in November 2024, up from 3.6% in October. Experts predict a slowdown in 2025 as mortgage rates rise. Tampa saw a 0.4% decline.
In last of our three-part series, Florida Realtors takes a deep dive into the future of Florida’s housing market and the impact of wealth.
A Florida Realtors' three-part series shows how Florida’s newest residents, mostly working-age adults, drove up median home prices in some regions.
In this first of a three-part series, Florida Realtors explores migration trends that drove up Florida’s median home prices over 50% from 2020 to 2022.
Today's rates are far from record highs, which peaked at 18.63% in October 1981. Agents are overwhelmingly optimistic about the 2025 market.
Do your sellers have questions about the process? NAR’s latest Consumer Guide provides straightforward and helpful answers.
Homes are taking longer to sell largely because housing costs are so expensive and there’s a limited supply, Redfin said. It’s the slowest pace in 5 years.
All four U.S. regions saw month-over-month transaction losses, NAR’s chief economist said. High mortgage rates haven’t reduced demand, thanks to more cash deals.
Mangrove Property Insurance marks the 11th insurer entering the market since the legislative changes. Florida has more than 7.55 million residential policies.
The rate on 30-year mortgages fell to 6.95% from 6.96% last week, Freddie Mac said. Rates on 15-year mortgages fell to 6.12% from 6.16% last week.
