National home sales ticked up in July, led by steady month-over-month growth in the South, Northeast and West. Inventory reached its highest since 2020.
Juana Watkins reminds members that even if a form looks familiar, be sure to review the contract, line by line, to make sure something isn’t missed, changed or added by the other side.
Most Q2 visitors were domestic, though overseas travel to Florida rose 11.4% year over year, according to state data.
Mortgage applications jumped by 6.8% YoY in July and 7% from June, driven by slightly lower mortgage rates and more newly built inventory.
Eligible first-time buyers can receive up to $35K for down payments and closing costs through the Hometown Heroes Housing program, a Florida Realtors' priority.
Housing starts increased 5.2% in July but affordability remains a challenge. Combined single- and multifamily starts fell 2.4% in the South YTD.
Small businesses in eight Florida counties can apply for SBA low-interest loans until Sept. 15 to cover economic losses from Hurricane Milton.
Consumers are no longer bracing for the worst-case scenario for the economy but continue to expect rising inflation and unemployment, the University of Michigan said.
U.S. housing shows early signs of stabilization as affordability may improve slightly in 2025, an economist said. The market is gradually balancing.
Starting September, lenders will phase in a standardized, data-driven appraisal format. Agents should prepare for clearer, more consistent reports.
