NAHB: In 4Q 2024, a family earning the nation’s median income of $97,800 needed 38% of its income to cover the mortgage payment on a median-priced new home.
AI is being used in all aspects of real estate, from staging and valuations to appraisals and fraud detection, promising billions in value for the industry.
Overall housing starts decreased 9.8% in January, which is 1.8% lower than a year ago. Multifamily decreased 13.5%.
Redfin reports 3.7 months of supply in January, the most in six years. Florida ranks high for buyers, with six of the top 10 metros for inventory.
Healthy homes are designed and constructed to improve indoor air quality, reduce allergens and be more energy efficient.
Foreclosures rose 8% in January but dropped 7% from last year. REOs increased in 30 states. Foreclosure starts rose 8% from December but fell 4% from last year.
The Florida DBPR launched a website to clarify condo law changes with educational resources, FAQs and other important information.
Florida led the nation in cash home sales in 2024, with West Palm Beach topping the list. However, the share fell across major Florida metros.
NAHB said builder sentiment fell to the lowest in five months due to concerns over tariffs, mortgage rates and housing costs.
In shared ownership, one person can finance to buy the other out or sell the home and split the equity. A legal case is costly so it’s best to reach an agreement.
