Today, buyers are likely to be more discerning and less willing to pay as much of a premium for a home with a pool than during the pandemic.
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New home mortgage applications rose 5.3% nationwide in April 2025 from last year, hitting the highest level since 2012, signaling stronger new home sales.
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Single-family new construction fell 2.1% in April on high mortgage rates, tariffs and costs, while overall starts rose 1.6% on multifamily growth.
Moderating borrowing costs, along with a rise in for sale signs, appear to be luring prospective buyers off the sidelines nationally, NAR said.
The Florida House voted to extend the session through June 30. The Senate has not yet voted, as budget discussions between chambers are still ongoing.
Voice technology is emerging as a powerful tool by reinforcing the role of real estate professionals with smarter support.
Buyers with moderate incomes can afford only a small share of listings, with slight gains in affordability, a NAR survey found.
