A Florida Realtors’ three-part series shows how Florida’s newest residents, mostly working-age adults, drove up median home prices in some regions. ORLANDO, Fla. — Between 2020 and 2022, Florida saw a surge of new residents who drove up median home prices over 50% in some areas. These younger, wealthier professionals relocated for remote work opportunities, tax … Read more
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. 2025 as mortgage rates rise. Tampa saw a 0.4% decline. WASHINGTON – In November 2024, the S&P CoreLogic Case-Shiller National Home Price Index found that home prices increased … Read more
In its fifth season, the docuseries follows rookie home shoppers as they navigate complex transactions with the help of agents who are Realtors. CHICAGO — Buying a home isn’t easy — especially if you’ve never done it before. In fact, past surveys have shown that home buyers say purchasing a home is more stressful than … Read more
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. WASHINGTON — The average rate on a 30-year mortgage in the U.S. eased for the second week in a row, but remains just below 7%, little relief for prospective … Read more
The Fed will keep its federal funds rate target at 4.25% to 4.50% to promote maximum employment and maintain 2% inflation over the long term. WASHINGTON — After cutting interest rates for three straight meetings, the Federal Reserve on Wednesday announced its widely expected decision to leave interest rates unchanged following its first monetary policy … Read more
U.S. home prices rose 4.2% year-over-year, but growth is slowing due to high mortgage rates, according to the FHFA House Price Index. WASHINGTON — U.S. house prices rose 0.3% in November, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI). House prices rose 4.2% from November 2023 to November … Read more
Mortgage rates will close 2025 and 2026 at 6.5% and 6.3%, respectively, up from the previous forecast of 6.2% and 6.0%. WASHINGTON – The recent jump in the 10-year Treasury yield and the resulting rise in mortgage rates are expected to continue to weigh on existing home sales in the near future, likely keeping them … Read more
Home sales in the final months of the year showed solid recovery despite elevated mortgage rates, NAR’s chief economist said. WASHINGTON – Existing-home sales climbed in December, according to the National Association of Realtors®. Sales advanced in three major U.S. regions and slipped in the Midwest. Year-over-year, sales accelerated in all four regions. On an … Read more
When renters find unwanted items, they should ask the landlord to remove them, document communications and keep photos in case of disputes. FORT LAUDERDALE, Fla. – Question: My son is leasing a small condo. The lease includes “a sofa, TV, TV stand, table, 2 chairs, bed and mattress”. He did not want the mattress, and … Read more
Mortgage rates are near 7%, not the expected sub-6%. Rates could fall if the gap between mortgage bonds and Treasury yields narrows. Fed rate cuts may boost demand. NEW YORK – The benchmark national average 30-year, fixed-rate mortgage is close to 7%, nowhere near the expected sub-6% predicted in early fall 2024. The rise is … Read more
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