FloridaRealtors
- Average 30-Year Mortgage Rate Falls to 6.09% 09/19/2024The average long-term rate fell to 6.09% from 6.20% last week and 7.19% a year ago, Freddie Mac said. Borrowing costs on 15-year fixed-rate mortgages fell to 5.15%.amyc
- NAR: Existing-Home Sales Dipped 2.5% in August 09/19/2024The inventory of unsold existing homes improved by 0.7% from the previous month to 1.35 million at the end of August, or the equivalent of 4.2 months’ supply.amyc
- Fla.’s Aug. Housing: New Listings Up, Prices Ease 09/19/2024New listings, inventory levels up YoY for both single-family homes and condo-townhouses. Single-family median price eased 0.8% YoY, condo-townhouse median down 4.3%.amyc
- Hometown Heroes: 2024 Funds Depleted, 6K+ Helped 09/19/2024Less than two months after receiving $100 million from the state Legislature, Floridians have reserved all available Hometown Heroes Housing program funds.amyc
- Redfin: Housing Payments Post 4-Year Decline 09/19/2024Monthly housing payments are down nearly $300 from April’s all-time high, but pending sales are still lagging. The Fed rate cut on Wednesday could help.amyc
- Fed Makes Aggressive Half Point Cut 09/18/2024The unusually large interest rate cut suggests the economy is rebounding. The cut will continue to impact mortgage rates, which have declined in the past weeks.amyc
- Surfside Report Won’t Be Released Until 2026 09/18/2024One investigator in the 2021 Champlain Towers South condo collapse said it is “one of the most complex building failure investigations ever undertaken.”amyc
- Rising Builder Sentiment Breaks 4-Month Decline 09/18/2024Builder confidence improved for the first time since May thanks to declining interest rates, but construction costs are holding back some enthusiasm.amyc
- Good News for Buyers: Housing Supply Increasing 09/18/2024New listings rose 1.6% month over month in August to the highest seasonally adjusted level in nearly two years and climbed 2.1% from a year earlier.amyc
- Single-Family Starts Up in August 09/18/2024The National Association of Home Builders expects new home building will increase in the coming months as construction loan rates decrease.amyc