New residents continue to flock to southwest Florida, as Lee County prepares to hit the one million mark by 2030. Local leaders are looking for solutions.
New mortgage applications increased by 3.7% from the previous week, the Mortgage Bankers Association said.
The number of U.S. homeowners in forbearance plans dropped in December to 115,000 from 130,000 the previous month, the Mortgage Bankers Association said.
2024 RE Trends panel: Helping new retirees and relocating workers find affordable housing while feeling a sense of belonging and community is vital to Fla.’s future.
In 2024, buyers will be looking for homes with AI-driven tech, large windows and EV charging stations, among other amenities.
Communities are being designated as “blue zones” to suggest they promote healthier living and longevity. Some 80 U.S. locales are part of the Blue Zone Project initiative.
“Overall, we expect 2024 to be a better year than 2023 for homebuyer affordability and the mortgage industry,” Fannie Mae’s chief economist said.
Florida Realtors chief economist: Watch for the market to reignite over the next several months. “We have weathered the worst of it.”
Fla. Realtors chief economist: “Florida weathered the storm” of higher interest rates and ongoing inflation making 2023, a “rough year for residential real estate.”
NAR’s chief economist said December sales “look to be the bottom before inevitably turning higher in the new year” on lower mortgage rates and increasing inventory.
