It’s a slight gain, but NAR’s chief economist says pending sales “remain at historically low levels.” Year-over-year, pending transactions were down 11%.
The economy more than doubled from its 2Q growth rate of 2.1% – but inflation also dropped to 2.4%. Some economists think 3Q is the high water mark before a slowdown.
The average for a 30-year, fixed-rate loan moved higher for the seventh week in a row. Last week it averaged 7.63%; a year ago, it was 7.08%.
The state’s “insurer of last resort” is a last resort for fewer Floridians. Recent depopulation efforts have reduced its coverage count by almost 100K policies.
The My Safe Florida Home program has more applications than funding, but the Legislature may consider more money during a recently scheduled special session.
It’s okay to include a floor plan in a listing, ruled a federal judge. He said it's “fair use” and doesn’t infringe on architectural-design copyright laws.
A Texas hotspot (Austin) lost residents for the first time, while Orlando, North Port-Sarasota, Tampa, Cape Coral and Miami made the top 10 for incoming residents.
With too-few existing homes listed for sale, more homebuyers opted for new construction, which saw sales rise 12.3% month-to-month and 33.9% year-to-year.
The U.S. consumer agency is accepting comments on a proposed rule that would allow individuals to control their personal information and decide when to share it.
The highest mortgage rates in two decades have started to take a toll, and by the end of 2024, total existing-home sales will probably be the weakest since 2011.
