Rates on 30-year mortgages dipped to 6.85% from 6.89% last week, while 15-year mortgage rates fell to 5.99% from 6.03% last week.
Replacing a worn front door is one of the best remodeling projects for return on investment, NAR said. Wood-grain doors are among the trendiest options.
Build-to-Rent homes offer a rental alternative to ownership, adding new inventory and influencing housing demand patterns in Florida’s growing markets.
Elevated interest rates, tight lending standards and economic uncertainty remain persistent factors limiting construction growth, NAHB said.
Chief Economist Lawrence Yun forecasts rising home sales, prices and new-home activity through 2026, but says high mortgage rates continue to slow the market.
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The nonpartisan Florida Taxwatch group said Florida’s economic growth pattern should match or surpass the national economic growth pattern for the next five years.
HELOC balances rose 7.2% nationwide in 2024 as more homeowners tap equity amid high mortgage rates and limited refinancing options.
After three months of decline, Floridians grew more optimistic in May, with stronger confidence in making major purchases and in the future of the U.S. economy.
Over a 14-month period starting in September, lenders are phasing in new appraisal reporting for all GSE-conforming loans.
