New home sales rose 3.6% in December, ending 2024 higher amid limited inventory, the NAHB said. The median price increased 2.1% overall.
This ruling provides legal clarity for members using floor plans as marketing tools without fear of violating copyright law, NAR said.
Home sales in the final months of the year showed solid recovery despite elevated mortgage rates, NAR’s chief economist said.
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.
Florida Realtors Chief Economist: 2024’s biggest changes were the rise in inventory and the widening performance gap between the single-family and condo-townhouse markets.
Consumer sentiment dipped 4% in January, driven by inflation concerns, rising unemployment fears and declines across demographics.
Tampa and Jacksonville are among the metro areas in Florida that saw the biggest year-over-year affordability gains, Redfin found.
NAR's new Consumer Guide explains fire insurance coverage and the importance of informed decisions in high-risk areas.
Redfin said daily average mortgage rates should be declining on less aggressive national economic policies. The average home is selling in 52 days.
Scammers have impersonated over 400 mortgage institutions nationwide, stealing hundreds of thousands of dollars from unwitting homeowners.
