Young adults face delays in homeownership due to high prices and interest rates, and low inventory, with first-time buyer rates at record lows.
NAR’s newest Consumer Guide simplifies homeowners insurance with key insights on costs, coverage and claims to help buyers make informed choices.
Home tours rose 2% to start 2025, showing renewed buyer interest. Sales are slower nationally as mortgage rates remain high.
First-time buyers are sometimes surprised by ownership costs beyond their mortgage, including taxes, insurance, utilities, maintenance and HOA fees.
Villas, Altamonte Springs and Lauderdale Lakes ranked among the best U.S. markets for affordability and family-friendly living, according to Realtor.com.
Nearly 40% of homeowners who don’t plan to sell anytime soon say it’s because their home is almost or completely paid off.
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Florida saw strong listing growth in December with Miami, Tampa and Orlando leading, giving buyers more options and time to explore.
Consumer sentiment toward housing ended 2024 well above 2023, driven partly by ongoing expectations of falling mortgage rates.
Florida’s consumer sentiment has seen a notable positive shift, rising nine points in the last couple of months, a UF analyst said.
