Renovations can increase a home's value and make it a more comfortable living space. One of the signs it's time to renovate could be the age of the home.
Home sales fell in March with rising mortgage rates, analysts said. The supply of homes on the market remains below the historical average.
The state purchased land, some previously slated for development, in Collier and Polk counties to protect links to conservation areas.
Single-family median sales prices are up 3.9% over March 2023 and new listings increased 7.7%. The condo-townhouse median prices increased 3.1%.
The average Florida home value doubled in six years. Tampa and Miami tied for having the third-fastest price doubling among large U.S. cities.
With mortgage rates hovering in the 6% to 7% range, many new buyers are looking for creative ways to save money. Temporary buydowns may be the answer.
If inflation continues, long-anticipated interest rate cuts may not happen this year, the Federal Reserve chair said. Interest rates influence mortgage rates.
