If inflation continues, long-anticipated interest rate cuts may not happen this year, the Federal Reserve chair said. Interest rates influence mortgage rates.
Researchers said rent prices nationwide are becoming more balanced. In some areas of Florida, rental costs have declined slightly.
One economist said gas prices likely contributed to the decline. Most expect consumer spending to remain healthy as long as the job market holds steady.
Don’t jeopardize your chances of getting your dream home after getting preapproved for a mortgage by taking out new lines of credit or other missteps.
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.
Data from Niche shows counties in northern Florida and the Panhandle lead the state in affordability related to cost of living.
