Real estate made up more than 25% of Florida’s economy in 2025, the highest share in the nation, according to a new NAR report.
Buyers turned to new builds in March as existing-home inventory stayed limited and mortgage rates eased slightly.
Rates on 30-year mortgages increased to 6.37% from 6.3% last week, returning to levels seen a month ago. Rates on 15-year mortgages rose to 5.72%.
High rents and rising costs are making it harder to buy. Building credit, managing spending and staying focused can help keep homeownership within reach.
As hurricane season nears, homeowners should review their coverage now. Always keeping clear records helps avoid delays and disputes.
Property owners say eviction bans left them with unpaid rent, debt and lasting business strain as a lawsuit moves forward in federal court.
Sticky inflation and elevated mortgage rates could keep pressure on buyers and housing demand as the Fed waits for clearer economic signals.
NAR: The national median single-family existing-home price rose slightly – up 0.5% YoY – to $404,300, down from 1.2% annual growth in 4Q 2025.
The latest revenue report reached $3.97B – 1.5% above expectations, signaling the state’s economy is holding steady, which helps support buyer confidence.
Mortgage rates may stay steady, but global tensions and Fed signals could shift the market. Agents who understand rate drivers can guide buyers through uncertainty.
