Florida Realtors News
News Archive
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%.
Making a big purchase, like a home, requires financial knowhow that’s not often taught in school. Learning the basics can help avoid poor decisions.
The average rate on a 30-year mortgage rose to 7.1%, the highest level since late November. The average rate for 15-year fixed-rate mortgages rose to 6.39%.
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.
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.