New home sales fell 17.6% in January nationally, but the South saw a 4.1% yearly gain. Builders are using incentives to offset affordability pressures.
The average 30-year rate rose to 6.22% from 6.11%, while 15-year rates edged up to 5.54%, as inflation concerns pushed borrowing costs higher.
Higher mortgage rates are pushing some buyers toward ARMs for lower upfront costs, but future rate changes could raise payments if rates don’t fall.
Borrowing costs are edging higher as inflation fears tied to rising oil prices grow, which could slow buyer demand and sideline refinancing.
Some Florida metros show smaller owner-renter income gaps than many U.S. markets, suggesting some buyers may be closer to purchasing despite other challenges.
As tax season wraps up, reviewing deductions, expenses and retirement contributions can help keep more money in your pocket this year.
Florida sellers could see higher prices and quicker sales by listing in early to mid-April. Here’s why timing your listing could make a difference this spring.
Not all move-in-ready homes are equal. Buyers who verify key components, records and inspections can avoid pricy repairs after closing.
The Fed expects one rate cut despite higher inflation tied to the Iran war. Rates staying elevated could keep mortgage costs higher and slow buyer activity.
Rental scams are on the rise. Agents who educate renters on red flags can help prevent fraud, protect personal data and strengthen their value in the transaction.
