The average 30-year mortgage rate rose to 6.69%, its highest level in just over a year, further limiting buyers’ purchasing power. The 15-year rate slipped to 6.01%. The average long-term U.S. mortgage rate rose for a fifth consecutive week to its highest level in just over a year, marking the latest strain for prospective homebuyers … Read more
Florida Realtors General Counsel Juana Watkins warned that routine advertising, screening and customer communications can create lawsuits or ethics complaints even when they do not lead to regulatory discipline. She urged Realtors to understand overlapping rules and seek guidance before acting in legal gray areas. What might feel like a routine advertisement, rental screening decision … Read more
The Fed held rates steady as inflation and energy prices remain high, though growing expectations of a September hike could keep borrowing costs elevated. The Federal Reserve left its key interest rate unchanged Wednesday despite persistently high inflation and a spike in energy prices caused by the Iran war. The Fed’s rate-setting committee reached the … Read more
Florida’s housing outlook showed encouraging progress, with supply gaps narrowing in several major metros and affordable listings making up a larger share of the markets studied. Homebuyers in Miami, Tampa, Orlando and Jacksonville saw more affordable listings over the past year, while Miami and Jacksonville also made progress in reducing their housing shortages, according to … Read more
As more buyers and sellers use AI tools to find agents, consistent business information, detailed reviews and a clearly defined local presence can help strengthen visibility and credibility. As buyers and sellers increasingly turn to ChatGPT, Google’s AI results and other large language models for agent recommendations, digital visibility is beginning to depend on whether … Read more
The average 30-year fixed mortgage rate rose to 6.58% this week, its highest level in nearly a year, while the 15-year rate increased to 5.96% from 5.93%. Rising oil prices and inflation concerns have pushed bond yields higher. The average long-term U.S. mortgage rate climbed this week to its highest level in nearly 12 months, … Read more
Artificial intelligence and home automation are reshaping how homes function, from keyless entry and smarter kitchens to lighting, climate control, sleep tracking and bathroom health features that respond more directly to daily routines. Artificial intelligence (AI) and home automation are expected to reshape daily life across the house over the next two decades, making many … Read more
Closed sales, pending sales and median prices increased in both property categories in June. Florida Realtors researchers said a weak June 2025 comparison contributed to the size of the gains. Sales are now tracking closer to 2023 levels. Florida home sales extended the year-over-year growth streak to 10 consecutive months in June, with closed sales, … Read more
Saudi Arabia’s new foreign property ownership system gives non-Saudi buyers and companies a clearer path to own real estate through designated areas and an online portal. The shift is worth noting in Florida, where international buyers are part of the real estate market. Saudi Arabia started accepting foreign real estate ownership applications through its official … Read more
Pew Research found rising home prices, higher mortgage rates and bigger upfront costs have made homeownership harder for adults under 40. In several Florida metros, median home prices are now four to five times the median income for younger households. Young adults are facing a harder path to homeownership than previous generations, and new Pew … Read more
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