The average rate on a 30-year mortgage rose to 6.95% from 6.86% last week and the average rate on a 15-year mortgage rose to 6.25% from 6.16%. LOS ANGELES – The average rate on a 30-year mortgage rose this week, pushing up borrowing costs on a home loan for the first time since late May. … Read more
Florida is enjoying a positive net inflow of new residents, especially those who are wealthy and high earners, from across the country and world. ORLANDO – Florida’s reputation as an affordable place to retire has long attracted people of all classes to the Sunshine State when their working days are done. Florida was also an … Read more
About 1 in 6 Americans fall into the Sandwich Generation – taking care of children and parents at the same time. Many receive financial help to afford a home. SANTA CLARA, Calif. – According to new research from Realtor.com, 17% of Americans say they are taking care of their children (under 18) and parent(s)/grandparent(s) at … Read more
HousingWire’s 2024 Women of Influence award recognizes women nationwide who have made an impact on the housing and real estate industry. WASHINGTON – Margy Grant, CEO of Florida Realtors®, was recognized Monday as one of HousingWire’s 2024 Women of Influence, an award honoring 100 women nationwide for their significant contributions to the housing industry. HousingWire highlighted … Read more
Builders are slowing the pace of new home construction. Single-family housing starts declined in May for the third straight month to the slowest pace since October. LOS ANGELES – Homebuilders who bucked the worst of last year’s housing slump may be seeing their luck run out. After showing signs of strengthening early this year, sales … Read more
Legislative reforms and a cooling inflation are beginning to have a positive impact on the state’s home insurance market, the Insurance Information Institute found. TALLAHASSEE, Fla. – Homeowners insurance premium growth in Florida has slowed since the state implemented legal system abuse reforms in 2022, according to a Triple-I analysis. As shown in the chart … Read more
Some of the new laws that resulted from Florida Realtors’ 2024 legislative priorities include more Hometown Heroes Housing and My Safe Florida Home funding. TALLAHASSEE, Fla. – Dozens of new laws passed during the most recent legislative session and approved by Gov. Ron DeSantis go into effect today, impacting homeowners across the state. They cover … Read more
Veto of SB 280, which was a Florida Realtors priority, protects private property rights and Florida’s economy. TALLAHASSEE, Fla. — Gov. Ron DeSantis announced the veto of SB 280 – Vacation Rentals late Thursday. The veto, which was a priority of Florida Realtors® since the close of the 2024 session, protects the property rights of … Read more
NEW YORK – When we saw that rent at our current apartment would go up by several hundred dollars if we re-signed our lease this summer, my roommates and I knew it was time to start searching for a new place to live. We knew what we could afford between the three of us, and … Read more
Economists say the Fed will cut rates only once this year, in December, as opposed to the previously projected two rate cuts. WASHINGTON – Affordability constraints continue to limit the number of buyers willing and able to make home purchases, even as listings of for-sale homes rise, according to the June 2024 commentary from the … Read more
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