Home Buying

More Americans favor buying over renting

A new homebuyer survey found consumers favor buying over renting for the first time since 2023, with 53% saying buying is the better choice. Prices and mortgage rates remain the top barriers, but the findings give agents a reason to reconnect with renters, past leads and homeowners who paused their plans. More Americans now say … Read more

Florida affordability shift follows slower migration

Florida Realtors Chief Economist Dr. Brad O’Connor told Homes.com that Florida remains attractive to buyers, but higher prices have cooled some relocation activity. The story found affordability improved in Jacksonville, Ocala, Orlando, Tampa and Port St. Lucie as some markets gained inventory. Some Florida housing markets are showing signs of improved affordability as the post-pandemic … Read more

Study finds home affordability improving in several Florida metros

A new ConsumerAffairs analysis found affordability rankings improved in several Florida housing markets, including Jacksonville, Ocala and Orlando, though high-income thresholds remain in Naples and Miami. While home affordability in Florida remains challenging in many markets, a new national analysis suggests conditions may be beginning to improve in parts of the state. A study by … Read more

Driveway Overlaps Neighbor’s Property: Now What?

Real estate Q&A: A new survey found the overlap, not uncommon as property lines don’t always match assumptions. Confirm the results first, then talk to the neighbor. FORT LAUDERDALE, Fla. — Question: We are preparing to refinance our home, and the lender ordered a new survey. It turns out that about 2 feet of our driveway … Read more

RE Q&A: Should We Tell Buyers About Neighbor?

A difficult neighbor may need to be disclosed if issues are ongoing. Being clear and factual can help sellers avoid problems later. FORT LAUDERDALE, Fla. – Question: We are getting ready to sell our house, and one of the reasons is our next-door neighbor. He throws loud weekend parties that run late into the night, … Read more

Why Earnest Money Matters to Sellers

Earnest money shows buyers are committed and financially ready, helping sellers feel more secure about accepting an offer. NEW YORK – Question: My husband and I are trying to buy a home. We got prequalified, as our real estate agent recommended and have the lender ready, but our offers keep getting rejected. Our agent believes … Read more

All the Single Ladies? They’re Homeowners

Single women now own far more homes than single men and lead in most U.S. metros, including fast-growing Florida markets where prices better match single incomes. NEW YORK — Single women continue to outpace single men in homeownership, even though they typically earn less and spend a larger share of their income on housing. New … Read more

Mortgage Rates Rise as Spring Activity Builds

The average 30-year mortgage rate rose to 6.46% from 6.38% last week, while costs on 15-year fixed-rate mortgages increased to 5.77% from 5.75%. WASHINGTON — The average long-term U.S. mortgage rate climbed for the fifth straight week, reaching its highest level in nearly seven months, another setback for home shoppers in the midst of the … Read more

Report: Earlier Homebuying Builds More Wealth

Homebuyers who purchase earlier gain more equity over time, leading to a $119K net worth gap by age 50 compared to those who wait. NEW YORK — Buying a first home at a younger age can significantly boost long-term wealth, with early purchasers gaining a six-figure advantage over those who wait, according to a new … Read more

Spring Listing Moves That Attract Higher Offers

NEW YORK — Every spring, thousands of homeowners list with the same goal: Sell quickly and walk away with the highest possible price. But in the busiest season of the year, strong demand alone doesn’t decide the outcome. The difference between a good sale and a great one often comes down to a handful of … Read more