Most adult Gen Zers are tracking ahead of where their parents were at the same age, likely because they bought when rates were near record lows. SEATTLE— More than a quarter (26.3%) of adult Gen Zers owned a home in 2023, little change from the previous year. At the same time, homeownership among millennials and … Read more
Homeowners are increasingly coming to terms with higher interest rates and aren’t waiting to sell, Redfin found. NEW YORK – A growing number of homeowners with low interest rate mortgages aren’t waiting to move until rates have dropped. Rather, they’re increasingly opting to move into new homes and take on higher interest rate mortgages, according … Read more
A Fannie Mae survey found 17% of consumers indicate it’s a good time to buy a home now. WASHINGTON – The Fannie Mae Home Purchase Sentiment Index HPSI) increased 2.9 points in December to 67.2, due primarily to a significant jump in the share of consumers expecting mortgage rates to go down over the next … Read more
A Fannie Mae survey found 17% of consumers indicate it’s a good time to buy a home now. WASHINGTON – The Fannie Mae Home Purchase Sentiment Index HPSI) increased 2.9 points in December to 67.2, due primarily to a significant jump in the share of consumers expecting mortgage rates to go down over the next … Read more
Although UF’s monthly consumer confidence survey ended the year on a high note, the survey marked its third lowest level since it began in 1985. GAINESVILLE, Fla. – Consumer sentiment in Florida inched up for a third consecutive month in December to 69.5, gaining 1.2 points from a revised figure of 68.3 in November. Meanwhile, … Read more
Prospective homeowners should consider all the steps to securing the best possible mortgage terms. NEW YORK – A home is the single biggest purchase most people will ever make. That’s perhaps become even more true in recent years when the cost of homes has increased dramatically. The sticker price of a home may come … Read more
MIAMI – Homebuyers and renters are in luck. Real estate experts predict you can expect better deals in South Florida in 2024. Thanks to a slowdown in home sales and a growing supply of residences – especially high-rises – it’ll be a good time to rent or buy, the forecasters say. Prices will lower slightly, … Read more
The media age of homebuyers is up from 39 two decades ago, suggesting finances play a critical role in homeownership. WASHINGTON – The recent shift in the demographics of homebuyers in the United States paints a concerning picture for younger generations. The median age of homebuyers has risen to 49, a significant increase from 39 … Read more
LOS ANGELES – Emily Johnson recalls her first duplex fondly — well, sort of. She rented to a friend’s sister, who ended up being “a nightmare”: The tenant smoked in the house, paid rent late and knocked on Johnson’s door at 11 p.m. with maintenance requests. Nevertheless, Johnson caught the investing bug. That experience 20 … Read more
But, experts say, while the state’s property and casualty insurance market is seeing signs of improvement, it still has a way to go. ORLANDO – The stewards of Florida’s property insurance industry refused to tamp down their enthusiasm at the Florida Chamber Insurance Summit in Orlando on Thursday. Recent legislative reforms are driving down lawsuits … Read more
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