Mortgage rates dropped to their lowest level in months. Four Florida cities lead the nation with biggest YoY median sale price increases and new listings. SEATTLE — The typical U.S. homebuyer’s monthly housing payment was $2,722 during the four weeks ending July 14, $115 lower than April’s all-time high, according to a new report from … 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
For the first time in state history, the median sale price for Florida exceeded that of the national number and has stayed there for several months. ORLANDO, Fla. – Each month, Florida Realtors® publishes a bevy of housing statistics, but few are examined as often as the median sale price of homes. The market price … Read more
A Redfin survey found some Florida cities have increasing inventory, including new construction. Experts say it’s combatting the affordability crisis. MIAMI — Florida was a red-hot destination during the pandemic, but now, the state is home to some of the fastest-cooling housing markets in the country. Western Florida cities like North Port, Tampa and Cape … Read more
Tampa ranks in the top 10 U.S. cities for new construction. In Crestview, Homosassa Springs, and Panama City, new construction homes sell for less than average home value. WASHINGTON – The Consumer Price Index clocks inflation between spring 2019 and spring 2024 at 22.9%. But Zillow home sale data demonstrates a particularly swift hike in … Read more
Rents across the state are trending down. South Florida rents are among the highest in the state. Researchers said the days of rapidly rising rents are probably over. BOCA RATON – Just a year ago, nearly all the measured Florida metros were at double-digit premiums, but now renters in Florida could see cheaper rents as … Read more
The case, closely watched by business and environmental groups, stems from a 2020 federal decision to shift permitting authority to the state for wetland projects. TALLAHASSEE, Fla. — Rejecting arguments by Florida and business groups, an appeals court Monday refused to put on hold a U.S. district judge’s ruling in a battle about permitting authority … Read more
A lawsuit says a state law restricting property ownership by people from China and six other countries is “based on stereotyped and xenophobic generalizations.” TALLAHASSEE, Fla. — Almost exactly a year after Florida lawmakers and Gov. Ron DeSantis approved a measure to restrict property ownership by people from China and six other countries, housing and … Read more
Florida, particularly South Florida, is looking at a hot summer, meteorologists said. North Florida will see more rain than average. MIAMI – You may want to clean out the kiddie pool and dust off the patio furniture early this year. We’re in for a hot start to summer, according to a national weather outlook released … Read more
MIAMI – A new sugar cube house sits in a slice of Miami called Silver Bluff, a sleepy residential neighborhood between Coral Gables and Coconut Grove. Rising above land on stilts and a roof adorned with solar panels, it stands out in a neighborhood filled with houses surrounded by chain-link fences and pitched rooftops with … Read more
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