by Editor | Mar 20, 2025 | General News
By Alex Veiga The rate on 30-year mortgages rose to 6.67% from 6.65% last week. Borrowing costs on 15-year fixed-rate mortgages rose to 5.83% from 5.8%. NEW YORK — The average rate on a 30-year mortgage in the U.S. rose slightly for the second week in a row, a modest...
by Editor | Mar 20, 2025 | General News
By Marla Martin Florida Realtors Chief Economist: Fla.’s single-family inventory is at a 5.3-months’ supply, suggesting it has moved out of a seller’s market into relative balance. ORLANDO, Fla. — In February, Florida’s housing market reported more inventory (active...
by Editor | Mar 20, 2025 | General News
The median home price rose 3.8% to $398,400. Southern sales climbed 4.4% in February but dropped 4% year-over-year, according to NAR. WASHINGTON — Existing-home sales increased in February, according to the National Association of Realtors®. For both monthly and...
by Editor | Mar 19, 2025 | General News
By Christopher Rugaber The Fed signaled it still expects to cut rates twice this year but now anticipates slower economic growth than it did three months ago. WASHINGTON — The Federal Reserve kept its benchmark interest rate unchanged Wednesday and signaled that it...
by Editor | Mar 19, 2025 | General News
Rents have declined for over a year, but low multifamily permitting may drive future increases in high-demand markets, Realtor.com said. AUSTIN, Texas — Rents have been on a decline in the top 50 metros for over a year, but low multifamily permitting activity is...
