by Editor | Apr 25, 2025 | General News
By Gary M. Singer Property taxes are typically prorated at closing. Even if you only lived there a few months, you’re responsible for the full tax bill, but can seek reimbursement from the seller. FORT LAUDERDALE, Fla. — Question: We purchased our first home...
by Editor | Apr 24, 2025 | General News
By Alex Veiga The rate on 30-year mortgages fell to 6.81% from 6.83% last week, Freddie Mac said. Borrowing costs on 15-year fixed-rate mortgages dropped to 5.94%. WASHINGTON — The average rate on a 30-year mortgage in the U.S. eased this week, though it remains close...
by Editor | Apr 24, 2025 | General News
Home buying and selling remained sluggish in March due to the affordability challenges associated with high rates, NAR Chief Economist Lawrence Yun said. WASHINGTON — Existing-home sales descended in March, according to the National Association of Realtors®. Sales...
by Editor | Apr 24, 2025 | General News
By Marla Martin Florida Realtors Pres. Weisheyer: After years of low inventory and rising home prices, “we are experiencing a normalization of the real estate market in our state.” ORLANDO, Fla. — Florida’s housing market in March and the first quarter (1Q) of 2025...
by Editor | Apr 23, 2025 | General News
Lower mortgage rates and tight existing inventory helped push March new home sales up 7.4% month-over-month and 6% year-over-year, the NAHB said. WASHINGTON – A modest decline in mortgage rates and lean existing inventory helped boost new home sales in March even as...
