Rates at Lowest Level in More Than a Year

Rates at Lowest Level in More Than a Year

By Alex Veiga The average 30-year mortgage rate fell to 6.19% from 6.27% last week, while 15-year rates dropped to 5.44% from 5.52% last week. WASHINGTON –The average rate on a 30-year U.S. mortgage fell this week to its lowest level in more than a year,...
Florida Home Sales Up, Prices Leveling in Sept.

Florida Home Sales Up, Prices Leveling in Sept.

By Marla Martin Florida Realtors Chief Economist: Driven in part by recent lows in mortgage rates, Sept. existing single-family home sales up 13.6% YoY; condo-townhouse sales up 8%. ORLANDO, Fla. — In September, closed sales of existing single-family homes statewide...
U.S. Existing-Home Sales Increase 1.5% in Sept.

U.S. Existing-Home Sales Increase 1.5% in Sept.

In the South, existing-home sales climbed 1.6% in September and nearly 7% year-over-year, outpacing other regions as lower mortgage rates improved affordability. WASHINGTON — Existing-home sales increased by 1.5% month-over-month in September, according to the...
Insurance Reforms Return $1B to Drivers

Insurance Reforms Return $1B to Drivers

By Ron Hurtibise Progressive will issue refunds to its Florida auto policyholders, averaging $300 each, after insurance reforms cut losses. Other major insurers may soon follow. TALLAHASSEE, Fla. — Progressive, one of the nation’s top auto insurance companies, plans...
Pre-Sale Upgrades May Speed Up Home Sales

Pre-Sale Upgrades May Speed Up Home Sales

Homes with pre-sale improvements sell 72% faster, experts say, as agents focus on helping sellers boost appeal and profits instead of chasing new leads. NEW YORK — In today’s challenging market of cautious buyers and reluctant sellers, success isn’t about...