Newly Built Home Sales Pick Up in March

Newly Built Home Sales Pick Up in March

Buyers turned to new builds in March as existing-home inventory stayed limited and mortgage rates eased slightly. WASHINGTON – Constrained supply of existing homes and modest improvement in mortgage rates pushed new home sales higher in March. Sales of newly built...
Florida Tops Real Estate Economy Rankings

Florida Tops Real Estate Economy Rankings

By Catherine Odom Real estate made up more than 25% of Florida’s economy in 2025, the highest share in the nation, according to a new NAR report. MIAMI – People often joke that the only industry in South Florida is real estate development. And a recent report from the...
Mortgage Rates Climb on Inflation Worries

Mortgage Rates Climb on Inflation Worries

By Alex Veiga Rates on 30-year mortgages increased to 6.37% from 6.3% last week, returning to levels seen a month ago. Rates on 15-year mortgages rose to 5.72%. WASHINGTON –The average long-term U.S. mortgage rate rose again this week, reflecting ongoing bond market...