Mortgage Rates Hit Third Straight Weekly Decline

Mortgage Rates Hit Third Straight Weekly Decline

By Alex Veiga The average rate on 30-year mortgages fell from 6.69% last week to 6.6%, the lowest level since Oct. 24. The rate on 15-year fixed-rate mortgages fell to 5.84%. NEW YORK — The average rate on a 30-year mortgage in the U.S. eased for the third week in a...
Starter Home Prices See Largest Increase

Starter Home Prices See Largest Increase

By Jennifer Warner Florida starter home prices have jumped since 2018, with rising rates and investor competition making it more difficult for first-time buyers. ORLANDO, Fla. — The deck is stacked against typical Floridians trying to get into their first home in...
U.S. Homebuying Demand Remains High

U.S. Homebuying Demand Remains High

Redfin found that more buyers are in the market because they have accepted mortgage rates will remain above 6% for the foreseeable future, among other reasons. SEATTLE — Home tours, mortgage applications and pending sales are rising as mortgage rates decline from the...
New NAR Guides Clarify Agency Roles, Appraisals

New NAR Guides Clarify Agency Roles, Appraisals

By Amy Connolly Two new guides – Agency and Non-Agency Relationships and The Appraisal Process – help customers make informed decisions and highlight a Realtor’s value. ORLANDO, Fla. — The latest Consumer Guides by the National Association of Realtors® clarifies the...
Florida Leads U.S. Migration Trends

Florida Leads U.S. Migration Trends

By Jennifer Warner Florida saw 131K new residents in 2022-2023, while high-cost states like California and New York continued to experience population declines. ORLANDO, Fla. — New data from the Census Bureau, released in early September, provided additional insight...
Study: Adults 50-plus Want to Age in Place

Study: Adults 50-plus Want to Age in Place

AARP said older adults want to stay in their homes but rising costs and limited options are limiting. Affordable, safe and accessible housing must be prioritized. WASHINGTON – A strong majority of adults aged 50 and older (75%) wish to remain in their current homes as...