Tag: real estate news

FHFA: U.S. 2Q Prices Up 17.7% – But Over 26% in Fla.

It’s hard to underestimate the strength of Florida’s current home price increases in the second quarter of 2022 based on the Federal Housing Finance Agency House Price Index (FHFA HPI). Index scores are based on mortgages – more than half of all in the U.S. – backed by Fannie Mae and Freddie Mac. Of the…
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New Housing Won’t Arrive Anytime Soon

The U.S. housing market is undergoing a correction after two years of unrestrained price appreciation, with higher mortgage rates squeezing out buyers who were banking on new construction. “We should anticipate fewer homes being built over the next 12 months,” says Zonda chief economist Ali Wolf. “The new-home market is struggling right now. Demand has…
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¿Invertir en la Florida? Los colombianos cada vez más se interesan en inmuebles en EE. UU.

¿Invertir o gastar? La respuesta parece muy fácil, pero depende del nivel de vida que quiera cada individuo del planeta. Es claro que darse lujos parece ser muy importante para algunos, pero el ahorro en momentos de una difícil situación económica como la que vive la humanidad parece ser más inteligente. Muchas son las formas…
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NAR: U.S. July Home Sales Fell 5.9%

Existing-home sales sagged for the sixth straight month in July, according to the National Association of Realtors® (NAR). All four major U.S. regions included in the analysis had month-over-month and year-over-year sales declines. Total existing-home sales – completed transactions that include single-family homes, townhomes, condominiums and co-ops – slipped 5.9% from June to a seasonally…
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80% of Metros See Double-Digit Price Gains in 2Q

Despite escalating mortgage rates and slumping home sales in the second quarter of 2022, more markets saw double-digit annual price gains compared to the prior quarter, according to the National Association of Realtors®’ (NAR) latest quarterly report. Of the 185 metro areas tracked by NAR, 80% posted double-digit price gains, up from 70% in the…
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On the House: 6 Crucial Tips for Bringing Down Your Mortgage Rate

First-time homebuyers in the market today have a litany of woes. Home prices are at record highs. Saving for a down payment is tougher than ever due to soaring inflation. And now, mortgage interest rates are much higher than they were a year ago—making monthly housing payments even more expensive. Many first-time buyers have been…
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Short-Term Rentals Boomed – That’s Good and Bad

Needing places to either work from temporarily or vacation as they escaped pandemic restrictions, COVID fleers made South Florida one of their top destinations. And with them came an increased need for short-term housing, or vacation rentals. “It appears mostly in the Sunbelt states, particularly in Florida, in South Carolina, where we have beachfronts and…
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Fla.’s Consumers Slightly More Optimistic in July

GAINESVILLE, Fla. – July consumer confidence among Floridians increased four-tenths of a point to 61.4 from June’s revised figure of 61, a trend that also occurred nationally. Among the five components that make up the index, two increased, two remained unchanged and one decreased. Current conditions: Floridians’ opinions about current economic conditions were mixed. Views…
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Fla. Lists ‘Average Insurance Premiums’ by County

TALLAHASSEE, Fla. – The Florida Office of Insurance Regulation (OIR) issued a report July 1 that showed homeowners in different parts of the state pay widely varying amounts for property insurance. Average premiums for homeowners by county Monroe: $6,729 Miami-Dade: $5,093 Palm Beach: $4,811 Broward: $4,802 Martin: $4,373 Collier: $3,928 Franklin: $3,849 Walton: $3,603 Indian…
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NE Fla. Home Prices Dip After Months of Increases

he Northeast Florida Association of Realtors (NEFAR) says single-family home sales in June showed the first signs of stabilizing following constant monthly increases for more than a year. Reasons for the slowing sales? Inflation and rising mortgage rates. Putnam, Clay and Baker counties saw median home prices increase, while they declined by $28,050 in St.…
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