Real Estate News
NAR: Existing-Home Sales Dipped 2.5% in August
The inventory of unsold existing homes improved by 0.7% from the previous month to 1.35 million at the end of August, or the equivalent of 4.2 months’ supply. Read More
Fla.’s Aug. Housing: New Listings Up, Prices Ease
New listings, inventory levels up YoY for both single-family homes and condo-townhouses. Single-family median price eased 0.8% YoY, condo-townhouse median down 4.3%. Read More
Hometown Heroes: 2024 Funds Depleted, 6K+ Helped
Less than two months after receiving $100 million from the state Legislature, Floridians have reserved all available Hometown Heroes Housing program funds. Read More
Redfin: Housing Payments Post 4-Year Decline
Monthly housing payments are down nearly $300 from April’s all-time high, but pending sales are still lagging. The Fed rate cut on Wednesday could help. Read More
The Latest Builder Trend: Smaller, Less Expensive Homes
Even though affordability is improving, buying a home can still feel tough right now. Read More
Fed Makes Aggressive Half Point Cut
The unusually large interest rate cut suggests the economy is rebounding. The cut will continue to impact mortgage rates, which have declined in the past weeks. Read More
Surfside Report Won’t Be Released Until 2026
One investigator in the 2021 Champlain Towers South condo collapse said it is “one of the most complex building failure investigations ever undertaken.” Read More
Rising Builder Sentiment Breaks 4-Month Decline
Builder confidence improved for the first time since May thanks to declining interest rates, but construction costs are holding back some enthusiasm. Read More
Good News for Buyers: Housing Supply Increasing
New listings rose 1.6% month over month in August to the highest seasonally adjusted level in nearly two years and climbed 2.1% from a year earlier. Read More