Real Estate News
30-Year Mortgage Average Rate Slips to 8-Week Low
Freddie Mac: It fell to 6.85%, its lowest level since late Dec. and easing for the fifth week in a row. A year ago, the 30-year FRM averaged 6.90%. Read More
Condo Owner Breaking Rules by Feeding Wildlife
Most community associations ban residents and guests from feeding wildlife. But if owners keep breaking the rules, it may require legal action. Read More
Citizens’ Policies Inch Up, Top 945K
A week earlier, the state’s insurer of last resort had 942,810 policies. Citizens’ policies are expected to decrease soon due to more depopulation efforts. Read More
Florida Continues to Gain Million-Dollar Earners
The state had an 8% increase in million-dollar earners from 2021 to 2022, reaching 77,670, according to the IRS. But nationwide, that number dropped by 2%. Read More
Families Spending 38% of Income on Mortgage
NAHB: In 4Q 2024, a family earning the nation’s median income of $97,800 needed 38% of its income to cover the mortgage payment on a median-priced new home. Read More
Many Families Spend 38% of Income Paying Mortgage
NAHB: In 4Q 2024, a family earning the nation’s median income of $97,800 needed 38% of its income to cover the mortgage payment on a median-priced new home. Read More
The Return to Urban Living — Why More People Are Moving Back to Cities
After years of suburban and rural migration during the pandemic, cities have been making a comeback in the past couple of years Read More
Tracking Your Taxes
The IRS began accepting tax returns on Jan. 27 and expects over 140M filings by April 15. Most refunds arrive in 21 days, with some delayed until mid-February. Read More
Housing Starts Retreat on Elevated Rates
Overall housing starts decreased 9.8% in January, which is 1.8% lower than a year ago. Multifamily decreased 13.5%. Read More