Homeownership Costs Up to 17 Workdays Per Month
The median U.S. home price is $412K, requiring 10 workdays per month to afford. In Florida, it’s 11 days. Midwest buyers need a week or less.
Boomers Now the Largest Share of Home Buyers
Baby boomers account for 42% of all home buyers, while millennials fall to 29% (down from 38% from one year ago), NAR said. Multigenerational home buying is rising.
Rates Expected to Move Lower in 2025, 2026
Fannie Mae forecasts mortgage rates at 6.3% by year-end 2025, boosting home sales slightly. Rates may drop further, encouraging more buyers off the sidelines.
How Long Should You Wait for Rates to Drop?
Mortgage rates remain near 7%, frustrating some buyers who expected lower costs. Experts say waiting for a big drop may not pay off, as small declines are likely.
How Seasonal Demand Affects Florida Rent Prices
Florida rental prices fluctuate with seasons – rising in winter for snowbirds, dropping in summer. Renters can save by timing leases, while owners adjust for demand.