Mortgage Rates Rise, 30-Year Reaches November High
The average rate on 30-year mortgages rose to 6.72% from 6.6%. Borrowing costs on 15-year fixed-rate mortgages rose to 5.92% from 5.84% last week.
Fla.’s Nov. Housing: New Listings, Inventory Up
Florida Realtors Chief Economist: Nov. saw a post-hurricane rebound for new listings, new pending sales. New listings, single-family up 7.2%; condos, up 5.4%.
Florida Realtors’ Tim Weisheyer on Leadership
Incoming Florida Realtors President Weisheyer said his career has been shaped by a focus on making a positive impact, among other key leadership principles.
U.S. Homes Hit Record for Extra Bedrooms
The trend in increasing number of excess bedrooms is driven by both declining household sizes and by an increase in the number of bedrooms per home, Realtor.com found.
Existing-Home Sales Rise 4.8% in November
Existing-home sales in the South rose 5.6% from October to an annual rate of 1.87 million in November, up 3.3% from one year before.
Redfin: Buyers With Kids Get More Family Help
One in four buyers with kids received family cash for down payments, compared to 12% of those without, highlighting higher housing costs for families.
Federal Reserve Cuts Rate by Quarter-Point
The Fed cut rates for the third time in 2024 but signaled slower reductions ahead, citing persistent inflation and economic uncertainties.
5 Common Questions About FR/BAR Contracts
Test your knowledge and learn more about the Florida Realtors/Florida Bar (“FR/BAR”) contract with this short quiz.
New Year, New Condo Rules
Starting Jan. 1, condo sale contracts must include conspicuous statements about the milestone inspection, turnover report, and structural integrity reserve study.
Honoring Moe Veissi
Florida Realtors is deeply saddened to announce 2002 Florida Realtors President Maurice J. “Moe” Veissi died. He was 78.