Mortgage Rates Rise to Nearly 3-Month High
Rates on 30-year mortgages rose to 6.54% from 6.44% last week, Freddie Mac said. Borrowing costs on 15-year fixed-rate mortgages rose to 5.71% from 5.63%.
RE Q&A: What Should I Look For in a Rental?
To ensure you make the best decision, conducting thorough research on three key aspects: the neighborhood, the property’s condition and the landlord’s credibility.
Snowbird Season Begins Amid Hurricane Recovery
Popular destinations in the state are welcoming visitors and seasonal residents while recovery efforts from Hurricanes Milton and Helene are ongoing.
Luxury Home Market Remains Steady
Wealthy buyers are continuing to invest in Florida’s luxury home market. Data from Douglas Elliman shows price increases and higher sales volumes in Q3 2024.
Redfin: Renters Want Increase Caps
An economist says rent control worsens housing affordability in the long run. The best way to make rentals more affordable is to build more units.
Home Equity Gains Level Off, Remain Strong
Almost half of mortgaged homeowners remain equity-rich, according to ATTOM. The portion of owners seriously underwater still close to five-year low.
Milton, Helene Claims Exceed $4.1B
Nearly 360,000 insurance claims have been filed in Florida due to Hurricanes Milton and Helene, mostly from residential properties in the hardest-hit areas.
Should Homeowners Act on Lower Mortgage Rates?
With mortgage rates dipping, owners can explore lowering payments or using home equity. Experts advise weighing costs, future plans and consulting a financial pro.
Fla.’s Sept. Housing Inventory Up, Prices Easing
Florida Realtors Chief Economist: Hurricane Helene disrupted the state’s RE market last month. Still, statewide inventory rose YoY for both Sept. and 3Q.
Business Owners in Disaster Areas: Beware Scams
Small business owners repairing storm damage are especially vulnerable to scams due to the many employees and contractors involved after a disaster.