In September 2023, Florida's single-family home sales ↑ 6.1%, totaling 21,335 closed sales. The dollar volume of single-family home sales reached $12.2B ↑ 14.1% yearly. Florida's median sales price for existing single-family homes reached $409,243, reflecting ↑ 1.3%....
Here are some of the most common types of mortgage loans and their typical down payment requirements: Conventional mortgages , which aren’t backed by a government program, can require a down payment as low as 3%. It might not be easy to temporarily forgo weekly takeout or other nonessential purchases, but doing so could help you meet your savings goals more quickly. In addition to your down payment,...
The Federal Reserve has decided to keep interest rates unchanged for the second consecutive month, but there is a possibility of a rate hike in December. The benchmark interest rate remains at its highest level in 22 years. The next interest rate decision will be made in December, and it is uncertain whether rates will be raised. The Fed uses interest rates to stimulate or slow down the economy. Rate...
Idaho's mountain towns offer exclusive wilderness retreats with high-priced real estate. Ketchum is the most expensive community, known for its outdoor activities and annual Trailing of the Sheep Festival. McCall is a picturesque resort town with a serene mountain lake and various recreational opportunities. Victor offers stunning scenery, wildlife, and proximity to ski resorts. Hailey, located near...
Insurance costs: Florida avg: $2,385/yr South Florida: $2,945-$4,740/yr New law, HB 799, enforces windstorm mitigation discounts. Reinforcing Homes for Savings: -Seller upgrades -Tax benefits - ↓ Premium adjustments...
The Australian government aims to build 1.2 million homes over five years to address the housing shortage. However, there are common misconceptions about housing supply that need to be addressed. These include the belief that housing demand is solely driven by population growth, the misconception that foreign investors are buying up existing properties, the idea that there are a significant number of...
Almost half of Melbourne's undersupplied housing and rental markets are located in the eastern part of the city, according to new research. The study highlights the high demand and shortage of housing and rental properties in these areas, attributing it to the state government's policies that discourage property investors. The lack of supply is leading to increased competition among renters and...
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