According to the ATTOM's 2023 U.S. Home Affordability Report, the average 30-year mortgage rate has risen from 3% to 7%, and the nationwide median home price has reached a record $351,250. This has caused the typical portion of average wages required for home ownership expenses to increase to 35%, which is considered unaffordable by lending standards. Most counties in the US have become less affordable than historical averages.
Understanding Florida’s Homestead Exemption: A Guide for New Homebuyers in Miami-Dade and Broward
Buying a new home is an exciting milestone, but it comes with its own set of financial considerations. For residents in Miami-Dade and Broward counties,
August 10, 2026
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