Purchase applications recently ↑1% and were ↑21% yearly, showing buyers are moving forward as inventory conditions look more favorable nationally for many shoppers. Total mortgage application volume recently ↓1.6% seasonally adjusted, after a prior ↑7.9%, while unadjusted activity ↓1%, tracking overall loan demand across programs. The 30-yr fixed rate...
Miami pending home sales increased 10.0% year-over-year, showing strong buyer demand in the South. Continued migration and demand could support steady housing activity through 2026....
Recent housing data indicates a slow start to 2025, but falling mortgage rates have sparked cautious optimism for the spring sales season. Mortgage rates have decreased for seven consecutive weeks, encouraging potential homebuyers. Rising inventory levels may also boost the market. Despite a 4.6% drop in the Pending Home Sales Index in January, economists believe the spring could bring new momentum,...
Fannie Mae has revised its 2025 housing market forecast, predicting fewer home sales and slower price growth due to persistently high mortgage rates. The expected 30-year mortgage rate is now around 6.5% by the end of 2025. Home sales are projected at 4.89 million, down from 5.00 million, with home price growth slowing to 3.5% in 2025. The Sun Belt is expected to see more sales, while the Northeast and...
Home sales in North Central Florida showed mixed results in November. Gainesville experienced a 4.5% increase in homes sold, while Ocala saw a 3% decline. The average sales price in Gainesville dropped nearly 5%, contrasting with a 5% rise in Ocala. Overall, sales figures across the state decreased slightly. Continue to full article...
South Florida's October single-family home sales declined in all three coastal counties compared to last year. Palm Beach County recorded 223 signed contracts, ↓ 15.2% yearly and ↓ 14.8% from September....
South Florida's luxury real estate market remains attractive, with home sales and prices rising in the third quarter compared to last year. There were 137 luxury sales across six markets, with prices up 9.6%. Palm Beach saw a rise in active listings, while Miami Beach experienced faster sales despite a decline in overall condo and single-family sales. The median price for single-family homes in Palm...
It is projected that by 2025, mortgage rates could further drop to 5.7%, stimulating a rebound in home sales. The median single-family sales price expected to climb by 6.9% in 2024 and nearly 10% in 2025 in South Florida....
Home sales are increasing in Miami-Dade, Broward, and Palm Beach, while inventory rises. In South Florida, housing inventory is increasing as days on market decrease. Existing home sales are up in Miami-Dade and Broward but down in Palm Beach. Overall, home sales are dipping in South Florida as inventory rises and days on market fall. Continue to full article...
In August, Broward County's single-family house prices remained steady at the median price of $600K, while condo prices ↓ MoM to $275K.Single-family house prices in Broward County ↑ 7% yearly in August from a median of $562.5K.Condo prices in Broward County ↑ 4% yearly in August from $265K....
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