The Miami Condo Association Financial Cliff Investors Index™ indicates a troubling trend in the South Florida condo market, with increasing listings and decreasing pending sales since the start of 2025. Concerns are rising among investors and real estate agents due to high mortgage rates and lackluster sales, with predictions of a wave of condo foreclosures in March. Both the Vintage Condo Cliff...
Pending Sales
The Rider is converting reservation agreements to sales contracts. NAR's annual conference and expo is taking place in Boston. Pending home sales have reached their highest level since March. Tips are provided for selling homes that are reportedly haunted. The Case-Shiller index shows home prices reached an all-time high in August, though the rate of increase has slowed. OneWorld Properties has...
Pending home sales have dropped 6.9% in the last four weeks, marking the largest decline in nearly a year, despite a decrease in median U.S. housing payments. Many potential buyers are hesitant to enter the market due to uncertainty surrounding the new NAR settlement rules, high home prices, and upcoming election outcomes. Although mortgage-purchase applications have increased slightly, they remain down...