The median U.S. monthly housing payment has dropped to $2,534, the lowest since January, due to lower mortgage rates, yet pending home sales have decreased by 8.4% year over year. Many potential buyers are hesitant, waiting for further declines in mortgage rates or clarity on new NAR rules. While mortgage applications and home tours are increasing, the overall supply of homes for sale is also rising, as some homeowners are selling due to improved market conditions.
Existing Miami-Dade sales ↑~6% yearly in Early-Q2, marking an eighth straight monthly gain, with ~2.1K transactions across single-family homes and condos countywide. Single-family sales ↑~9%
Existing Miami-Dade sales ↑~6% yearly in Early-Q2, marking an eighth straight monthly gain, with ~2.1K transactions across single-family homes and condos countywide. Single-family sales ↑~9%
Here’s a quick update on Broward County’s real estate market. Homes are selling at a steady pace, with fewer properties changing hands than before. The
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