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The US real estate market has been unpredictable for a while. After the pandemic upended the country and saw prices skyrocket in the countryside but plummet in historically High Cost of Living Areas only to flip again soon after, we now are facing a different kind of turmoil. High inflation and high mortgage rates have […]
SEATTLE, WA — Texas and Florida metros are emerging as top contenders for homebuyers, securing seven of the top 10 spots in Zillow’s new market heat index. However, the broader U.S. market continues to favor sellers, according to the latest report from Zillow. “Prospective buyers in most markets today are feeling less intense competition than […]
It’s official: New York City has its tightest housing market in 50 years, and the affordability crisis facing middle-class New Yorkers has reached historic proportions. A quarter of the city’s tenants spend more than half of their income on rent. And with significant increases in both interest rates and home prices, a family now needs […]
LOS ANGELES, CA —Home sales in Southern California and across the state rebounded last month, while the statewide median home price exceeded $900,000 for the first time ever, according to figures released Friday by the California Association of Realtors. Unadjusted raw sales increased on a year-over-year basis, with the Central Coast rising the most from […]
Home prices in California reached a new record high in April as sales increased despite elevated mortgage rates and the state’s seemingly insurmountable housing shortage. The median price of a single-family home climbed to $904,210 last month, nearly 6% higher than March and 11% above April 2023, according to data released on Friday by the […]
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The Florida housing market has always been a topic of interest for buyers, sellers, and investors alike. With its sunny beaches, vibrant cities, and booming tourism industry, the real estate market in the Sunshine State has seen significant growth over the years. However, with any market experiencing rapid growth, there comes the question of sustainability […]
Initial claims for unemployment benefits in the U.S. fell last week, indicating ongoing strength in the U.S. labor market despite recent fluctuations. According to data issued by the Department of Labor on Thursday, new jobless claims decreased to 222,000 for the week ending May 11, down from 232,000 the previous week, reflecting a broader trend […]
High Mortgage Rates Drive Down Florida Down Payments as Sellers Flood Market In the first quarter of this year, the Palm Bay-Melbourne-Titusville area saw the median down payment on a home plummet nearly 41%, roughly $12,000, compared to the same period last year. Similarly, Ocala, a north-central city, experienced a more than 51% fall, amounting […]
High Mortgage Rates Drive Down Florida Down Payments as Sellers Flood Market In the first quarter of this year, the Palm Bay-Melbourne-Titusville area saw the median down payment on a home plummet nearly 41%, roughly $12,000, compared to the same period last year. Similarly, Ocala, a north-central city, experienced a more than 51% fall, amounting […]
In the first quarter of this year, the Palm Bay-Melbourne-Titusville area saw the median down payment on a home plummet nearly 41%, roughly $12,000, compared to the same period last year. Similarly, Ocala, a north-central city, experienced a more than 51% fall, amounting to close to $9,000 less in down payments, while the Naples-Marco Island […]
Miami has an Extreme Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Miami is most at risk from hurricanes. 67,494 properties in Miami have some risk of being in a severe wind event within the next 30 years. Wind likelihood over time If an […]
The GWI reports that wellness real estate surged from US$225 billion in 2019 to US$438 billion in 2023, with 18.1 per cent annual growth The findings come from the GWI’s latest research paper – Wellness Real Estate: Market Growth (2019-2023) and Future Developments – which indicates wellness real estate is the fastest-growing segment in the […]
