- The average rate on 30-year mortgages fell to 6.64% from 6.65% last week while rates on 15-year mortgages went down to 5.82% from 5.89%.
- Renovating a kitchen boosts home value, with a possible 60% ROI. Costs range from $71K to $137K, depending on materials, design and location.
- In real estate, prioritize quality leads. Look for motivated sellers facing life changes or financial issues. Use CMAs, pricing insights and targeted marketing for success.
- Scammers develop a wrong number text into friendly chats, gaining trust before asking for personal information and money.
- Colorado State University forecasters expect 17 named storms, 9 of which will become hurricanes, with 4 reaching major hurricane strength.
- Pending sales fell, price cuts hit a record and inventory grew, but supply remains below pre-2020 levels as buyers tread carefully amid economic concerns.
- The median U.S. home price is $412K, requiring 10 workdays per month to afford. In Florida, it’s 11 days. Midwest buyers need a week or less.
- Millennial buyers say they want a home with a median of 2,408SF, the most requested amount of interior space compared to other generations
- The insurer also agreed to pay $4M in fines and update its policies after the attorney general's investigation found fraudulent reimbursement claims.
- Homeownership is possible without family gifts. Focus on your own goals, build a support team, explore down payment programs and get creative with financing options.
- The decline, in line with national sentiment, was particularly pronounced among Floridians with an annual income over $50,000, a UF study found.
- Fannie Mae forecasts mortgage rates at 6.3% by year-end 2025, boosting home sales slightly. Rates may drop further, encouraging more buyers off the sidelines.
- Mortgage rates remain near 7%, frustrating some buyers who expected lower costs. Experts say waiting for a big drop may not pay off, as small declines are likely.
- Florida rental prices fluctuate with seasons – rising in winter for snowbirds, dropping in summer. Renters can save by timing leases, while owners adjust for demand.
