Florida Realtors®, formerly known as the Florida Association of Realtors®, serves as The Voice for Real Estate® in Florida. It provides programs, services, continuing education, research and legislative representation to its 115,000 members in 67 boards/associations.
U.S. new home sales rise despite higher mortgage rates
Commerce Dept.: New home sales rose 6.1% in Feb. to the fastest pace since July, up about 13% from a year ago. Builders also have ramped up new-home construction.
Realtor.com names top cities for millennials
Economic growth and relative affordability were top draws for the metros. Salt Lake City ranked first, followed by Miami and Orlando, Fla., as No. 2 and No. 3.
Average U.S. 30-year mortgage rate slips to 4.23%
Freddie Mac: Long-term mortgage rates are down from their highest levels of 2017. Last week, the 30-year FRM was 4.30%; the 15-year FRM was 3.50% and now is 3.44%.
5 smart reminders for your home sellers
Sellers may overlook some steps that can ease their stress. Realtor.com suggests that sellers should remember to clean everything and to test the doorbell.
Could rising mortgage rates be good for housing?
While higher rates make it more expensive for buyers, rising rates could also push fence-sitters into action and convince banks that they can approve more loans.