Real Estate

Florida Leads U.S. Boomtown Rankings

NORTH PORT, Fla. — The city of North Port is the third biggest "boomtown" in the United States, according to LendingTree. North Port, now with a population of 95,000, ranked sixth in LendingTree's previous similar study. Florida Real Estate: What's Coming Next? Join Florida Realtors® Chief Economist Dr. Brad O'Connor and General Counsel Juana Watkins on Tuesday, Aug. 26, at 3:30 p.m. to learn...

EXISTING-HOME SALES TICK DOWN AS SPRING MARKET SLUMPS

Existing-home sales slowed in April, according to the National Association of REALTORS®’ (NAR) latest report. Sales dipped in the Northeast and West, grew in the Midwest and were unchanged in the South. Year-over-year, sales declined in three regions and remained steady in the Northeast. Total existing-home sales—completed transactions that include single-family homes, townhomes, condominiums...

A DIP AFTER A SURGE FOR MORTGAGE APPLICATIONS THIS WEEK

The roller-coaster effect on home purchase applications continued this week, which saw a slight dip after a big surge the previous week. Mortgage experts continue to point to economic volatility as the reason for the ongoing fluctuations.  According to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association (MBA) for the week ending June 13, the Market Composite...

THE HOUSING CRISIS DEMANDS ACTION—HERE’S A BLUEPRINT

As communities across America grapple with a housing affordability crisis, policymakers face a clear choice: Pursue proven solutions that boost supply, or let barriers to homeownership grow unchecked. The latest Policy Pulse survey from the National Association of REALTORS®(NAR) reveals what REALTORS® on the front lines already know: Practical, pro-growth housing policies will make it easier to...

Why You May Want to Consider St. Lucie as Your Next Move

Has St. Lucie County, Florida, ever crossed your mind? There are many great reasons to live in St. Lucie County, Florida. Many people around Florida and the Nation have sought this Treasure Coast gem of land to lay their roots and call home.  According to the St. Lucie EDC, there are over 352,000 residents in the county. Since 2014, the county has seen the population increase by 60,000 people. The...

PENDING HOME SALES RISE AFTER 3 MONTHS OF DECLINE

In June, pending home sales saw a spike, rising 4.8%, according to new data released by the National Association of REALTORS® (NAR)—a turnaround from three consecutive months of decline. Mortgage rates “fell through the month, dipping below 7% and continuing to fall to 6.86% by the end of the month,” explained Realtor.com® Sr. Economic Research Analyst Hannah Jones in a statement. And,...

Sustainable Spaces: Patios and Decks

Experts say a home’s eco-friendly features—and their selling points—can extend to outdoor spaces. Consider a rainwater harvesting system, among other things.  CHICAGO – Real estate professionals nationwide have reported that home buyers are increasingly curious about houses’ eco-friendly features. When considering a home’s environmental friendliness, it’s natural to think first of...

Florida Downtowns Named Top Places to Visit

World Atlas, one of the largest geography resources, named eight Florida downtowns as the best in the state. MIAMI – What makes a downtown great? In South Florida, whatever Key West and Palm Beach have to offer is on tap downtown. That’s according to World Atlas, which named both places to its list of cities with the best downtown areas in the state. “For those looking for something...

Buyer Opportunities: Rates Fall, Supply Rises

Homebuyers on a $3,000 monthly budget have gained over $20,000 in purchasing power since mortgage rates peaked in the spring, Redfin found. SEATTLE – A homebuyer on a $3,000 monthly budget can afford a $447,750 home with a 6.85% mortgage rate, the daily average as of July 11, according to a new report from the real estate brokerage Redfin. That buyer has gained $22,500 in purchasing power since...

Florida Leads in Housing Boom to Ease Shortage

Florida is one of six states that significantly added to the nation’s housing supply and one of five that saw a 6% growth in housing units. WASHINTON –The United States has added almost 5 million housing units since 2020, most heavily in the South and most of them single-family homes, making a housing shortage look conquerable in much of the nation. Still, even more homes need to be built,...

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