Looking for the perfect place to call home in South Florida? Whether you’re a luxury buyer looking for the ultimate in high-end living or a family looking for a safe and affordable community, there are plenty of options available in …
BROWARD HOUSING INVENTORY RISES, SUPPLY REACHES 2.5 MONTHS
Just in! August 2022 released from Florida Realtors® detailing recent real estate activity in Broward County. The reports compare year-over-year data. Here are statistics on single family homes. A recent report shows that Broward County is one of the most …
Mamma Mia! ABBA’s Fla. Vacation Home for Sale
For slightly less than $4M, one ABBA fan can own a piece of history. The Swedish Longhouse style Gulf Coast home duplicates the same design in a mirror style.
Fair Housing: Problem Ran Deeper than Redlining
Discrimination tends to find loopholes. In the 1960s, Blacks bought homes using a land contract – but sellers held the deed and could evict for one missed payment.
Fla. Town Considers End to Single-Family Zoning
Is single-family zoning good or bad? It’s a hot issue, but affordable-housing advocates says it’s one of the problems, and Gainesville might nix it altogether.
80% of Metros See Double-Digit Price Gains in 2Q
NAR: Median home prices in the second quarter were up 14.2%, but Fla. saw bigger gains: Of the top 10 U.S. metros for home-price increases, Fla. had 7 ranking cities.
Mortgage Rates Switch Direction, Rise to 5.22%
Last week, mortgage rates dropped below 5%; this week, they changed direction. One year ago, the average 30-year, fixed-rate mortgage averaged 2.87%.
Inflation Slows in July – But It’s Still High
Year-to-year, U.S. prices rose 8.5% in July compared to 9.1% in June. Most of that savings – though not all – resulted from falling gas prices.
Average Cost for a One-Bed Apartment? $1,769
Rent.com: $1,769 is a 39% year-to-year increase. The nationwide average monthly cost for a two-bedroom rental in August is $2,105, a 38% increase year-to-year.
More Listings Gives RE Market Time to Breathe
Buyers, sellers and Realtors feel less pressure as bidding wars decline, listings remain on the market more than a week, and open houses no longer generate waiting lines.