The number of homes on the market in the Sunshine State rose 23% year over year to a record high in January amid a decrease in homebuying, an influx of newly built homes for sale, intensifying natural disasters, and surging insurance costs and HOA fees. Florida ended January with 172,209 homes for sale—the highest inventory […]
Housing Inventory in Florida Just Hit the Highest Level on Record Read More »
That’s up from 15% a year ago. The typical U.S. homebuyer now puts down roughly $63,000, about $4,000 more than last year, because of a jump in home prices. About 31% of buyers are purchasing homes using all cash, down from about 34% a year earlier. 15% of mortgaged homebuyers are using FHA loans, and
The Typical Buyer’s Down Payment Is 16% of the Home’s Price Read More »
Condo prices are up 5% year over year in inland Florida, but down a respective 5% and 3% on Florida’s Gulf Coast and Atlantic Coast. Inland Florida tends to have newer condos, which haven’t yet had to comply with new rules that have driven up HOA fees elsewhere in the state. It also has less
Florida Condo Prices Are Holding Up Best Away From the Coast Read More »
The increase in purchasing power is modest, but along with a pileup of housing supply in some parts of the country, it marks an opportunity for buyers. A homebuyer on a $3,000 monthly budget can afford a $446,000 home with a 6.9% mortgage rate, roughly the daily average on February 21. That’s the lowest daily
Coastal Florida and Southern California dominate the list of the nation’s most expensive homes for sale. Half of the nation’s 10 most expensive home listings are in coastal Florida, three are in Southern California, one is in New York City and one is in Lake Tahoe. All are asking more than $100 million–and two are
Here Are the 10 Most Expensive Home Listings in the U.S. Read More »
The combined value of U.S. homes climbed to $49.7 trillion in 2024. The total value of homes owned by millennials grew to nearly $10 trillion, representing more than 20% of the U.S. market. Two upstate New York metros—Albany and Rochester—had the fastest growth in aggregate home value, while Florida metros grew more slowly. San Diego
U.S. Housing Market Gained $2.5 Trillion in Value in 2024 Read More »
