Some of the priciest home in Florida are located in the south, ranging from $1 million to nearly $10 million. Take a look at where they are.

The average rate on a 30-year mortgage rose to 7.1%, the highest level since late November. The average rate for 15-year fixed-rate mortgages rose to 6.39%.

Making a big purchase, like a home, requires financial knowhow that’s not often taught in school. Learning the basics can help avoid poor decisions.

Single-family median sales prices are up 3.9% over March 2023 and new listings increased 7.7%. The condo-townhouse median prices increased 3.1%.

Home sales fell in March with rising mortgage rates, analysts said. The supply of homes on the market remains below the historical average.

Renovations can increase a home's value and make it a more comfortable living space. One of the signs it's time to renovate could be the age of the home.

The state purchased land, some previously slated for development, in Collier and Polk counties to protect links to conservation areas.

The average Florida home value doubled in six years. Tampa and Miami tied for having the third-fastest price doubling among large U.S. cities.

Researchers said rent prices nationwide are becoming more balanced. In some areas of Florida, rental costs have declined slightly.   

With mortgage rates hovering in the 6% to 7% range, many new buyers are looking for creative ways to save money. Temporary buydowns may be the answer.

Don’t jeopardize your chances of getting your dream home after getting preapproved for a mortgage by taking out new lines of credit or other missteps.

If inflation continues, long-anticipated interest rate cuts may not happen this year, the Federal Reserve chair said. Interest rates influence mortgage rates.

One economist said gas prices likely contributed to the decline. Most expect consumer spending to remain healthy as long as the job market holds steady. 

A U.S. District Court judge ruled against Florida’s Department of Environmental Protection’s attempt to retain authority over wetland permitting

Fannie Mae and Freddie Mac issued guidance regarding allowable interested-party contributions in light of the proposed Sitzer-Burnett verdict settlement agreement.  

New home construction starts fell 14.7% in March and overall permits are down by 4.3%. Headwinds will likely persist through April, analysts said.

Homebuyers are increasingly using gift cards as a substitute for credit cards or cash, including when saving for a down payment.

Data from Niche shows counties in northern Florida and the Panhandle lead the state in affordability related to cost of living.

Creating a ‘know-like-trust’ relationship with clients takes effort but allows them to move forward with confidence, real estate pro Jimmy Burgess said.

A cut in the state’s commercial lease sales tax, from 4.5% to 2.0%, will begin on June 1, weeks earlier than originally expected.