According to the Mortgage Bankers Association, the median monthly mortgage payment for a purchase loan rose to an all-time high of $2,165 in May.

People need a roof over their heads, making “home” a life necessity – and also, on the side, a good investment. As a result, buying sooner is better than later.

Due to limited supply and strong demand, sales of rental housing for college students hit a record high of $22.9B in 2022.

Real estate is cyclical, and boom times are often followed by softer markets. Money saved for retirement offers temporary help, but follow rules and withdraw safely.

Storms rarely have a long-term effect on the local real estate market. Cape Coral-Fort Myers listings dropped for two months after Ian but rose for the six after that.

Google’s system could get listings and other ads in front of a wider – yet also targeted – audience of potential buyers and sellers.

HUD has $3.1 billion to spend on projects that help the U.S. homeless population, and it’s accepting funding requests until Sept. 28, 2023.

For the first time since last August, the average sale-to-list price ratio surpassed 100%, says Redfin, as low inventory and steady demand buoy home prices.

It’s a new high for 2023 and the second week of increases. It’s largely the result of higher 10-year Treasury Note yields as investors worry about inflation.

Homebuyers shouldn’t view today’s rates as temporary and postpone ownership. The housing crisis pushed rates lower for 11 years, but that won’t recur anytime soon.

The Dept. of Veterans Affairs says veterans are the most highly competitive buyers in today’s market: They have an average 722 credit score, 40% DTI and $54K to spend.

Fed members don’t think alike, and a handful disagreed with the choice to maintain current interest rates at their last meeting. They wanted a quarter-point hike.

A court case alleges the new law discriminates, and Fla. submitted a 59-page doc saying no – that it’s consistent with tradition and necessary to fight foreign influence.

UF’s June consumer sentiment saw an uptick to 69.3 from May’s 69.1, driven mainly by U.S. economic expectations. It’s the highest reading since Oct. 2021.

A number of real estate functions have many variables where artificial intelligence excels, such as home searches, transactions and productivity tools.

“The goal is not to take something in, foreclose and sell it,” it’s to work things out, deal with cooperative borrowers and “get them back to performing status.”

After Aug. 28, lenders must give FHA borrowers a Supplemental Consumer Information Form (SCIF) to identify language preferences and other buyer history.

In a time of rising housing costs, a fixer-upper offers more house for the money – but the iffy cost for renovations scares buyers already hurt by high interest rates.

A move-up buyer thinks renting out her older, smaller home might be a smarter option than selling. What should be considered for that kind of decision?

On July 1, a Fla. sales tax exemption period began for Energy Star appliances, but there’s no rush to buy: It runs for a full year, through June 30, 2024.