Florida Surpasses National Median Sale Price

For the first time in state history, the median sale price for Florida exceeded that of the national number and has stayed there for several months.
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The delay in lowering interest rates is having a significant implication on the economy and housing. Mortgage rates are tied to interest rates.
Read More More Homeowners Required to Buy Flood Insurance

Borrowers with federally backed mortgages in parts of South Florida, and soon all Citizens customers, must buy flood insurance.
Read MoreImpact of Fed's Rate Pause on Buyers and Sellers

The Fed's rate hikes have slowed the housing market, but home prices remain near record levels because home values are not driven just by interest rates.
Read MoreBond Rally Could Offer Help for Buyers

Rising bond prices have pushed down treasury yields, which can ultimately drive down mortgage rates. But some investors say the relief could be short lived.
Read MoreWhat Amenities Do Luxury Homebuyers Want?

More than half of luxury homebuyers would be unlikely to make an offer on a home with an outdated kitchen. They want kitchen islands and upgraded appliances.
Read MoreConsumer Sentiment Sees Slight Declined in June

Early results from the University of Michigan’s consumer sentiment index show sentiment is currently about 31% above the trough seen in June 2022.
Read MoreDeSantis Signs Condo Board, Association Bill

A new law requires condo board education and gives the state more investigative powers to tamp down on abuses of power and other provisions.
Read MoreMLS, Brokerage Reminder: Settlement Opt in Today

Today (June 18) is the deadline for MLSs and brokerages to opt in for the NAR settlement. Read the important instructions below.
Read MoreRelief in Sight for Florida Homeowners

The Florida Office of Insurance Regulation (OIR) reported a downward trend in requests for homeowners’ insurance rate increases, and Citizens policies are decreasing.
Read MoreOpinion: Strategies to Grow Black Homeownership

Some strategies to close the racial gap in homeownership rates include down payment assistance and federal housing programs for Black descendants of slavery.
Read MoreSteps to Take Before Every Listing Appointment

Learn as much as you can about the owner and home before the first meeting and make sure you know all of the local market trends.
Read MoreFlorida’s Market Making Housing More Affordable

A Redfin survey found some Florida cities have increasing inventory, including new construction. Experts say it’s combatting the affordability crisis.
Read More25 Things That Never Belong in a Bathroom

Interior designers said the goal in bathroom design is balance, function and timelessness. Avoid anything that will make it look cheap.
Read MoreMost Attractive Cities for Residents Over 60

Florida saw more than three times the influx of retirees than any other state. Many are moving to the St. Pete area.
Read MoreFlorida Millennials See Above Average Home Prices

In Florida, the median home purchase price for millennials is $435,000, with median home values for all buyers at $425,000.
Read MoreTurning Renters Into Homeowners

Both renting and homeownership have advantages. However, renters never see a return on their monthly payments, but homeowners build equity over time.
Read MoreDeSantis Signs 2024-2025 State Budget

The new budget includes significant funding linked to Florida Realtors' legislative priorities, including $100 million for the Hometown Heroes Housing Program.
Read MoreMortgage Rates Ease for Second Straight Week

The average rate on a 30-year home loan fell to 6.95% from 6.99% last week. Rates on a 15-year-rate mortgage fell to 6.17% from 6.29%.
Read MoreFlorida Realtors Disaster Relief Fund Opens

A tropical disturbance caused flash floods in South Florida. The disaster relief fund is available to Realtors, Realtor boards/associations and their staff.
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