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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.
Today’s average rate on a 30-year home loan is just under 7%, not far from the historical average. Still, some homebuyers say they’re waiting for rates to drop.
The April NAHB/Wells Fargo HMI survey showed that 22% of builders cut home prices in April, down from 24% in March and 36% in December 2023.
The Florida Department of Agriculture’s finalized rules regarding foreign-buyer registration for agricultural property ownership took effect April 4.
Potential flippers should understand the process of home flipping before jumping in. Some of the common unknowns include the tax benefits.
A national survey showed 39% of consumers plan to move, and Florida is among the top destinations. About 13% prefer ranch-style homes.
Clint Strauch, president of Florida Peninsula Insurance, says the 2% average rate decrease shows the property insurance market is stabilizing.
Inventory is likely to rise this spring and throughout the summer on schedule with traditional seasonal trends. Buyers should target the late summer or early fall.
Fed policymakers need more confidence that inflation is steadily slowing to their target level before a rate cut. Interest rates affect mortgage rates.
Many new homeowners don’t realize the monthly payments on fixed-rate mortgages can go up and down depending on PITI – principal, interest, taxes and insurance.
All businesses – big and small – should have a flood plan as part of their financial plan. Preparation is one way to ensure your company will survive.
Read a special digital supplement of Realtor Magazine with important content that dispels misinformation and myths about the proposed settlement.
The average rate on a 30-year mortgage rose to 6.88% this week -- the highest level since early March. Rates on 15-year fixed-rate mortgages rose to 6.16%.
A JPMorgan strategist said 1.6 million new homes are under construction and housing completions in February hit their highest level in 17 years.
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