FHFA: U.S. 2Q Prices Up 17.7% – But Over 26% in Fla.Of 100 metros tracked by government-backed mortgages, 8 Fla. cities hold top-11 spots, with Sarasota-Bradenton (up 36.5%) and Cape Coral-Fort Myers (36.0%) at the top. …continue
FHFA: U.S. 2Q Prices Up 17.7% – But Over 26% in Fla.Of 100 metros tracked by government-backed mortgages, 8 Fla. cities hold top-11 spots, with Sarasota-Bradenton (up 36.5%) and Cape Coral-Fort Myers (36.0%) at the top. …continue
Study: 80% of Buyers Compromise on PrioritiesA study of recent homebuyers found 1 in 4 (22%) unsatisfied with the experience: 30% went over budget and 20% bought in a less-desirable neighborhood. …continue
80% of Metros See Double-Digit Price Gains in 2QNAR: Median home prices in the second quarter were up 14.2%, but Fla. saw bigger gains. Of the top 10 U.S. metros for home-price increases, Fla. had 7 ranking cities.
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NAR’s Yun: Any Economic Downturn Likely MildThe chief economist pointed to signs of a recession – and signs that suggest no recession. At the least, he says, the latter should block a major economic slowdown. …continue
New Home Sales Sink 8.1% in JuneBuilders say it’s the lowest level since the start of the pandemic (April 2020), with buyers priced out due to high interest rates and ongoing building and development costs. …continue