RE Trends: What’s Driving Fla. Buyer Demand?
2022 Real Estate Trends: Millennials are prime homebuyers for years to come and interest rates will rise. This year’s wild cards? Inflation and unexpected virus variants.
30-Year, Single-Family Mortgage Rate Tops 3.5%
Rates had a notable uptick again this week to 3.56%, pressured by inflation and Fed plans to raise interest rates. A year ago, the 30-year FRM averaged 2.77%.
New Condo Lending Rules Affect HOAs, Buyers, Sellers
Fannie Mae’s new condo loan rules require lots of documentation, but what if an HOA doesn’t have it? And who pays the higher fee for reams of paperwork?
2021 Fla. Housing Market: Strong Gains Despite COVID
Florida Realtors’ Dec., 4Q and 2021 data: Year-end single-family sales up 12.9%, median prices up 20% ($348K); condo sales up 34.2%, prices up 17.2% ($252K).
NAR: 2021 Existing-Home Sales Highest Since 2006
Dec. sales rose 8.5% year-to-year but fell 4.6% month-to-month. NAR economist calls it “a sign of supply constraints” rather than “weakened demand for housing.”
House Not Finished Yet? Buyers Still Move In
Supply-chain problems have led to some new-home buyers moving in before completion, even as many builders order supplies months earlier than they once did.