NE Fla. Home Prices Dip After Months of Increases
June prices increased less than past months, and in two NE Fla. counties – St. Johns and Nassau – the median home price decreased slightly in June.
July Consumer Confidence Down for Third Month
Consumers’ attitudes about their current situation – largely inflation – dragged down July’s numbers more than worries about the future.
New Home Sales Sink 8.1% in June
Builders 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.
Insurers’ Downgrades Delayed, Problems Averted
Insurer-rating firm Demotech says it changed direction and won’t lower property insurers’ ratings “until further notice,” easing concerns for homeowners and buyers.
S&P CoreLogic: Home Prices Up 20% in May
The 10-city and 20-city index showed a 19.7% year-to-year increase in May, a slight drop. Tampa (up 36%) topped the list for a third month with Miami (34%) at No. 2.
How Do Rich Buyers Choose a Luxury Home?
Most people buy the largest home they can reasonably afford, but upscale buyers have a “sweet spot” for size, future costs and the overall hassle of maintenance.