Mortgage Rates Fall to Lowest Level Since October
The average rate on a 30-year mortgage fell to 6.26% from 6.35% last week. Borrowing costs on 15-year fixed-rate mortgages slipped to 5.41% from 5.5%.
NAR: Realtors Embrace AI, Digital Tools
AI and digital tools like eSignature, social media and drones are increasingly used in real estate, with clients responding positively, NAR finds.
Insurers Get OK for Citizens’ Policies
Ten insurers have been approved to assume up to 254,811 policies from Citizens under the depopulation program, aimed at shrinking the insurer of last resort.
Inside the World of Smart Home Devices
Smart thermostats, appliances, lighting, and digital assistants make home automation easy, letting you control temperature, lights, and more remotely.
Fed Cut May Slowly Ease Mortgage Costs
Mortgage rates have already dipped in anticipation of the Fed’s first rate cut since December. Further declines are expected to unfold over time.
Fed Cuts Rates, Signals Two More in 2025
The Federal Reserve cut its key rate to 4.1% and projected two more cuts this year as job growth slows and unemployment ticks higher.
Florida Buyers See Late-Fall Advantage
Realtor.com’s report shows the U.S. market peaks Oct. 12–18 for buyers, while Florida’s best deals arrive late Oct.–Dec. with more listings and lower prices.
Florida Housing Holds Steady Amid Market Pressures
At the Florida Realtors Convention, Chief Economist Brad O’Connor said home sales remain slightly below last year while prices stay well above pre-pandemic levels.
August Housing Starts Slip Amid Cost Challenges
U.S. housing starts fell 8.5% as affordability slowed single-family construction, but lower interest rates may boost future building.
‘Quiet Luxury’ Is Coming for the Housing Market
Wealthy buyers are opting for homes that balance convenience, style, and investment value rather than size and can be purchased in cash.