Fannie Mae predicts that mortgage rates will fall below 6% in 2024
“According to Fannie Mae’s chief economist, 2024 is expected to be a better year for homebuyer affordability and the mortgage industry than 2023.” The analysts at Fannie Mae predict that the housing market will gradually return to a more balanced state by 2024, and that mortgage rates will end the year below 6%. According to […]
Mortgage rates decrease for the 9th straight week
Freddie Mac reports that mortgage rates have fallen to their lowest level since May. It also stated that the economy is steady with strong growth. The average long-term mortgage rate in the US dropped to its lowest point since May, marking the ninth consecutive week of decline. The average 30-year mortgage rate fell to 6.61% […]
Mortgage rates have hit 7.03%, resulting in a sixth consecutive drop
Freddie Mac’s chief economist says the 30-year fixed-rate loan needs to drop more, but the drop in rates to 7.02% is a welcome relief from last week’s average of 7.22%. Home loan financing costs have decreased as the average long-term US mortgage rate hit a four-month low, according to reports from Los Angeles. The average […]
US Households Require an Annual Income of $115k for a Median-priced Home
In Florida, median income varies across nine metros, ranging from $88.7K in Lakeland (up 13.4% YoY) to $143K in Miami (up 33.4% YoY). According to a report by Redfin, the median-priced U.S. home now requires an average household income of $114,627 to afford it. This is a 15% increase of $15,285 compared to the previous […]
Florida Surpasses New York in Average Home Values
According to a study, Florida has surpassed New York to become the second state with the highest housing values, following California. South Florida and Tampa were ranked in the “Top 20 Most Valuable Metros” list. The U.S. housing market grew by over $2.6 trillion in the past year due to rising home prices and new […]
According to the Today Show, Sarasota is ranked as the second most booming city.
According to the popular daytime television show “The Today Show,” Sarasota has been ranked as the second-best place to live in the United States. As per the ranking released on July 10 by Frances Katzen, a real estate broker with Douglas Elliman, Sarasota is one of the top five “booming” cities in the United States […]
Have a glance at the recently constructed $15 million park in Parrish. An aquatic center is next
Residents of the Parrish area can look forward to a new park that will soon be available. The park will feature several amenities that are intended to provide recreational and community gathering space, fulfilling a need that has been expressed by residents for several years. Recently, the Manatee Board of County Commissioners has given its […]
The Biggest Man-made Lagoon In The Us Opens Near Tampa, With Another Planned For Parrish.
A planned community comprising over 3,000 homes and potentially a hotel, centered around a 4.5-acre man-made lagoon, will be established in Parrish. Construction is currently in progress on the southern side of Moccasin Wallow Road,located approximately 1.5 miles east of Interstate 75, to develop a new community named Seaire (pronounced as “sea air”).The developer of […]
April Rents Edge Higher – But It May Be Seasonal
From March to April, asking rents for three-bedroom, single-family rentals rose 2.2% after months of slow price declines. But it may be just a normal seasonal increase. WASHINGTON – First, the bad news: After enjoying an all-too-brief lull in rising rents, single-family home rental (SFR) prices are once again trending upward. But according to Dwellsy […]
2 Fla. Cities in Top 10 for ‘Best Places to Live’
U.S. News & World Report for 2023-2024: Sarasota ranked No. 5 and Naples No. 6. Fla. cities landed 7 of the top 50 spots and 12 of the top 100 spots. WASHINGTON – U.S. News & World Report calls itself “the global authority in rankings and consumer advice.” That may be an overreach, but the […]
