South Florida Home Sales Decline

South Florida home sales plunge as market cools

bizjournals bizjournals | 1 year ago

South Florida's hot housing market showed signs of cooling off as sales fell dramatically, according to the latest Florida Realtors report. There were 4,239 single-family home sales in the tri-county area during April. Transactions were down 20.8% compared to the same month a year ago. However, the median sales price continued to climb 19.8% to $575,000. The trend was similar statewide, as the number of single-family home sales fell 15.3% to 28,171 transactions, while the median sales price g...

South Florida home sales wilt as inventory surges

bizjournals bizjournals | 1 year ago

Home prices remained high even as inventory levels surged.

South Florida home inventory dwindles as cash deals dominate condo market

bizjournals bizjournals | 1 year ago

Cash deals made up more than half of condo/townhome transactions across the tri-county area in March.

South Florida home sales plummet over 25%

bizjournals bizjournals | 1 year ago

Prices have come down slightly from peak values.

South Florida home sales fall below pre-pandemic pace

bizjournals bizjournals | 1 year ago

Even sales of luxury homes have been caught up in the housing slowdown.

As the summer heats up, the vacation home market cools | Better Mortgage

better better | 1 year ago

Don't miss out on the benefits of owning a vacation property. Learn more about how to choose a vacation home that fits your needs, and why now may be the best time to purchase. Not available in all states. See better.com/about-us/licensing-disclosure.

As mortgage market cools, fraud risk heats up

In-depth analysis, data and st... In-depth analysis, d... | 1 year ago

As rising interest rates cool down the mortgage market, researchers warn the risk of mortgage fraud may be heating up.Risky loan applications have been trending up for the past year, rising 75% during 2021, according to the real estate analytics group CoreLogic, which compiles a quarterly index of fraud risk. As mortgage transactions fall and the balance of applications shifts from refinancing loans more toward purchases, that threat level is likely to jump in the months ahead, the firm’s he...

New Home Sales Plunge as High Prices and Rising U.S. Mortgage Rates Discourage Buyers

www.realtor.com www.realtor.com | 1 year ago

The numbers: Sales of new homes in the U.S. fell in April for the fourth month in a row to the lowest level since the pandemic owing to high prices and soaring mortgage rates. New sales slowed to a 591,000 annual rate from 709,000 in the prior month, the government said Tuesday. That’s how many homes would change hands in a full year if the number of sales were the same in every month as they were in April. Economists polled by The Wall Street Journal had forecast sales to take place at a 75...