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Florida Real Estate News – Average mortgage rates rise above 4%

Florida Real Estate News – The average 30-year mortgage was 4.03% this week, passing the psychologically noteworthy level of 4% for the first time since May. Mortgage rates surpassed the psychological 4% mark for the first time since May as it increased seven basis points. “After fully absorbing the sharp increases in Treasury yields over the past couple of weeks, the 30-year mortgage rate has cleared the psychologically important 4% mark for the first time since May,” Freddie Mac Chief Economist Sean Becketti said. Click to Enlarge (Source: Freddie Mac) The 30-year…

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Florida Real Estate News Newhome sales rise 2.9% in May

Florida Real Estate News – New-home sales rise 2.9% in May WASHINGTON – Sales of newly built, single-family homes in May rose 2.9 percent to a seasonally adjusted annual rate of 610,000 units after an upwardly revised April reading, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. “We are seeing solid overall growth in new-home sales this year,” says Granger MacDonald, chairman of the National Association of Home Builders (NAHB). “Sales are up more than 12 percent from this…

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Florida Real Estate News – Home price rise strongest in nearly three years

Florida Real Estate News – SandP CoreLogic Case-Shiller: U.S. home prices rose 5.8% annually in March as the pace of increases accelerated in 2017. From 2014-2016, they hovered around 5%. Home prices rise at strongest pace in nearly 3 years Buying a new home can be very overwhelming, especially if it’s your first one. These six tips – like getting extra inspections and researching your neighborhood beforehand – can help simplify the process. What are your best tips for new homeowners? Time These are heady days for American home sellers,…

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Florida Real Estate News – Dec. home prices rise at fastest pace in a year

Florida Real Estate News – Dec. home prices rise at fastest pace in a year U.S. home prices rose in December from a year earlier at the fastest pace in 11 months, as prospective buyers bid against each other for a limited supply of available property. The Standard & Poor’s CoreLogic Case-Shiller 20-city home price index, released Tuesday , increased 5.6 percent, the most since January 2016. The price gain reflects the healthy pace of home sales, which increased in January to the fastest level in a decade. Steady job gains…

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Florida Real Estate News – Home prices rise 5.3% amid solid demand tight supply

Florida Real Estate News – US Home Prices Rise 5.3 Pct. Amid Solid Demand, Tight Supply U.S. home prices marched steadily higher in November, pushed up by healthy demand for homes and a shrinking supply of available properties. The Standard & Poor’s CoreLogic Case-Shiller 20-city home index, released Tuesday , rose 5.3 percent, slightly faster than October’s gain of 5.1 percent. So far, home sales have remained healthy even as mortgage rates have risen, suggesting homebuyers are trying to lock down purchases before rates increase further. Americans bought existing homes…

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Florida Real Estate News As home prices rise many people can’t find a place they can afford MyPalmBeachPost

As home prices rise, many people can’t find a place they can afford – MyPalmBeachPost MyPalmBeachPost As home prices rise, many people can’t find a place they can affordMyPalmBeachPostJust 57.7 percent of homes sold in Palm Beach County in the second quarter were affordable to a median-income family, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index. That was the lowest level since 2008. and more& »

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