Pending Home Sales Edge 0.7% Higher in May

By Kerry Smith NAR says May’s increase in pending home sales ended a six-month skid of declines, but despite the gain, “the housing market is clearly undergoing a transition.” WASHINGTON – Pending home sales crept higher in May, ending a six-month streak of declines, according to the National Association of Realtors® (NAR). Regionally, month-over-month results

Fla. Lawmakers Pass Insurance, Condo Reforms

In a special session this week, the Florida Legislature passed a roster of bills to ease problems in the state’s insurance market, including SB 2D, which Florida Realtors heavily supported. Lawmakers also took steps to improve the safety of condo buildings. TALLAHASSEE, Fla. – Florida lawmakers met this week in Tallahassee for a special session

Home Prices Continue to Rise

APRIL 27, 2022 Home Prices Continue to Rise 20-city price index: A 20.2% year-over-year gain in Feb; up from 18.9% in Jan. Tampa and Miami were in top 3 cities for highest rate of home-price growth. NEW YORK – The S&P CoreLogic Case-Shiller 20-city price index posted a 20.2% year-over-year gain in February, up from

In 2020, Homes Made More Money than Jobs

The median worker earned about $50K, and the average home made about $52.6K last year, according to Zillow’s home value index. NEW YORK – Zillow Group’s home value index climbed 19.6% in 2021 to $321,634 – a $52,667 year-on-year gain. That’s more than the median U.S. full-time worker earned for the 12 months – about