11% of metros saw double-digit price increases in 3Q, even though buyers faced a one-year mortgage payment increase of 19.2%. In 2Q, prices rose in only 58% of metros. WASHINGTON – More than 80% of metro markets (182 out of 221) posted home price gains in the third quarter of 2023 when the 30-year fixed

NOVEMBER 6, 2023 Share this article: FacebookTwitterLinkedInPrintShare Home Offices Become Less Appealing to Homebuyers Buyer demand dropped after employers started recalling workers to the office, and words like “cloffice” and “Zoom room” are appearing in fewer listings. NEW YORK – The home office is losing potency as a selling point among today’s buyers, many of

What International Buyers are Looking for in the Florida Market A detailed look at where international clients originate and what they’re buying in the Sunshine State. Plus: A profile of the Florida international buyer. ORLANDO, Fla. – October 23, 2023 – Florida Realtors® has released its latest report on the state’s international buyer and seller

In 2Q 2023, Fla. remained a top go-to state, with the lion’s share relocating from New York, but Chicago provided more buyers for Cape Coral, No. 7 on the list. SEATTLE – A record one-in-four national homebuyers (25.5%) searched for homes in metros outside their current state in the in the second quarter, up from

Nationally it’s 13%, but in Fort Lauderdale it’s 28% – the highest in the U.S. In Miami, a first-time buyer needs to earn 25% more than they did a year ago. SEATTLE – A first-time homebuyer must earn roughly $64,500 per year to afford the typical U.S. “starter” home, up 13% ($7,200) from June a

MIAMI – If your retirement plan is a vision of luxury, maybe one of Florida’s wealthiest counties will catch your attention. Or maybe you want to live out your youthful days in one of those rich places. The wealthiest county of Florida’s 67 counties has a median home value of almost $1 million – almost

WASHINGTON – The National Association of Home Builders (NAHB) told Congress this week that government regulations and mandates supporting environmental, social and governance (ESG) policies impede the industry’s ability to increase production of quality, affordable housing. Testifying at a House Financial Services subcommittee hearing, NAHB Chairman Alicia Huey said a growing number of ESG policies

Survey: Most would-be buyers (55%) know it’s a really tough market right now, but a majority (54%) still plan to maintain current goals or speed up the buying process. CHARLOTTE, N.C. – Many hopeful homebuyers – especially those in their 40s and younger – are forging ahead with plans to buy homes despite believing the

A scam converts Airbnb listings into discounted “Home for sale” ads targeting first-time buyers. If a buyer asks to tour the home, the scammer rents it for a day to do so. PORTLAND, Ore. – Airbnb hosts in Oregon are warning of a new scam, saying that some guests could be using local Airbnb properties

The pandemic cut the number of foreign buyers traveling to the U.S., but the first wave is reappearing. A Miami condo has seen a 30% increase in Brazilian buyers. NEW YORK – Real estate insiders say they’ve seen a resurgence in foreign buyers to the U.S. market after the pandemic made them virtually nonexistent. Levels