In the third quarter of 2023, over 80% of metropolitan markets (182 out of 221) experienced increases in home prices, as reported by the National Association of Realtors® (NAR). This occurred during a period when the 30-year fixed mortgage rate fluctuated between 6.81% and 7.31%. According to the latest quarterly report, double-digit price growth was […]
Buying A Home Is Stressful Says New Study
A recent Qualtrics study commissioned by Redfin indicates that U.S. homebuyers find the process of purchasing a home to be more anxiety-inducing than dating. Redfin’s Chief Economist, Daryl Fairweather, commented on the findings, stating, “While getting ghosted by a date can be stressful, buying a home in today’s market introduces a unique set of anxieties. Rising housing […]
Florida Becomes 2nd Most Valuable Real Estate Market
According to Zillow, Florida has now taken the second spot in the U.S. housing market, surpassing New York. This shift is largely attributed to Florida’s rapid population growth during the pandemic, which caused the state’s real estate market to surge from about $2 trillion in January 2020 to $3.8 trillion in June. Having Florida 2nd […]