Latest real estate news and analysis tagged with affordability on realestatenews.news.
Despite slight declines in sales, tightening inventory and rising prices suggest a leveling market in Florida.
Florida has logged 11 consecutive months of year-over-year sales gains, with luxury sales and condo activity leading notable trends, according to Florida Realtors Chief Economist Dr. Brad O'Connor.
Pending home sales have dropped to their lowest level since April, with the daily average mortgage rate climbing to 6.85%. Yet buyers still hold negotiating power as sellers continue to outnumber active purchasers across most of the country.
Foreclosure listings reached their highest share of the market since 2020, with the median REO property selling at a 27.2% discount — giving budget-focused buyers a real but challenging path to savings.
Redfin’s January–February analysis ranks zip codes by listing-view growth and competitiveness. Land O’ Lakes is No. 1 and six Midwest suburbs placed in the top 10.
Mortgage-purchase applications and pending sales rose in late April as the average 30-year rate fell to 6.23%, improving affordability and drawing more sellers to market.
