Florida Realtors Chief Economist: “A new year usually brings with it a revival in the rate of homes being listed for sale; it certainly was the case this January.”
Fed officials want more progress on managing inflation before further rate cuts. The pause means borrowing costs, including on mortgages, will remain stagnant.
The U.S. median existing-home sales price advanced 4.8% from January 2024 to $396,900, the 19th consecutive month of year-over-year price increases, NAR said.
A week earlier, the state’s insurer of last resort had 942,810 policies. Citizens’ policies are expected to decrease soon due to more depopulation efforts.