Baby boomers account for 42% of all home buyers, while millennials fall to 29% (down from 38% from one year ago), NAR said. Multigenerational home buying is rising.
Fannie Mae forecasts mortgage rates at 6.3% by year-end 2025, boosting home sales slightly. Rates may drop further, encouraging more buyers off the sidelines.
Mortgage rates remain near 7%, frustrating some buyers who expected lower costs. Experts say waiting for a big drop may not pay off, as small declines are likely.
Florida rental prices fluctuate with seasons – rising in winter for snowbirds, dropping in summer. Renters can save by timing leases, while owners adjust for demand.
Many parents help cover rent and home purchases as young adults struggle to afford living independently. About one-third of 18- to 34-year-olds still live at home.
The curse of too much matching can result in a bland, monotone space that risks becoming quickly forgettable. Add pops of texture color for more pizazz.
Nearly 3 in 4 first-time buyers feel optimistic about the market, though many worry about affordability, interest rates and inflation, a new survey finds.
Builders are using innovations like 3D printing, modular homes and hempcrete to address the housing shortage, aiming to reduce costs and speed up construction.