Despite higher home prices, the share of consumers who think it’s a good to time to buy increased to 20%. Those who think it’s a good time to sell declined to 64%.
Average rates on 30-year mortgages ticked up to 6.79% from 6.72% last week. Borrowing costs on 15-year fixed-rate mortgages rose to 6% from 5.99% last week.
Demand for apartments remains strong, but high construction costs, financing challenges, land shortages and regulations will slow development in the coming months.
Orlando, Tampa, St. Pete and Jacksonville are among the most veteran-friendly cities in U.S. across four categories: economy, employment, health and quality of life.
Treasury’s new rule expands foreign real estate oversight near U.S. bases including the Naval Annex in Okahumpka and Marine Corps Blount Island in Jacksonville.
High financing costs, geopolitics and AI innovations are among the most pressing topics facing real estate in the year ahead, the Counselors of Real Estate said.