In the South Atlantic division, which includes Florida, home prices rose 3.6% in July, according to the FHFA's seasonally adjusted monthly House Price Index.

Renters want off-street parking and in-unit laundry in their units, while happy hour, turfed pet areas and air filtration are also favorites.

Spanish translation of settlement forms are available for reference. Plus, NAR released a new guide to help consumers negotiate buyer agreements.

Florida leads in affordable new home construction, with smaller, lower-priced builds driving down costs and addressing the housing shortage.  

The average long-term rate fell to 6.09% from 6.20% last week and 7.19% a year ago, Freddie Mac said. Borrowing costs on 15-year fixed-rate mortgages fell to 5.15%.

Today’s webinar will cover the new flood disclosure and condo laws that take effect on Oct. 1, and Florida Realtors’ new and updated forms regarding these changes.

The inventory of unsold existing homes improved by 0.7% from the previous month to 1.35 million at the end of August, or the equivalent of 4.2 months’ supply.

New listings, inventory levels up YoY for both single-family homes and condo-townhouses. Single-family median price eased 0.8% YoY, condo-townhouse median down 4.3%.

Less than two months after receiving $100 million from the state Legislature, Floridians have reserved all available Hometown Heroes Housing program funds.

Monthly housing payments are down nearly $300 from April’s all-time high, but pending sales are still lagging. The Fed rate cut on Wednesday could help.