Home prices in the larger metro areas, including Miami, Jacksonville, Orlando and Tampa, are declining, creating new opportunities for buyers. 

Consumer sentiment hits its highest since April. Long-term business conditions have reached their highest optimistic point in almost four years.

A typical homeowner has accumulated $147,000 in housing wealth over the last five years. Prices remain on solid ground, NAR’s chief economist said.

If an HOA hires a contractor who then causes damage, the HOA shares the responsibility for addressing those damages. Take clear photos of the damages.

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%.

The Fed cut its key interest rate by 0.25%, lowering it to 4.6%, as inflation drops near its 2% target. Interest rates impact mortgage rates.

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.

Older adults who want to age in place have new technology that makes it easier, including smart home and medical management systems.

NAR released a new guide for first time buyers and a video series for Realtors related to the practice changes for the proposed settlement.

Demand for apartments remains strong, but high construction costs, financing challenges, land shortages and regulations will slow development in the coming months.