Real Estate

California accounted for four of the top five least affordable metros: San Jose, Los Angeles, San Diego, and San Francisco.

Virginia Beach and Washington saw the largest increases at more than 11 percent.

Almost 90 percent of U.S. metro home prices swelled in the third quarter.

Refinance activity has also taken a significant hit as rates have risen.

‘Renting is increasingly the only viable choice for many young people and families,’ Redfin senior economist Sheharyar Bokhari said.

Real estate experts have warned that government policies, such as higher stamp duty for second home buyers, may have an impact on demand.

Mortgage activity fell sharply last week as mortgage rates climbed to their highest levels in months.

The rental vacancy rates have gone up to the highest rate in five years.

‘With housing inventory back to early 2020 levels, first-time homebuyers should have plenty of options,’ the report states.

Mortgage applications have declined by 27 percent amid rising rates.

Today’s renters want more square footage, outdoor space, and parking.

Rising Treasury yields are sending mortgage rates to summertime highs.

Median monthly taxes in the Florida cities of Jacksonville and Tampa have surged by nearly 60 percent.

Many homeowners are tied to their properties by the ‘golden handcuffs’ of low interest rates, economists say.

Rates are expected to reach new highs in 2025.

A new housing report shows households spend over 40 percent of income on mortgages, with national rental vacancies hitting a record low of 1.6 percent.

Many homebuyers are opting for new construction to benefit from builder promotions.

Despite hurricane challenges, Florida’s real estate market remains resilient, driven by population growth, economic stability, and desirable coastal lifestyles.

The state’s peak real estate body has cautioned against making conditions too onerous for landlords citing the situation in New Zealand and Victoria.