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The average 30-year mortgage rate fell to 6.48%, while rates on 15-year mortgages fell to an average of 5.79%. When mortgage rates decline they give homebuyers more purchasing power.
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Lawmakers approve a constitutional amendment that seeks to reshape Florida's property tax system. It must be approved by Florida voters during the November general election.
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Industry professionals said highly personalized upgrades and DIY projects often fail to deliver the resale boost sellers expect and may delay a home from reaching the market.
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Florida lawmakers begin a special session today to consider Gov. Ron DeSantis' proposal to expand the homestead exemption and establish a path toward eliminating property taxes on primary residences. If approved by lawmakers, the constitutional amendment would go before…
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A new survey found many Americans misunderstand what standard homeowners and auto insurance policies actually cover, including flood damage, rebuilding costs and common exclusions. For Realtors, the findings underscore why insurance literacy should be part of affordability…
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New pending sales of single-family homes in Florida rose 8% year over year in April, a sharp increase that Florida Realtors Chief Economist Dr. Brad O’Connor said could signal continued closed-sales growth into May and June.
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The latest revenue report reached $3.97B – 1.5% above expectations, signaling the state’s economy is holding steady, which helps support buyer confidence.
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Ending a 3-week slide, it’s up from 6.23% last week, but lower than the 6.76% a year ago. The 15-year FRM rose to 5.64%; it was 5.58% last week and 5.92% a year ago.
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Housing production bounced back in March as builders increased starts despite headwinds. Overall starts rose 10.8% to a seasonally adjusted pace of 1.5 million.
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Consumers’ income expectations were slightly more optimistic and their perceptions of the labor market improved, but otherwise little else changed from March.
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Safety, efficiency and modern design are driving bathroom updates. Even small upgrades can boost appeal, cut costs and help homes stand out to buyers.
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Rates on 30-year mortgages dropped to 6.3% from 6.37% last week, and 15-year rates also eased, from 5.65% from 5.74% last week, Freddie Mac said.
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