Fla.’s July Housing: Prices Up, Inventory Improves
Florida Realtors: Higher mortgage rates still a factor; single-family home median price at $415K, 2.8 months’ supply. Condo median price at $319K, 3.6 months’ supply.
NAR: July Home Sales Dip 2.2%
In a year-to-year comparison, sales dropped 16.6% even as prices rose 1.9% to $407K – only the fourth month ever over $400K. Inventory increased 3.7%, however.
Why You Don’t Need To Fear the Return of Adjustable-Rate Mortgages
If you remember the housing crash back in 2008, you may recall just how popular adjustable-rate mortgages (ARMs) were back then. And after years of being virtually nonexistent, more people are once again using ARMs when buying a home. Let’s break down why that’s happening and why this isn’t cause fo
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