News / Features

Declining mortgage rates boost homebuyer demand

Homebuyer demand is rising as mortgage rates continue to decline, according to a new Redfin report.

Illustrated Properties to open new Palm Beach office

Anderson Ohman will serve as the manager of the new office and oversee the day-to-day operations. Renovations are expected to finish in early December. 

NAR: Pending-home sales slide for fifth consecutive month in October 

October’s 4.6% monthly drop follows a 10.2% decline in September, the National Association of REALTORS® reported. 

South Florida home sales to drop in 2023 while prices grow, Realtor.com projects

The projected year-over-year change in home sale transactions in the Miami-Fort Lauderdale-West Palm Beach region is -2%.

S&P CoreLogic Case-Shiller: Miami housing prices lose ground

Housing prices were down in all 20 cities tracked by the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index.

New-home sales post surprise gain in October as median price hits new high 

New-home sales rose 7.5% month over month, while the median price of a new house surged to $493,000 from $455,700 in September and $427,300 a year ago, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported.   

MBA: New-home mortgage applications fall in October 

The pace of new single-family home sales, meanwhile, fell 6.1% from September to 598,000. 

Miami ranks among best cities in the world

Miami came in at No. 52 in this year’s 2023 World’s Best Cities Report, a comprehensive annual study by Resonance Consultancy.

FHA allows borrowers to obtain private flood insurance

In the wake of this new rule, FHA borrowers will have a choice between federal flood insurance and private flood insurance.

Taylor Morrison launches Yardly build-to-rent brand 

The brand will specialize in cottage-style homes with private backyards. 

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