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

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. 

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

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

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 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.   

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

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

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

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