The construction slowdown came from a 28% plunge in multifamily building starts. Groundbreakings for single-family homes rose 2.9%. Source: Florida Realtors
Mortgage rates fall for the first time this year
The average rate on a 30-year FRM slipped to 4.44% from 4.46% last week due, in part, to a government report that inflation pressures may be easing. Source: Florida Realtors
NAR study: Millennials buying the most homes
Millennial purchases ticked up year-to-year, but a tight inventory and higher costs subdued activity, and forced many to keep living in their parents’ basements. Source: Florida Realtors
Some buyers will lose out if they don't act now
Every marginal increase in mortgage rates makes homeownership unaffordable for a few more buyers, so it’s now-or-never for some families. Source: Florida Realtors
NAR: Fair housing should remain a primary HUD mission
HUD might change its mission statement to remove “antidiscrimination language.” Sec. Ben Carson, who has led the charge, also wants to add “self-sufficiency.” Source: Florida Realtors
Mortgage rates climb to 4.46% – a 4-year high
The cost of a loan continues to rise on the brink of the traditional spring home buying season, and buyers will now confront higher borrowing costs. Source: Florida Realtors
Top commercial real estate concern? Rising rates
Commercial executives are braced for multiple rate increases throughout the year, and they see that higher cost of borrowing as a top challenge in 2018. Source: Florida Realtors
How many Puerto Ricans moved to Fla. after Hurricane Maria?
A look at school enrollment data, change-of-address forms and Puerto Rican FEMA claims submitted from Fla. provide an estimate of post-storm mobility. Source: Florida Realtors
U.S. Senate makes few moves on flood insurance overhaul
March 23 is the deadline to reauthorize NFIP, and with few signs of consensus, it looks like Congress will punt again when it comes a flood insurance deal. Source: Florida Realtors
Pending home sales drop 4.7% in Jan.
A lack of homes for sale and an increase in average mortgage rates caused the number of homes under contract to drop to its lowest level in over three years. Source: Florida Realtors
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