Housing & Real Estate Archives - Page 29 of 42

Home for sale with a sign with written FOR SALE in front of a house real estate sales concept

April pending home sales fell to the lowest April reading on record — as 6.53% mortgage rates and the $417,800 median existing-home price squeezed first-time buyers out of the market

David Keller3 months ago3 months ago09 mins

First-time homebuyers hoping to break into the market this spring ran into a wall. Pending home sales in April dropped to the lowest April reading on record, driven by a 6.53% average mortgage rate and a median existing-home price near $417,700. The combination of elevated borrowing costs and sticky home values has effectively priced out…

Aerial view of destroyed house roof and walls damaged of hurricane in Florida Natural disaster and its consequences

Hurricane season starts tomorrow — Florida’s state-backed Citizens now drops wind coverage on any home insured above $400,000 that doesn’t carry federal flood insurance

Warren Cohen3 months ago3 months ago012 mins

Hurricane season opens June 1, 2026, and an unknown number of Florida homeowners with properties valued at $400,000 or more will enter it without wind coverage from the state’s insurer of last resort. The reason: they have not purchased a flood insurance policy, which Citizens Property Insurance Corporation now requires as a condition of providing…

a house under construction with the roof ripped off

April new home sales slumped to 622,000 — the slowest pace since 2022 — as builders sit on 9.4 months of unsold inventory and 32% of builders kept cutting prices in May

David Keller3 months ago3 months ago010 mins

Across Sun Belt subdivisions from suburban Dallas to the outskirts of Orlando, finished homes are sitting on lots with no buyers in sight. The April New Residential Sales report, published jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, put the damage in numbers: new home sales fell to a…

Couple looking each other while holding keys

First-time homebuyers are now putting down a median 10% — the highest in nearly 40 years — and saving for it takes the average buyer 7 years

Warren Cohen3 months ago3 months ago014 mins

A couple starting to save for their first home today, earning the national median income and setting aside money at the average American savings rate, will not have enough for a down payment until 2033. That is the core finding of a May 2025 analysis from Realtor.com: seven years of disciplined saving to reach a…

House symbol on the American flag Mortgage credit lending Housing safety

The average U.S. home insurance premium just crossed $2,524 a year — up 24% in three years — but Florida homeowners now pay an average $8,500

Warren Cohen3 months ago3 months ago013 mins

Somewhere in Florida this spring, a homeowner opened a renewal notice, saw a five-figure number, and called an agent convinced it was a typo. That reaction has become routine in a state where the average annual home insurance premium now sits near $8,500, more than triple the national figure. But the sticker shock is no…

An aerial view of a city with a river running through it

Florida Citizens just cut homeowners insurance rates an average 8.7% effective June 1 — the first statewide reduction in eight years after tort-reform laws cut litigation costs

Warren Cohen3 months ago3 months ago010 mins

More than 330,000 Florida homeowners are about to pay less for property insurance. Citizens Property Insurance Corp., the state-backed insurer of last resort, will cut rates an average of 8.7 percent starting June 1, 2026, marking the first across-the-board reduction in its homeowners book in roughly eight years. For a policyholder paying near the statewide…

Hurricane season starts in 3 days — and most standard home policies pay only depreciated “actual cash value” on roofs over 10 years old, cutting claim checks by up to half

David Keller3 months ago3 months ago011 mins

A homeowner in Galveston with a 14-year-old asphalt shingle roof and a $15,000 replacement estimate could collect barely $8,000 from a standard insurance policy after a hurricane. The rest, thousands of dollars, would come out of pocket. That scenario is not hypothetical. It is how “actual cash value” roof provisions work in a growing number…

The 30-year mortgage just held at 6.47% heading into June — pricing the typical median-home buyer out by about $1,150 a month compared with January’s 5.75% rate floor

David Keller3 months ago3 months ago014 mins

Five months ago, a buyer shopping for a median-priced U.S. home could lock in a 30-year fixed mortgage near 5.75 percent, a level that, if reached, would represent the lowest reading on the Freddie Mac Primary Mortgage Market Survey since late 2024. (Freddie Mac’s PMMS showed rates in the 6.6 to 6.9 percent range through…

A Sold sign in front of a charming suburban house indicating a successful transaction

The median new home sold in March cost $387,400 — about $30,000 less than the median existing home as builders cut prices on a third of sales

Warren Cohen3 months ago3 months ago011 mins

The median new home sold in March cost $387,400 — about $30,000 less than the median existing home as builders cut prices on a third of sales A brand-new house now costs less than a used one, and the gap is not small. The median new single-family home sold in March 2026 for $387,400, according…

Couple sitting among moving boxes in new home

A seller-funded mortgage rate buy-down cuts a buyer’s monthly payment by about $200 for two years — but the money is wasted if you sell or refinance inside 24 months

Warren Cohen3 months ago3 months ago015 mins

A seller-funded mortgage rate buy-down cuts a buyer’s monthly payment by about $200 for two years – but the money is wasted if you sell or refinance inside 24 months A home seller in a June 2026 purchase contract offers to fund a temporary mortgage rate buydown. The buyer’s monthly payment drops by a few…

Category: Housing & Real Estate

April pending home sales fell to the lowest April reading on record — as 6.53% mortgage rates and the $417,800 median existing-home price squeezed first-time buyers out of the market

Hurricane season starts tomorrow — Florida’s state-backed Citizens now drops wind coverage on any home insured above $400,000 that doesn’t carry federal flood insurance

April new home sales slumped to 622,000 — the slowest pace since 2022 — as builders sit on 9.4 months of unsold inventory and 32% of builders kept cutting prices in May

First-time homebuyers are now putting down a median 10% — the highest in nearly 40 years — and saving for it takes the average buyer 7 years

The average U.S. home insurance premium just crossed $2,524 a year — up 24% in three years — but Florida homeowners now pay an average $8,500

Florida Citizens just cut homeowners insurance rates an average 8.7% effective June 1 — the first statewide reduction in eight years after tort-reform laws cut litigation costs

Hurricane season starts in 3 days — and most standard home policies pay only depreciated “actual cash value” on roofs over 10 years old, cutting claim checks by up to half

The 30-year mortgage just held at 6.47% heading into June — pricing the typical median-home buyer out by about $1,150 a month compared with January’s 5.75% rate floor

The median new home sold in March cost $387,400 — about $30,000 less than the median existing home as builders cut prices on a third of sales

A seller-funded mortgage rate buy-down cuts a buyer’s monthly payment by about $200 for two years — but the money is wasted if you sell or refinance inside 24 months

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