Existing-home sales in Late-Q1 ↓3.6% MoM and ↓1% yearly, extending a multiyear slump as the usually busy spring market opened with weaker activity.
Median existing-home price hit a Late-Q1 record $408.8K, ↑1.4% yearly, marking 33 straight months of yearly gains despite sluggish sales.
Inventory stayed tight at ~4 mo of supply. An economist said a balanced market needs ~5 to 6 mo and inventory ↑20% to 30%.
The key buying season runs through Mid-Summer and may peak in Mid-Q2 or Late-Q2, but early activity this year failed to show expected momentum.
The group cut its 2026 existing-home sales forecast from ↑14% to ↑4%. New-home sales were expected to stay flat, with mortgage rates near mid-6%.
In Late-Q1 2026, Miami and West Palm Beach buyers typically put down ~20%, while Fort…
An investor raised a question about Florida Real Estate's future and said the state could…
An investor raised a question about Florida Real Estate's future and said the state could…
More than half of Nantucket's housing stock is for seasonal use, the highest among luxury…
Rising inventory levels continue giving buyers more leverage, especially in previously overheated coastal and Sun…
Florida faces a national housing oversupply, with one in seven U.S. homes listed there, 1.8…