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In November 2023, the U.S housing market is becoming increasingly challenging for buyers due to high mortgage rates, steep home prices, and low levels of inventory. This situation is expected to remain the same in 2024, however, a drop in mortgage rates could spur the market for both buyers and sellers. Home prices, mortgage rates,…
Florida holds the second most valuable housing market in the US, surpassing NY. Factors Behind Florida's Market Surge: Population growth ↑ housing demand Single-family median: ↑2% yearly to $415K ↑New home sales Rent stable
The CARES Act provided relief options for federally-backed mortgages during the pandemic, which helped keep Americans in their homes. Mortgage loans make up a significant portion of household debt. Financial assistance programs reduced delinquency rates, but missed payments have increased with the end of these programs. Delinquency rates vary by location, with the South and…
Florida ranks No 1 in having the most dissatisfied home insurance customers. Hurricanes in Florida are a significant risk factor, leading to increased challenges in the home insurance market. Natural disasters, like hurricanes, impact entire regions, causing delays in claim approvals and reconstruction when multiple homes are affected.
Owning a home is a keystone of wealth… both financial affluence and emotional security.
