Forecasts predict 69,600 units of affordable housing delivered this year, peaking at 70,500 units in 2025. The affordable housing market benefited from accessible construction financing that stimulated multifamily development in recent years.

Fed Funds Rate Trends Forecast: – 2025 rate: drop to 4.0% – 2026 rate: to hold ~3.8% Economic Outlook for 2025: – GDP growth: taper from 1.8% to 2.5% by year-end – Rate cuts respond to slower economic growth

The Fed projects an additional 200 basis points of rate cuts by the end of 2025. By 2025, mortgage rates are expected to settle between 5.5% and 6%, aiding affordability.

Sanford is a historic town, combining waterfront living with minimal hurricane risks. The town’s median home price of $340,229 makes it an attractive option for families and retirees looking for a quieter lifestyle. Sanford's charming downtown area is filled with historic buildings, unique shops, and restaurants, offering a welcoming atmosphere. The town is known for…

Yes, it’s possible to get a mortgage without a credit score, though it may require a bit more documentation and a different approach. Here are some of the options: Manual Underwriting: Lenders may offer manual underwriting, where they assess your financial history and ability to repay by reviewing alternative documents, such as proof of on-time…

Florida has strengthened buyer protections in real estate, especially for condominiums, after the 1985 Johnson v. Davis ruling. New laws require milestone inspections and reserve studies for condos over 25 or 30 years old by December 31, 2024. Buyers can terminate contracts within three days of receiving inspection reports. From October 1, 2024, sellers must…

Housing costs are a significant monthly expense for many Americans, often consuming a third of their budget. To reduce mortgage payments, options include refinancing for a lower interest rate, eliminating private mortgage insurance (PMI) if equity reaches 20%, or recasting the loan by making a lump-sum payment. Homeowners can also shop for cheaper insurance and…

Seller concessions are agreements where the seller covers part of the buyer's closing costs to reduce upfront expenses. Buyers typically request concessions after home inspections reveal issues or for specific fees like appraisals.

A drop in interest rates will increase buyer demand, potentially driving home prices higher into 2025. Historical data suggests home prices and interest rates fluctuate but are expected to rise in the near future.

Amendment 5 on the ballot aims to adjust homestead exemptions annually based on inflation rates in Florida. The amendment would increase the current $25,000 exemption according to the Consumer Price Index or inflation.