Florida Insurers Cut or Hold Rates

Nine property insurance companies have  filed for 2024 rate reductions and 10 won’t be increasing rates at all. Is your company on the list?

Affordable and Workforce Housing Barriers Continue

Bankrate found that Florida buyers need to earn $114,771 to purchase a median-priced home. New construction can’t keep pace with the demand for affordable housing.

Existing-Home Sales Retreated 1.9% in April

NAR: Existing-home sales in the South dropped 1.6% from March to an annual rate of 1.9 million in April. The median price in the South was $366,200.

Florida's April Home Sales, Median Prices Rise

Closed sales, median sales prices rose YoY for single-family, up 5.8% and 4.9% ($429.9K) and for condo-townhouse units, up 1.9% and 3.1% ($335K).