Clearwater Real Estate News
Clearwater
Florida, Texas Condo Supply is Piling Up as Sales Slow
According to Redfin, condo prices are falling in major Florida and Texas metros as inventory piles up and buyers back off. This comes as high HOA fees and insurance costs make condos a tough sell.
Florida Condo Prices Falling as Insurance and HOA Fees Skyrocket
Based on new data from national property broker Redfin, prices of condos in major Florida metros are dropping year-over-year in early 2024, as sales decline. New condo listings inventory is soaring as sellers try to offload their properties.
Falling U.S. Mortgage Rates Boost New Home Sales in December
According to new data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, sales of newly built, single-family homes in December 2023 in the U.S. increased 8.0% to a 664,000 seasonally adjusted annual rate from an upwardly revised reading in November 2023.
U.S. Mortgage Applications Jump 10 Percent in the First Week of 2024
According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending January 5, 2024, U.S. mortgage applications increased 9.9 percent from one week earlier. The results include an adjustment to account for the New Year's holiday.
