Fort Lauderdale Real Estate News
Fort Lauderdale
Greater Fort Lauderdale Area Home Sales Down 35 Percent in November
According to the Miami Association of Realtors, in comparison to November 2021, Broward November 2022 sales decreased 35% year-over-year, from 2,954 to 1,920, because of high mortgage rates and low inventory.
113 Million People Traveling in the U.S. During the 2022 Holiday Season
According to AAA estimates 112.7 million people will journey 50 miles or more away from home from December 23 to January 2 in the United States. That's an increase of 3.6 million people over last year and closing in on pre-pandemic numbers. 2022 is expected to be the third busiest year for holiday travel since AAA began tracking in 2000.
Greater Fort Lauderdale Area Residential Sales Slide 25 Percent Annually in October
The Miami Association of Realtors is reporting that total residential transactions for Broward County Florida in October 2022 was down 25.1% year-over-year, from 2,967 to 2,222, because of rising mortgage rates and low inventory.
U.S. Mortgage Applications Dip Again in Mid-October
Based on new data from the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending October 21, 2022, U.S. mortgage applications decreased 1.7 percent from one week earlier.
Fort Lauderdale Property News
U.S. Mortgage Originations to Decline 9 Percent in 2023 to $2.05 Trillion
Posted on October 24, 2022
