For decades, Florida has served as a haven from high-tax, high-cost states -- attracting retirees, snowbirds, hourly workers, and increasingly, younger professionals priced out of other housing markets.
According to the latest Primary Mortgage Market Survey from Freddie Mac, the average rate for a 30-year fixed-rate mortgage in the U.S. currently stands at 6.64% as of April 3, 2025.
In a notable shift in the housing market, baby boomers have surpassed millennials as the largest generational group of home buyers, according to the National Association of Realtors (NAR).
The latest NAHB/Wells Fargo Cost of Housing Index (CHI) highlights the ongoing affordability crisis in the U.S. housing market.
Posted on February 21, 2025
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