Florida Home Prices Expected to Dip Further in 2026
Home prices in Florida are expected to slide further next year after several years of weakness, according to new projections from the Realtor.com national housing forecast. Across Florida’s eight largest metro areas, median sales prices for existing homes and condos are projected to fall an average of 1.9% in 2026, well below the 2.2% positive gain the forecast expects nationally. Realtor.com
U.S. Mortgage Rates at a Near Low for the Year
The average rate on a 30-year U.S. mortgage dropped again this week, and is now close to its low point for the year. The average long-term mortgage rate has fallen to 6.19% from 6.23% last week, mortgage buyer Freddie Mac said Thursday. Its low point this year was 6.17%. The Associated Press
Off-Plan Sales in Dubai Dominate November Dealmaking
Real estate activity ticked up in Dubai in November month over month, according to a report from Springfield Properties. There were 17,777 deals totaling AED 45.79 billion (US$12.46 billion), with the vast majority, more than 70%, of those sales coming from off-plan purchases. Middle East Economy
Shortage to Drive Southern California Rental Prices for the Next 2 Years
A persistent lack of inventory to meet the growing demand in Southern California will continue to drive rent increases for the next two years, according to a USC study this week. The report said vacancy rates remain at around 5% in Los Angeles County and 4% in Orange County. Hey Socal