Study: Florida Home Prices Surge in Last Decade

Seven cities in Florida saw 10-year increases in home prices of more than 190%, according to a study, which is about twice the national average.

Rates Hit Highest Level Since May

The average rate on 30-year mortgages rose to 7.04% from 6.93% last week. Borrowing costs on 15-year fixed-rate mortgages increased to 6.27% from 6.14%.

NAR Provides Key Insights on Flood Insurance

The newest Consumer Guide provides essential information on flood insurance, covering requirements and options for properties in flood-prone areas.

Builder Confidence Edges Up

The latest HMI survey revealed that 30% of builders cut home prices in January, with that share remaining stable between 30% and 33% since July.