Redfin: December Sales Dip, Cancellations Surge

Pending home sales fell 4.5% in December, while canceled deals hit a record 16.2%. Existing home sales rose 0.7%, driven by earlier demand.

2025: A Year of Stabilization and Opportunities

NAR forecasts mortgage rates to stabilize near 6% in 2025, likely establishing a new normal. Inventory will gradually grow.

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%.