Fort Lauderdale Real Estate News
Fort Lauderdale
U.S. Mortgage Applications Dive 7 Percent in Mid-October
According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending October 13, 2023, U.S. mortgage applications decreased 6.9 percent from one week earlier.
Hurricane Idalia Threatens 800,000 Homes Along Florida's Gulf Coast
Based on new data from CoreLogic, there are 808,321 single-family and multifamily homes along the Florida Gulf Coast with a reconstruction cost value (RCV) of approximately $238.4 billion are at potential risk of storm surge damage from Hurricane Idalia.
U.S. Migration to Most Flood-Prone Areas Has Doubled Since the Pandemic
Based on new data from Redfin, the most flood-prone U.S. counties saw 384,000 more people move in than out in 2021 and 2022--a 103% increase from the prior two years, when 189,000 more people moved in than out.
U.S. Housing Inventory Drops to Lowest Levels Since 1999, Says NAR
According to the National Association of Realtors newly released 2023 Member Profile, amid a significant shortage of housing supply in 2022, 32% of Realtors named a lack of inventory as the most important factor limiting potential clients from making a purchase.
