Existing-Home Sales Retreated 1.9% in April

NAR: Existing-home sales in the South dropped 1.6% from March to an annual rate of 1.9 million in April. The median price in the South was $366,200.

Florida's April Home Sales, Median Prices Rise

Closed sales, median sales prices rose YoY for single-family, up 5.8% and 4.9% ($429.9K) and for condo-townhouse units, up 1.9% and 3.1% ($335K).

VA May Suspend Ban on Buyer Agent Payments

 A VA official said the department will temporarily allow veteran buyers to directly compensate their agents. The comments were not an official announcement.

Impact of Interest Rates on Mortgage Payments

A swing in mortgage interest rates can translate into hundreds more per month and affect loan approvals. Use our graphic to help clients understand rate changes.