Home sales are flatlining amid the affordability crisis. It’s affecting down payments.
Soaring home prices and the "lock-in" effect have contributing to declining home sales. But they are also shaping how buyers are approaching down payments.Original Article


Some prospective buyers, and sellers, could find opportunity in the current market even though recent movement on interest rates hasn't led to a surge in home sales.
Back-to-back hurricanes were a major factor in the decline, Redfin found.
Chelsea Hardy is the vice president of land acquisition for Dream Finders Homes and a 2024 40 Under 40 honoree. If she wasn't in her current field, she'd be running a local coffee shop. Learn more about her.
“Securing the construction loan on the heels of back-to-back hurricanes in Tampa was no easy feat," said the project's marketing director.
The funds will go toward improving and expanding affordable housing throughout Florida, California, Colorado, Oregon and Washington.
In Tampa Bay, 10 prospective renters compete for every opening, with apartments typically snagged off the market within 38 days.
Former Florida Sen. Jeff Brandes was behind the purchase of the property, which is ready to move forward after receiving city and county funding last year.
The company has been operating out of Birmingham for 85 years, serving the state of Alabama and now various territories in Florida as well.
Gov. Ron DeSantis, speaking in front of a fallen crane in downtown St. Petersburg on Friday, said he "doesn't buy" that it takes over a week to disassemble a crane ahead of a storm.