January 2024

2023 Year End Market Report & December Numbers

Hot off the press! The 2023 Year End Market Report & December Numbers from Florida Realtors® are now available, providing an in-depth look at Palm Beach County's real estate trends. These reports offer a comparative analysis of year-over-year data, focusing specifically on single-family home statistics. In 2023, Palm Beach County experienced a notable increase in…

Modest Increase in Home Listings Sparked by Mortgage Rate Decline

Modest Increase in Home Listings The recent decrease in mortgage rates has led to more homeowners listing their properties, yet the modest increase in home listings is still not enough to bring the housing market's inventory back to pre-pandemic levels. Active listings in the U.S. rose by 4.9% in December year-over-year, with a significant 9.1%…

December 2023 Survey of Home Purchase Sentiment

In December, the Fannie Mae Home Purchase Sentiment Index (HPSI) increased by 2.9 points to 67.2, mainly due to a rise in consumers expecting mortgage rates to drop over the next year. A record 31% of those surveyed predict lower mortgage rates, and 17% consider it to be a good time to buy, up from…