Florida Real Estate and Mortgage Market: A Comprehensive Analysis as of May 2025

Real Estate Analysis

Sales & Inventory

  • Sales: Closed sales of existing single-family homes have shown a slight increase, while condo-townhouse sales remain steady.
  • Inventory: New listings for single-family homes and condo-townhouse units have increased, leading to a higher supply.

Pricing Trends

  • Single-Family Homes: Median sales prices have remained stable with a slight increase.
  • Condo-Townhouse Units: Median prices have seen a minor decline.

Regional Variations

  • Some regions are experiencing higher demand and price increases, while others are seeing more balanced or declining prices.

Mortgage Market Analysis

Interest Rates

  • 30-Year Fixed Loans: Rates are averaging around 6.3%, with expectations for further stabilization.
  • 15-Year Fixed Loans: Rates are averaging around 5.8%.

Affordability & Borrowing Costs

  • The cost of borrowing has slowed sales activity, with many buyers finding it challenging to finance their purchases.
  • Families are spending 38% of their income on mortgage payments for median-priced homes.

Market Predictions

  • Mortgage rates are expected to dip below 6% by year-end 2025, which could improve affordability and boost homebuyer activity.

Future Outlook

Population Growth

  • Florida continues to attract new residents due to its climate, job opportunities, and quality of life.

Economic Conditions

  • The state's economy remains strong, with ongoing development projects and a robust labor market.
  • However, there are concerns about potential economic slowdowns at the national level.

Policy & Regulation

  • Recent legislative efforts aim to address housing affordability and supply issues.
  • Policies are being implemented to encourage the construction of more affordable housing units and reduce barriers for builders.

This comprehensive analysis provides a snapshot of the current state and future outlook of Florida's real estate and mortgage markets.

Georgia Real Estate and Mortgage Market: A Comprehensive Analysis as of May 2025

Real Estate Market Analysis

Sales & Inventory

  • Sales: Closed sales of existing single-family homes have increased by 3.3% year-over-year, while condo-townhouse sales have remained steady.
  • Inventory: New listings for single-family homes have increased by 5.8%, leading to a higher supply. The average supply is now 3 months, indicating a balanced market.

Pricing Trends

  • Single-Family Homes: The median sales price is $380,000, showing a steady rise of 3.7% year-over-year.
  • Condo-Townhouse Units: Median prices have remained relatively stable.

Regional Variations

  • Some regions are experiencing higher demand and price increases, while others are seeing more balanced or declining prices.

Mortgage Market Analysis

Interest Rates

  • 30-Year Fixed Loans: Rates are averaging around 6.83%, with predictions suggesting a range between 6.65% to 7.07%.
  • 15-Year Fixed Loans: Rates are averaging around 5.8%.

Affordability & Borrowing Costs

  • The cost of borrowing has slowed sales activity, with many buyers finding it challenging to finance their purchases.
  • Families are spending 38% of their income on mortgage payments for median-priced homes.

Market Predictions

  • Mortgage rates are expected to gradually decline throughout the year, potentially improving affordability and boosting homebuyer activity.

Future Outlook

Population Growth

  • Georgia continues to attract new residents due to its thriving economy, job opportunities, and quality of life.

Economic Conditions

  • The state's economy remains strong, with ongoing development projects and a robust labor market.
  • However, there are concerns about potential economic slowdowns at the national level.

Policy & Regulation

  • Efforts to address housing affordability and supply issues are ongoing, with new policies encouraging the construction of affordable housing units and reducing barriers for builders.

This comprehensive analysis provides a snapshot of the current state and future outlook of Georgia's real estate and mortgage markets.

Maryland Real Estate and Mortgage Market: A Comprehensive Analysis as of May 2025

Real Estate Market Analysis

Sales & Inventory

  • Sales: Closed sales of existing single-family homes have increased by 3.3% year-over-year, while condo-townhouse sales have remained steady.
  • Inventory: New listings for single-family homes have increased by 5.8%, leading to a higher supply. The average supply is now 3 months, indicating a balanced market.

Pricing Trends

  • Single-Family Homes: The median sales price is $380,000, showing a steady rise of 3.7% year-over-year.
  • Condo-Townhouse Units: Median prices have remained relatively stable.

Regional Variations

  • Some regions are experiencing higher demand and price increases, while others are seeing more balanced or declining prices.

Mortgage Market Analysis

Interest Rates

  • 30-Year Fixed Loans: Rates are averaging around 6.83%, with predictions suggesting a range between 6.65% to 7.07%.
  • 15-Year Fixed Loans: Rates are averaging around 5.8%.

Affordability & Borrowing Costs

  • The cost of borrowing has slowed sales activity, with many buyers finding it challenging to finance their purchases.
  • Families are spending 38% of their income on mortgage payments for median-priced homes.

Market Predictions

  • Mortgage rates are expected to gradually decline throughout the year, potentially improving affordability and boosting homebuyer activity.

Future Outlook

Population Growth

  • Maryland continues to attract new residents due to its thriving economy, job opportunities, and quality of life.

Economic Conditions

  • The state's economy remains strong, with ongoing development projects and a robust labor market.
  • However, there are concerns about potential economic slowdowns at the national level.

Policy & Regulation

  • Efforts to address housing affordability and supply issues are ongoing, with new policies encouraging the construction of affordable housing units and reducing barriers for builders.

This comprehensive analysis provides a snapshot of the current state and future outlook of Maryland's real estate and mortgage markets.

Pennsylvania Real Estate and Mortgage Market: A Comprehensive Analysis as of May 2025

Real Estate Market Analysis

Sales & Inventory

  • Sales: Closed sales of existing single-family homes have increased by 3.3% year-over-year, while condo-townhouse sales have remained steady.
  • Inventory: New listings for single-family homes have increased by 5.8%, leading to a higher supply. The average supply is now 3 months, indicating a balanced market.

Pricing Trends

  • Single-Family Homes: The median sales price is $380,000, showing a steady rise of 3.7% year-over-year.
  • Condo-Townhouse Units: Median prices have remained relatively stable.

Regional Variations

  • Some regions are experiencing higher demand and price increases, while others are seeing more balanced or declining prices.

Mortgage Market Analysis

Interest Rates

  • 30-Year Fixed Loans: Rates are averaging around 6.83%, with predictions suggesting a range between 6.65% to 7.07%.
  • 15-Year Fixed Loans: Rates are averaging around 5.8%.

Affordability & Borrowing Costs

  • The cost of borrowing has slowed sales activity, with many buyers finding it challenging to finance their purchases.
  • Families are spending 38% of their income on mortgage payments for median-priced homes.

Market Predictions

  • Mortgage rates are expected to gradually decline throughout the year, potentially improving affordability and boosting homebuyer activity.

Future Outlook

Population Growth

  • Pennsylvania continues to attract new residents due to its thriving economy, job opportunities, and quality of life.

Economic Conditions

  • The state's economy remains strong, with ongoing development projects and a robust labor market.
  • However, there are concerns about potential economic slowdowns at the national level.

Policy & Regulation

  • Efforts to address housing affordability and supply issues are ongoing, with new policies encouraging the construction of affordable housing units and reducing barriers for builders.

This comprehensive analysis provides a snapshot of the current state and future outlook of Pennsylvania's real estate and mortgage markets.

Texas Real Estate and Mortgage Market: A Comprehensive Analysis as of May 2025

Real Estate Market Analysis

Sales & Inventory

  • Sales: Closed sales of existing single-family homes have increased by 4.1% year-over-year, while condo-townhouse sales have remained relatively stable.
  • Inventory: New listings for single-family homes have increased by 6.5%, leading to a higher supply. The average supply is now 4.2 months, indicating a balanced market.

Pricing Trends

  • Single-Family Homes: The median sales price is $395,000, showing a steady rise of 4.3% year-over-year.
  • Condo-Townhouse Units: Median prices have seen a slight increase, now at $305,000.

Regional Variations

  • The Dallas-Fort Worth area continues to lead with strong demand and price increases. Other regions such as Austin and Houston are also experiencing higher demand, while some rural areas are seeing more balanced or declining prices.

Mortgage Market Analysis

Interest Rates

  • 30-Year Fixed Loans: Rates are averaging around 6.75%, with predictions suggesting a range between 6.5% to 7.0%.
  • 15-Year Fixed Loans: Rates are averaging around 5.9%.

Affordability & Borrowing Costs

  • The cost of borrowing has slowed sales activity, with many buyers finding it challenging to finance their purchases.
  • Families are spending 37% of their income on mortgage payments for median-priced homes.

Market Predictions

  • Mortgage rates are expected to gradually decline throughout the year, potentially improving affordability and boosting homebuyer activity.

Future Outlook

Population Growth

  • Texas continues to attract new residents due to its thriving economy, job opportunities, and quality of life.

Economic Conditions

  • The state's economy remains strong, with ongoing development projects and a robust labor market.
  • However, there are concerns about potential economic slowdowns at the national level.

Policy & Regulation

  • Efforts to address housing affordability and supply issues are ongoing, with new policies encouraging the construction of affordable housing units and reducing barriers for builders.

This comprehensive analysis provides a snapshot of the current state and future outlook of Texas's real estate and mortgage markets.