South Florida’s top deals: Palm Beach home changes hands for $36M
🏆 Residential: The top home sale recorded in South Florida was in Palm Beach, where a home at 1632 South Ocean Boulevard changed hands for $36 million. The seller was a trust with attorney John J. Raymond, Jr. as trustee, and the buyers were Xiao Liu and Dapeng Zhu. The home, which last sold in 202
Fannie Mae: Rates likely to remain elevated longer than expected
Mortgage rates could remain near 6.3% through much of 2026, a forecast that could continue shaping affordability, inventory and buyer demand. Local market conditions and negotiating trends remain critical as inventory slowly improves.
Florida housing inventory near pre-pandemic norms, economist says
Florida Realtors Chief Economist Dr. Brad O'Connor says statewide inventory levels resemble the 2014-2020 period far more than the post-2008 foreclosure crisis, with single-family supply just 7% above April 2019 levels.
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