New Home Sales in U.S. Take Unexpected Jump
Sales of newly built single-family homes jumped 20.5% higher in August across the U.S. and 3.3% in the South. The median new home sale price in the U.S. was $413,500.
Mortgage Rates to Drop Below 6% by End of 2026
Fannie Mae projects mortgage rates to fall to 6.4% by late 2025 and 5.9% in 2026, with rising home sales and mortgage originations over the same period.
Seminole Tribe sues Lennar over allegedly defective homes across Florida
The Seminole Tribe of Florida is suing Lennar for allegedly building 465 defective homes on tribal land across Florida. In an amended Aug. 29 lawsuit in Broward County Circuit Court, the Seminole Tribe alleges Lennar, a Miami-based national homebuilder led by Executive Chairman and co-CEO Stuart Mil
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