Florida condo sales grow at both ends of market
Florida’s townhouse and condo market posted a 9% year-over-year increase in second-quarter sales, with the strongest gains among properties priced below $200,000 and those selling for $1 million or more. Sales also rose sharply in several metro areas, including Panama City, Punta Gorda, Cape Coral-F
Forest Development, Kast Construction face off in legal battle over Lake Park condo
Forest Development and Kast Construction are going head-to-head in a legal battle over Nautilus 220 condominiums in Lake Park. The condo’s developer and builder are suing each other for alleged contract breach, incomplete work and failure to pay millions of dollars owed, The Palm Beach Post reporte
Average 30-year mortgage rate climbs to 6.58%, highest level in nearly a year
The average 30-year fixed mortgage rate rose to 6.58% this week, its highest level in nearly a year, while the 15-year rate increased to 5.96% from 5.93%. Rising oil prices and inflation concerns have pushed bond yields higher.
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