How Homeinc Helps Homeowners Facing Foreclosure in Florida
May 7, 2026
Falling behind on your Florida mortgage? Learn how Homeinc helps homeowners facing foreclosure sell their house fast for cash —…
Current State of Real Estate 2024
The housing market is experiencing a notable cooling trend, with demand declining across all buyer segments. While adjustable-rate mortgages (ARMs) are becoming more popular due to increasing fixed-rate mortgage interest rates, their overall share remains relatively low. Notably, mortgage delinquencies have decreased to levels seen before the 2008 financial crisis, and foreclosure rates have reached a two-year low, indicating financial stability among homeowners.
In addition, fewer homes are being appraised below their contract sales price, which suggests a reduced risk of overpayment. Sales of new homes have dropped significantly compared to the previous year, with the exceptions being Portland and Las Vegas, where the markets have remained more robust. Investor activity in the housing market has decreased slightly but continues to be above pre-pandemic levels, highlighting sustained interest from this segment.
The market for existing home sales saw a substantial decline in June, possibly as a result of rising mortgage rates, but there are signs of potential recovery as indicated by an increase in pending sales. Despite the cooling market, a significant portion of homes continue to sell above the asking price, underscoring strong demand in markets with low inventory.
Spring home price appreciation has slowed, largely due to the impact of high mortgage rates and decreased affordability. Several major metropolitan areas have reported price declines on both a month-over-month and year-over-year basis. Overall, these trends suggest a shift towards a more balanced market landscape, where the dynamics between buyers and sellers are becoming more equitable. This adjustment may lead to a more stable and sustainable housing market in the long run.
If you are a home owner and want to take the next step, give Homeinc a call and one of our agents will be more than happy to guide you through the process of selling your home.
SOURCE: FLORIDAREALTORS.ORG
CREDIT: CORELOGIC
Dan Letourneau
Dan has been adding value at Homeinc for the past 6 years. Not only does Dan do sales and acquisitions, he also oversees the retail division. Dan’s favorite part of working at Homeinc is the culture and the team that he works with. He is known to have the best sense of humor of the bunch. When not at work, Dan enjoys playing tennis and spending time with his pup, Ari, and girlfriend, Ashley.