Florida Realtors has put together the infographic below to help us understand what underwriters look at in getting mortgages approved.
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Mortgage Approval
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Mortgage Interest Rate Update
Mortgage interest rates were essentially flat over the past 30 days. As of this week, the average U.S. rate for a 30‑year fixed mortgage is 6.49%, compared with 6.52% a month ago. At this time, there are as many experts predicting a rise in mortgage interest rates for the remainder of 2026 as there are predicting a fall.
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Home Selling Ideas
Florida Realtors has created the infographic below, helping people understand what helps homes sell faster. In today’s market, every little bit can help.
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Happy Independence Day!
Sarasota County’s housing market showed solid momentum in May 2026, with closed sales rising 7.2% year over year to 845 transactions. Prices continued to edge upward as well, with the median sale price increasing 2.2% to $475,000, reflecting steady buyer demand despite broader economic uncertainty. At the same time, active inventory fell sharply, down 25% to 3,099 homes, indicating a tighter supply environment compared to last year.
Buyer composition shifted toward stronger cash activity. Cash sales accounted for 42% of all closings, up from 35.8% a year earlier, underscoring Sarasota’s continued appeal to investors, second‑home buyers, and other cash‑heavy purchasers. This elevated share of cash transactions suggests competitive conditions for financed buyers, even as overall inventory remains constrained.