The average 30-year fixed rate mortgage dropped to 6.37% from 6.46% last week, while 15-year rates dropped to 5.74%, according to Freddie Mac.

Fed minutes show growing concern that inflation could stay elevated, a shift that could delay rate cuts and keep mortgage rates higher.

Florida still faces a 15% chance of a major hurricane along the East Coast and 20% along the Gulf Coast, according to preseason forecasts.

Strong sales kept Florida at the top of 2025 master-planned community rankings, with multiple high-ranking developments despite a modest slowdown.

Rents across Florida fell 3% year-over-year in March, with the Sarasota area posting one of the largest metro declines as supply continues to expand.

Market activity is expected to increase this spring, driven by delayed demand, though affordability remains a key hurdle for buyers.