The Ferris Team

01/29/2026

10/25/2023

The highest mortgage rates in two decades have started to take a toll, and by the end of 2024, total existing-home sales will probably be the weakest since 2011.

10/06/2023

Wow,,,Mortgage rates hit 7.49%

Skittish investors keep nudging mortgage rates higher. Last week, a 30-year, fixed-rate mortgage averaged 7.31%; a year ago, it was 6.66%.

09/23/2023

Let Richard Ferris chart a course for the success, of your Real Estate transaction.

06/08/2023

The percentage of U.S. cash sales in April hit its highest level since 2014. In Fla., it ranges from 35.1% in Orlando up to 53.6% in West Palm Beach.

05/03/2023

04/21/2023

U.S. sales are “highly sensitive to changes in mortgage rates” says NAR Economist Yun. March inventory rose a meager 1% and prices were down 0.9%.

12/06/2022

Buyer demand has dropped due to rising rates, and seller supply slowed too, creating an uneasy balance. But if buyers drop or sellers expand more, it will impact prices.

12/02/2022

It’s the second week in a row for a notable drop in rates as non-inflation-rate factors influence demand. A few weeks ago, average 30-year rates were higher than 7%.