Mortgage rates reach highest level in over 20 years

Rates for a 30-year fixed mortgage now average 7.09%, the highest since 2002, putting further pressure on the cooling housing market amid high prices.

This Florida city is among 4 US cities facing major housing shortage. Here's why

Prospective homebuyers across the U.S. are facing a chronic shortage of available houses, but the scarcity is worse in some parts of the country, according to new Bank of America research. The analysis found four cities are at the epicenter of the crisis.

These four US cities face the biggest housing shortages

The U.S. housing shortage is worse in several cities that have experienced a booming labor market, strong population growth, and low housing inventory.

5 Florida cities ranked as most popular homebuyer destinations in the U.S.

U.S. residents are looking to flee from some of the nations most populous cities. Five of the cities they're looking at moving to are in Florida.

Monthly mortgage payments reach record highs in US

The median monthly payment for home purchase loans jumped 14.1% in May to an all-time high $2,165.

Evermore Orlando Resort and Crystal Lagoon hits major milestone towards completion

One of the biggest resort developments in Florida history is almost complete. It's called Evermore and the "topping off" ceremony was held on Wednesday, just a stone's throw from Walt Disney World Resort.