Housing prices go up as mortgage rates go down

A pair of reports released Thursday offer some hope for Florida homeowners looking to sell.

While neither shows, nor claims to show, that the real estate market is rebounding, they are at least indicators that not all hope is lost after major dips in Florida’s housing sales the past 12 months.

The first is from Freddie Mac. It shows that despite mortgage rates remaining nearly double what they were a year ago, they’ve fallen for the fifth consecutive week. The second is from a California real estate firm which, using data from Zillow, finds Florida saw the biggest increase in home prices in the country last year.