In this first of a three-part series, Florida Realtors explores migration trends that drove up Florida’s median home prices over 50% from 2020 to 2022.
All four U.S. regions saw month-over-month transaction losses, NAR’s chief economist said. High mortgage rates haven’t reduced demand, thanks to more cash deals.
Realtor.com: The number of newly listed homes rose 37.5% month-over-month. Florida has three of the five markets in the U.S. with the highest share of price cuts.
Homes are taking longer to sell largely because housing costs are so expensive and there’s a limited supply, Redfin said. It’s the slowest pace in 5 years.
Some buyers are looking for better deals to counter higher mortgage rates. Seller concessions cover certain costs associated with a home purchase.
Real estate pros can stand out by specializing in a niche and using the 5-5-5 strategy: calls, messages and meetings to build leads and client trust.
U.S. home prices rose 4.2% year-over-year, but growth is slowing due to high mortgage rates, according to the FHFA House Price Index.
Real estate agents should focus on consistent follow-up with current leads, offering value and persistence, rather than chasing new ones to boost conversions.
Is it a Code of Ethics violation when a listing broker does not disclose an accepted offer to a buyer’s broker? Does the obligation to promote the seller’s interest outweigh the duty to treat all parties honestly? Read the answer.
Mortgage rates will close 2025 and 2026 at 6.5% and 6.3%, respectively, up from the previous forecast of 6.2% and 6.0%.
