Advocacy efforts will focus on keeping must-have programs going, like flood insurance, and pushing for programs that increase listings and boost fair housing efforts.
Economist Lawrence Yun predicts that home sales will rise by 15% next year, and by spring, mortgage rates will hover in the 6% to 7% range.
Two Fla. metros were in that ballpark: Miami (35.4%) and Orlando (34.3%). But in Tampa, 43.1% of closed sales had a concession, up from 19.7% a year earlier.
A long-time staple of upscale homes, the traditional black-and-white checkered floor isn’t going away, but it’s diversifying its color palate.
Gov. Ron DeSantis signed bills passed during the recent special session, including up to $10K for owners to harden homes and more aid for Hurricane Idalia victims.
A Tampa court sentenced a man to 17 years for faking a charity that faked a Fla. mansion purchase – and then threatening to kill the real owners to keep them quiet.
Gas, cars and airfare cost less last month. Prices rose 3.2% year-to-year in Oct. – still higher than the Fed’s 2% goal – for the smallest increase since June.
In the face of high interest rates and rising home prices, the typical buyer’s income rose 22% to $107K. 1 out of 3 (32%) was a first-time buyer, and 89% used an RE agent.
Going to a strip mall for a specific item is a quick in-out activity, akin to getting milk from 7-11. And after the pandemic, that’s what many Americans want.
A super-sized team ups the chances that someone can handle any buyer that comes your way, but a niche-focused team can dominate a specific market area.
