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.
RE investors are building more $50M-plus condos in S. Fla. as demand grows from an uptick of rich Americans who are relocating to be close to other rich Americans.
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.
