Historic rental increases couldn’t continue forever. The addition of more units and drop in new residents has weakened demand and dinged rental prices.
Median home prices rose 2.8% year-to-year under NAR’s seasonally adjusted formula, and the inventory of unsold existing homes climbed 2.7% month-to-month.
On Oct. 24 at 1 p.m., FREC will focus on foreign buyer “Affidavits of Buyers of Property” and broker-held escrow deposits. The public is invited, virtually or in-person.
The increase breaks a pattern of declines, says Florida Realtors Chief Economist O’Connor, as prices rose 1.3%. For 3Q 2023, though, sales were down 3.2%.
An oversight tool that connects all tech formats has not yet been perfected. And while some agents live off technology, others largely ignore it.
If you can tell what’s trending by looking at the words becoming more common in listings, expect demand for brutalism, sensory pathways and cold plunge pools.
Do buyers have a right to know that a listing comes with a ghost? In Fla., probably not – but states’ laws vary on what ghost-adverse buyers deserve to know.
Frustrated with the lack of existing-home inventory, more buyers turned to new construction in Sept. despite mortgage rates that topped 7%.
Buyers have doubts now thanks to inflation, rising home prices and higher mortgage rates. While some best-practice seller tactics haven’t changed, some have.
What’s in a name? Some people thought “affordable housing” was a giveaway and “workforce housing” didn’t catch on. “Attainable housing” is the latest moniker.
