Florida Realtors News

NAHB: Young adults ages 25-34 continued the post-pandemic trend of moving out: The share of those living with parents or parents-in-law fell to 19.1% in 2022.

With improving housing inventory, the Relitix Agent Movement Index rose in Jan., a trend that indicates real estate agents appear more confident about changing firms.

Private residential construction spending rose 0.2% in Jan. from Dec.; it’s up 12.5% year-to-year. Analysts cite the lack of existing home inventory as a factor.

Lennar Corp. and Invitation Homes’ CEOs said technology, single-family rentals and good partnerships can help address the housing shortage in Florida and across the U.S.

NAHB: Buyers say they want smaller homes now and are looking for homes around 2,070 sq. ft., compared to 2,260 sq. ft. 20 years ago.

Want to see some of the 2024 ads that demonstrate the value of a Realtor and how they help clients? Several TV ads will air nationally this week.

HGTV’s Ben and Erin Napier announced the town of Sebring will get a makeover and be the site for the third season of their spinoff show, “Home Town Takeover.”

Florida regulators have approved proposals by three insurers to take up to 54,386 policies from the state’s Citizens Property Insurance Corp. in May.

Real estate professionals who are watching, learning, and adapting will reap the benefits of new technologies, as the industry is starting to see with generative AI.

HUD and Census Bureau: In Jan., new single-family home sales rose 1.5% month-to-month to a seasonally adjusted rate of 661,000. The pace is up 1.8% from Jan. 2023.