Florida Realtors News

The chamber also said the housing market will begin to stabilize to a new normal, and home prices will no longer spike.

Some novel ideas to generate leads include integrating QR codes and chatbots into social media to provide potential buyers and sellers with immediate responses.   

NAR is projecting a 13% increase in existing-home sales in 2024 (from 2023) to 4.62 million and a 15.8% increase in 2025 (from 2024) to 5.35 million and said interest rates will be cut four times.

Florida is outperforming U.S. in job and income growth and population migration, two economic experts said.

Sales on new construction single-family homes increased 8% in December and 4.4% year over year across the U.S. In the South, new home sales increased by 5.2%.

Proptech (real estate technology and innovation) investments and business opportunities will grow in 2024, and there’s plenty of room for entrepreneurs to take part.

Fannie Mae said a $2,500 credit will help very low-income borrowers with down payment and closing costs.

New residents continue to flock to southwest Florida, as Lee County prepares to hit the one million mark by 2030. Local leaders are looking for solutions.

New mortgage applications increased by 3.7% from the previous week, the Mortgage Bankers Association said.

2024 RE Trends panel: Helping new retirees and relocating workers find affordable housing while feeling a sense of belonging and community is vital to Fla.’s future.