Boomers’ choices will impact the housing market. Will most hunker down in their current home? Will their kids’ demand more multi-gen homes? No one knows yet.
Economist Yun says existing-home sales are off to a strong start, and the “trend line for housing starts is increasing … which should ultimately lead to more home sales.”
A real estate investment trust (REIT) helps investors buy a share of large operations. Micro-investing costs less and could be a share of just a single condo unit.
If passed and signed by the governor, House and Senate bills would create new oversight for the money local governments charge developers to boost infrastructure.
Fla. condo-townhouse sales were up 14.5% year-to-year. The statewide median price for single-family homes rose 6% to $265K, and condo-townhouse prices up 9.6% to $200K. New pending sales and pending inventory also rose statewide in both property categories.
The effort to bring short-term rentals under state control could help ensure that advertised rentals on sites like Airbnb are licensed and collect and remit taxes.
The average 30-year, fixed-rate mortgage rose from last week’s 3.47% in Freddie Mac’s weekly survey, though the 5/1 adjustable-rate mortgage fell to 3.25%.
It’s not just retirees – millennials also like the idea of smaller spaces. But even those who think it’s a wise move fear their loss of storage space might be a mistake.
A Fla. constitutional amendment passed in 2012 gave tax relief to deceased soldiers’ families. Lawmakers decided they must be residents, but an appeals court disagreed.
Opportunity Zones study: 47% had housing price gains higher than the national increase of 9.4%, though they’re also “among the most vulnerable to economic downturns.”
A program under the Florida Housing Finance Corporation will offer down payment and closing cost assistance programs, coupled with low-interest-rate first mortgages.
If the current election unfolds similar to earlier ones, the process will impact home sales more than the policies of the person who actually wins. If so, home sales will slip in June and rebound in Nov., with pent-up demand driving a strong real estate market through spring.
A Realtor.com study compared active home listings per 1,000 residents and found that Fla. homebuyers have it easier than other areas of the U.S. Cape Coral, Miami and Daytona Beach led the “easiest markets to find a home” list with seven Fla. metros in the top 20.
NAR’s ad campaign gets creative by melding everyday objects into the Realtor “R”, offering members videos and other materials they can use in personal marketing.