Homeowners looking to downsize wonder if they should sell now before higher mortgage rates push home prices lower or hunker down with their 3%-range loan.
More inventory? Lower mortgage rates? Lower home prices? What does the 2024 Florida housing market look like?
Years of soaring prices and a limited inventory of for-sale homes has stressed buyers for years, but today’s market remains a profit goldmine for most sellers.
Not getting what you want when using ChatGPT? Here’s how to take your prompts to the next level.
The Mortgage Bankers Assoc. predicts a decline from 2021’s $816B to $442B this year as interest rates keep rising and supply/demand’s future remains murky.
Historic rental increases couldn’t continue forever. The addition of more units and drop in new residents has weakened demand and dinged rental prices.
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%.
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.
One day this won’t be true as artificial intelligence (AI) improves, but most computer-generated content currently has some traits that say, “Hey, I’m from AI.”
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.
