Homeowners with mortgage rates too low to give up aren’t listing their homes, pushing buyers to the new-home market – an economic boon for builders.
What do homeowners do if they’re preparing to sell? Predictive analytics looks at lots of those variables to predict which people are most likely to sell soon.
NAR’s chief economist calls 2023 so far “a real downer,” with sales 23% lower. As pent-up demand grows, the “market can easily absorb a doubling of inventory.”
Florida Realtors: YOY single-family home median price flat at $420K, supply at 2.8 months. YOY condo median price also remains the same at $325K, supply at 3.6 months.
U.S. single-family home starts fell 7% in June after four consecutive increases, but permits – an indication of future home builds – were up 2.2%.
The Fla. Legislature’s demographic office says that the state had 22.6M Floridians in April, and predicts it will have 25.1M by April 2032 – an almost 11% increase.
A federal hidden-fees initiative led major rental websites to announce “total rental fees” notices early in the process: Zillow, Apartments.com and AffordableHousing.com.
A federal judge heard arguments from a lawsuit to block Fla.’s new law restricting some property purchases by Chinese citizens. A decision is not “super imminent.”
What makes a city “best” for first-timers? WalletHub looked at 22 key indicators, such as attractiveness, affordability and quality of life. Top of the list? Palm Bay.
As a percentage of all homes, it’s the lowest one in at least a decade. In the suburbs, it’s a bit higher at 1.6%, but that’s one-third less than the 2.4% in 2019.
