Fla. Realtors Chief Economist: At $410K, it’s the same as April 2022, ending an 11-year (135 months) run of rising year-over-year prices. But condo prices rose 4.8%.
NAR President Parcell told a U.S. House committee that first-time homebuyers need support – but new loan fees by FHFA are “another hurdle to owning a home.”
NAR’s 4 reports paint a picture of the current RE market. The info helps new agents get up to speed and can also help identify “best bang for the buck” marketing
Overall housing starts increased 2.2% in April and the single-family component rose 1.6% – a gradual improvement, though down 28.1% year-to-year.
Would you buy a home priced 30% below comps if the repair costs could be anywhere between $1 and $100K? Auction homes are high risk/high reward.
Low unemployment puts workers in the driver’s seat, postponing hoped-for boosts to the office market. On Wall Street, only 20% of firms require full-time office work.
Marketing usually involves videos or the written word, but “scent marketing” – a just-cleaned smell or flowers, for example – taps into consumers’ emotions.
A free June 9-11 event in Washington will feature some outside-the-box affordable housing solutions. Two Fla. companies are exhibitors; some events will be online.
U.S. News & World Report for 2023-2024: Sarasota ranked No. 5 and Naples No. 6. Fla. cities landed 7 of the top 50 spots and 12 of the top 100 spots.
A solid budget plan sometimes needs revisiting if income drops. A number of strategies can help agents cut back, with the first step low-hanging fruit: Impulse buys.
