Gov. DeSantis signed SB 102, the broad-based pro-housing bill backed by Florida Realtors, into law on Wed. It “does so many amazing things,” says Pres. Mike McGraw.
The confidence index rose from 103.4 (Feb.) to 104.2, with future outlooks rosier than current ones. Many consumers plan to cut down on “highly discretionary” spending.
Jan. prices rose 3.8% compared to 5.6% in Dec., in part due to up-and-down mortgage rates. But Miami ranked No. 1 with a 13.8% jump, with Tampa No. 2 at 10.5%.
When sales decline, agents look for ways to trim pennies – but it’s not always a smart move to cut back on some expenses. Consider how it could impact business.
In Feb., the number of buyers searching listings outside their state dropped 3.6% year-to-year – but those looking locally fell 14.4%. 5 Fla. metros are top go-to spots.
Rising mortgage rates and still-high prices have pushed pandemic hot spots – notably those with a significant tech sector – to cool faster than other metros.
In Fla.’s four biggest metros, a comparison of median women’s salaries to list prices finds that fewer than 3% can afford to buy a home. Nationally, it’s 8.9%.
A blog can go international for agents who hope to find a bigger client base – and a focus on business-to-business topics may do that too.
Buyers may need to shop around for a mortgage. If clients pulled money from a regional bank or deposits went down, the bank may make it harder to qualify.
An exhaustive pro-housing bill – one of Florida Realtors’ top priorities – passed the Legislature on Friday. It now needs only Gov. DeSantis’ signature to become law.
