Florida starter home prices have jumped since 2018, with rising rates and investor competition making it more difficult for first-time buyers.
More than 300K mortgage refinances closed in Sept. and Oct. – the most in 2.5 years – as borrowers took advantage of interest rates in the low 6% range.
Smaller firms can thrive in Florida’s booming market by leveraging local expertise, managing costs, building labor ties and partnering on larger projects.
Two new guides – Agency and Non-Agency Relationships and The Appraisal Process – help customers make informed decisions and highlight a Realtor’s value.
AARP said older adults want to stay in their homes but rising costs and limited options are barriers. Affordable, safe and accessible housing must be prioritized.
Florida saw 131K new residents in 2022-2023, while high-cost states like California and New York continued to experience population declines.
Real estate firms can boost stability and growth by reassessing processes, setting clear goals, leveraging technology, and enhancing client relationships and marketing.
The demographics of all-cash buyers in Florida include young families, retirees and people relocating locally and from out of state, one Realtor said.
Tenants have plenty of options for security measures that can be easily installed, including wireless cameras and motion lights.
The potential supply of empty-nest homes is not located in markets experiencing severe housing shortages. Younger buyers are moving to more expensive markets.
