Florida Realtors economist: Many sellers today plan to overprice their home, but overpricing isn’t new. Lead sellers to smart decisions using charts that show local trends.
FHA, VA and USDA loans may be assumable, along with a few conventional loans. If so, buyers who can pay off equity might qualify for a lower interest rate.
Some SW Fla. officials hope for change, but if destruction surpasses 50% of a home’s value – not including the land – it falls under newer and costlier building codes.
From the Federal Reserve’s perspective, they’re starting to win the fight against inflation if home prices are going down.
Fla. metros remain popular with outside-the-city homebuyers. In a 3Q top-state popularity contest, Fla. has 5 metros in the top 10 and Calif. has 2.
Sept.’s S&P CoreLogic Case-Shiller 20-city price index found a year-to-year increase of 10.4%, but Miami (up 24.6%) and Tampa (up 23.8%) led the nation.
Bucking a national trend, Sunshine State consumers expressed more positive attitudes about their current conditions and the future, both short- and long-term.
