The increase breaks a pattern of declines, says Florida Realtors Chief Economist O’Connor, as prices rose 1.3%. For 3Q 2023, though, sales were down 3.2%.
Median home prices rose 2.8% year-to-year under NAR’s seasonally adjusted formula, and the inventory of unsold existing homes climbed 2.7% month-to-month.
If you can tell what’s trending by looking at the words becoming more common in listings, expect demand for brutalism, sensory pathways and cold plunge pools.
Do buyers have a right to know that a listing comes with a ghost? In Fla., probably not – but states’ laws vary on what ghost-adverse buyers deserve to know.
An oversight tool that connects all tech formats has not yet been perfected. And while some agents live off technology, others largely ignore it.
Frustrated with the lack of existing-home inventory, more buyers turned to new construction in Sept. despite mortgage rates that topped 7%.
What’s in a name? Some people thought “affordable housing” was a giveaway and “workforce housing” didn’t catch on. “Attainable housing” is the latest moniker.
To promote affordable housing, HUD says rental income from an accessory dwelling unit will be considered for FHA loans. It outlined the policy details yesterday.
First-timers, new to the process, want to cross all T’s and dot all I’s. Scammers use this to trick real estate novices into doing unwise things.
In Fla., median income is less in six metros and higher in three, ranging from an $88.7K yearly income in Lakeland (up 13.4% year-to-year) to $143K in Miami (up 33.4%).
