Why Aren’t Homeowners Selling? Lots of Good Reasons
In 2010, owners stayed for 8.7 years; in 2020, it was 13 years. Pandemic worries, fear of a competitive market and ultra-low loan rates convinced many to hunker down.
In 2010, owners stayed for 8.7 years; in 2020, it was 13 years. Pandemic worries, fear of a competitive market and ultra-low loan rates convinced many to hunker down.
Also: A condo board member purchases units at foreclosure sales – but that’s not allowed, right? And are front-gate employees allowed to photocopy license plates?
Vacationers see private home rentals as a safer pandemic option, and demand has gone up. Fla. ranks second after Calif. with 154K listings and an occupancy rate of 55%.
Get ready for your close-up. Thanks to social distancing and Zoom meetings, buyers and sellers online expect to see faces telling stories.
Study: 47% of first-time buyers found that their budget allowed them to afford a larger house than they thought they could afford – but 21% had to lower expectations.
Florida Realtors economist: Marketing to out-of-staters and wondering which demographic group to target? The most-cited reason for moving to Florida is retirement (39%), but many others come for the jobs (23%), the lifestyle (21%) and family (17%).