Florida Realtors economist: Knock it out of the park through 2025. What can you do now to prepare for the buyers and sellers entering the market? Utilize digital tools, understand smart home features and attract remote workers to your market.
The new 2021 Generational Trends Report found that one in five millennial buyers (20%) and boomers (22%) are unmarried. And Gen Z is now 2% of all buyers and growing.
Starts hit a 14-year high in Dec. before seeing an unexpected drop (5.1%) in Jan. and then 10.3% in Feb. Building permits – a sign of future activity – also declined.
Any work change has major implications for commercial (where to invest) and residential (where to live) real estate, and new job ads suggest it’s a permanent trend.
Combine readily available data and you can market your services only to the local owners most likely to list a home soon. But most real estate agents don’t do that.
After April 1, Fannie and Freddie will buy fewer second-home mortgages. That increases lenders’ risks and will likely translate into higher fees and/or interest rates.
March confidence remained strong for buyer traffic, but late deliveries coupled with higher prices, notably for lumber, bumped builders’ confidence index down 2 points.
First-timers may have more flexibility than buyers who must sell a home first, plus access to more financing options like grants or down payment assistance.
Will Fla.-owned Citizens Insurance rates go up an average 7.3%? Fla. regulators questioned Citizens officials Monday and are analyzing the request.
National flood insurance will undergo a seismic change for homebuyers on Oct. 1, 2021, and for existing homeowners on April 1, 2022. Under “Risk Rating 2.0,” policy rates will be individualized based on a specific home rather than a general blanket rate based on flood zones.