Help First-Time Home Buyers
NAR: First-time buyers comprised 34% of all home buyers in 2021 and the share is rising. Real estate pros can help them understand the market and manage expectations.
Best Time to Buy a Home is Week of Sept. 25
Realtor.com: Despite rising interest rates, fall is the best season to buy for hopeful homebuyers when it comes to home prices, competition and inventory.
Florida Citrus Acres Getting Squeezed
Fla. citrus growers are using 32,046 fewer acres than last year, down about 8%. It’s 53% less than growers used 20 years ago, partially due to development pressures.
Fla. Yards 6th Smallest in U.S. as Lots Shrink
HouseMethod: Fla. yards average about 11,043 square feet per home, less than half of U.S. average lot size of 25,240 square feet. Meanwhile homes are getting bigger.
Domain and Page Authority for Real Estate?
These measures are different, but both affect search engine optimization and help determine how a real estate agent’s website will stand out.
Lawmakers Back Insurer Ratings Proposal
A panel OK’d a proposal to spend $1.5M to look at alternatives for insurers to get adequate financial ratings. Options may include creating a public rating agency.
U.S. Inflation Falls for 2nd Straight Month
Falling prices for gas and cheaper used cars slowed inflation, though consumer prices still rose 8.3% in Aug. Prices rose 8.5% in July and at a 9.1% peak in June.
Hottest Housing Markets Facing a Painful Reset?
Some experts expect a “globally synchronized housing market downturn” over the next 2 years, as factors like interest rate hikes and inflation impact households.
Cost of Services to Keep Inflation High
Experts say that high prices could be around for a while because inflation in services like transportation, recreation, food services and more haven’t peaked yet.
Lake County Farmland Vanishing
Rising land prices around Orlando are pushing development outward to Lake County. As a result, farmland and a rural way of life are diminishing.