Fla. Unlikely to Feel Impact from Slowing Market
Wary buyers and rising interest rates may affect some U.S. markets, but Fla.’s rising demand and lack of construction will probably offset a potential cooldown.
Wary buyers and rising interest rates may affect some U.S. markets, but Fla.’s rising demand and lack of construction will probably offset a potential cooldown.
The additional $20M grant won’t provide direct rental relief – it will fund legal services and representations for families facing eviction.
Realtors should avoid giving tax and legal advice. And when they talk or respond to clients, they should document all their communications.
Dues remain $150 but the Realtor advertising special assessment will increase by $10. 2019 Florida Realtors Pres. Eric Sain is Region 5 vice president.
South Fla. sales of single-family homes priced $1M and up have basically remained stagnant since 3Q 2021 – but still higher than pre-pandemic levels.
For buyers, higher interest rates mean less home for the money. But the market may benefit if those rates create a better balance between the number of buyers and sellers.
Over $31B was invested in RE tech firms in 2021. Looking ahead, metaverse and blockchain technology may have a significant effect on the future of real estate.
Homeownership rates for Asian Americans were at 61.2% in 4Q 2021. Home sales have grown the most among millennial and female Asian Americans.
ATTOM: May, June and July offer seller premiums of 10% or more above market value. The top 15 best days to sell are in the month of May.
Having a baby is often a leading housing decision, prompting new families to buy a home or desire a larger home, according to NAR research.