More Sun Belt Buyers Cancel Deals in Aug.
If a metro saw pandemic-era sales surge, it’s more likely to have skittish buyers canceling contracts in Aug. In Jacksonville, 1 out of 4 buyers walked away.
Big Drop in Percent of Buyer Bidding Wars
U.S. bidding wars dropped 2.6 percentage points between July and Aug, with Tampa dropping 11 points and Orlando down 12.4. Still, bidding wars rose 2.8 points in Miami.
Some Buyers Slowly Learn to Like Fixer-Uppers
Most buyers want a house, not a new project. But some eventually opt for a fixer-upper due to buying frustrations and the realization that sweat equity can be profitable.
Aug. Home Prices Drop a Bit in S. Fla.
In South Fla., median prices fell a bit in Aug., and many licensees see that as a good thing after months of price increases that were “neither normal nor sustainable.”
Promoting an Event on Instagram? Here’s How
A successful promotion takes planning. It should start with a two-week launch strategy that boosts content such as reels, videos, stories, etc.
Support Hometown Heroes – Support Amendment 3
Teachers, police and nurses should be able to buy a home in the communities they serve. Amendment 3’s new property tax break can help make that happen.
Using SunStats in a Changing Market
Florida Realtors economist: If market changes challenge Realtors, sellers’ heads must be spinning. Use SunStats to help clients understand what’s going on.
Fed Message: Inflation Fight May Cause Recession
Fed Chair Powell hoped for an economic soft landing but said it’s increasingly unlikely. “I wish there were a painless way to (get inflation down),” he said. “There isn’t.”
iBuyer Opendoor Reports Losses as Markets Shift
When home prices were rising, the iBuyer made “easy profits,” but some think its losses now – 42% of all its Aug. sales – mirror Zillow’s failed iBuying venture.
Roller Coaster Ride for Fla. ‘Insurer of Last Resort’
Fla. wants to minimize the number of policies in state-operated Citizens Property Ins., but the number has skyrocketed and plunged over its two-decade existence.