New home construction shoots up 22.6% in July
New home construction continues to climb, as privately owned single-family housing starts in July were at a seasonally adjusted annual rate of 1.496 million, a 22.6% jump from June, according … Continue reading
U.S. home sales and median price soar to a record in July
Existing-home sales jumped 25% in July from June, beating the prior record gain of 21% set a month earlier, as low mortgage rates fueled demand for real estate. Sales of … Continue reading
Housing starts report confirms housing market recovery
The Census report on new construction showed a whopping 22.6% increase above the revised June estimate in housing starts in July. Year-over-year starts are up 23.4%. This means we can … Continue reading
Recovery Report: All 4 Fla. Metros Exceed Pre-Pandemic Levels
If the Jan. Fla. real estate market was “normal,” today’s market is even better in the four metro areas tracked by realtor.com’s Recovery Report. The U.S. report declined slightly this … Continue reading
Luxury home prices gain steam, but still lag behind gains of less expensive homes
High-end luxury home prices are staying strong after the rollercoaster ride the housing market has been on this year. The median sale price for luxury homes in the U.S. rose … Continue reading
Hey, Landlords: Your Renters Want 3D Tours Too
More than 60% of renters say the pandemic has affected their search for an apartment, and 1 in 4 (27%) said they’d like to be offered live, personal unit tours. … Continue reading
Affordable Housing in Fla. Gets Boost Through New Law
The new law – a Florida Realtors’ priority during the 2020 session of the Florida Legislature – expands zoning for affordable-housing sites along with other changes. Governor Ron DeSantis signed … Continue reading
In South Fla., There’s a Buyer’s Market – for Condos
Greater Downtown Miami has more than 30 months of condo supply and 100 months of luxury units, according to an MLS data analysis by Condo Vultures Realty. According to an … Continue reading
Survey: 65% of Past Open-House Attendees Would Do So Again
While fewer people touch every surface and open every cabinet, 2 out of 3 buyers who attended an open house within the past year would do so again. About half … Continue reading
Why Do People Choose to Live Where They Live?
Survey: Long-term home satisfaction is a quality-of-life issue. For many, “I love my house” means “I love my community – a safe place to work and recreation options.” Why do … Continue reading