Did you know tight supply is keeping housing markets up? Low supply is still the overarching theme in US housing supply, and even though demand has been squashed by higher interest rates, the market is still a float. With everyone who purchased a home at record low interest rates there...
When in Doubt, Zoom Out
When in doubt, zoom out! When looking at single family closed sales over the past year in Florida, one of the hottest real estate markets in the world, the numbers tell us that the sky is falling. Closed sales have declined up to 40%to 15% year over year in all...
SINGLE FAMILY CLOSED SALES ALL OF FLORIDA
Overheated Florida real estate market has been showing signs of normalizing over the past year. Inventory is up to 2.7 months from less than 1 month although prices are up 3.5% year over year. Total closed sales are down 21.3% year over year and time to contract is up almost...
MORTGAGE RATE ON THE RISE: DISINFLATION VS DEFLATION
Credit: Mortgage News Daily Source: Matthew Graham
HOW TO ENSURE A FASTER SALE FOR YOUR HOLLYWOOD HOME
How to Ensure a Faster Sale for Your Hollywood Home Lifes challenges can come at you in a flash. A sudden, drastic change in your life circumstances might force you to pull up roots and move to another city, state, or country. An unanticipated financial crisis might leave you...
AUGUST HOME STARTS SURGE 12.2%. MULTIFAMILY MAIN CONTRUBUTOR
With residential single family sales cooling in the second half of 2022, there is an uptick in new construction multifamily units being built with the purpose of being rental units. Less and less buyers will be able to afford a new home with interest rates on the rise which mean...
Zillow and Opendoor team up for new iBuyer program.
With Zillow's inability to comp houses and Opendoors deceptive practices this should quite the tandem... Source:floridarealtor.org Credit: Kerry Smith
OPENDOOR DECIEVES HOME SELLERS. PAYS $62 MILLION FINE TO FTC
Ibuyer Opendoor Labs gets hit with fine from the FTC due to the company deceiving home sellers. https://www.ftc.gov/news-events/news/press-releases/2022/08/ftc-takes-action-stop-online-home-buying-firm-opendoor-labs-inc-cheating-potential-sellers Source:ftc.gov
SELLING YOUR HOUSE IN SUNRISE
Why Selling Your Sunrise Home for Cash Might be Your Best Option Life can come at you fast, and you’re not always ready. But as a homeowner, you have options. If you must sell a home quickly in Sunrise or the greater Broward County area to free up cash, relocate,...
BETTING ON A HOUSING MARKET CRASH? NOT SO FAST
Key take away. If everyone thinks something will happen, it often doesn't. Housing prices have historically been unaffected during these recessions. Nothing is a guarantee but its something to consider. Source: Youtube Credit: Logically Answered