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National Association of Realtors: 3rd Quarter U.S. Home Prices up 4.8%, Sales Down 2.6%

WASHINGTON – Nov. 1, 2018 – Low inventory levels of moderately priced homes continued to stifle home sales, even as it maintained the trend of increasing metro market prices, according to the latest quarterly report by the National Association of Realtors® (NAR). The national median existing single-family home price in the third quarter was $266,900, up […]

Florida.’s Home Sales, Median Prices, New Listings up in 3rd Quarter

ORLANDO, Fla. – Nov. 1, 2018 – Florida’s housing market had more sales, higher median prices, more pending sales and more new listings in 3Q 2018, according to the latest housing data released by Florida Realtors®. Closed sales of single-family homes statewide totaled 72,843 in 3Q 2018, up 7.5 percent from the 3Q 2017 figure. […]

Listing a Haunted House? Millennials Won’t Care

unsplash-logoNathan Wright SANTA CLARA, Calif. – Oct. 30, 2018 – Realtor.com released its annual Haunted Real Estate Report and calls the 2018 findings “spookier than one might expect.” The report found that one in three people – especially millennials – were willing to take a chance on a haunted home if there was something to […]

NAR Buyer/Seller Study: Women a Force, First-Timers Struggle

WASHINGTON – Oct. 29, 2018 – Single female buyers continue to be a powerful force in the market, while low inventory, rising interest rates and increasing home prices hold back first-time buyers despite their high interest in buying a home. The just-released National Association of Realtors®‘ (NAR) 2018 Profile of Home Buyers and Sellers also identifies numerous […]

Is Florida Looking at a Renter Crisis if Amendment 2 Fails?

TALLAHASSEE, Fla. – Oct. 9, 2018 – Vote by mail (Absentee) ballots have been mailed for the 2018 general election, which means Florida is just over a month away from choosing a new governor, a new cabinet, new congressional representatives and a host of other elected officials. It also means Floridians will soon be considering a […]

Florida Homeowners’ Equity Increased by $1.50 Per Hour

ORLANDO, Fla. – Oct. 2, 2018 – The average Florida homeowner saw a $13,009 year-to-year equity gain in the second quarter, which is slightly less than the national average of $16,200, according CoreLogic. Overall, Florida home equity appreciated almost $1.50 an hour. However, the state also has a notable number of homeowners who are still […]

NAR: Pending Home Sales Dip 1.8% in August 2018

WASHINGTON – Sept. 27, 2018 – Pending home sales fell slightly in August and have now decreased on an annual basis for eight straight months, according to the National Association of Realtors®. The Pending Home Sales Index, a forward-looking indicator based on contract signings, decreased 1.8 percent to 104.2 in August from 106.1 in July. […]

Florida Housing Market: Positive Trends Continue in August 2018

ORLANDO, Fla. – Sept. 20, 2018 – Florida’s housing market reported more sales, more new listings and higher median prices in August compared to a year ago, according to the latest housing data released by Florida Realtors®. Sales of single-family homes statewide totaled 26,273 last month, up 4.2 percent compared to August 2017. “August marked […]

The recession 10 years later: Big changes in RE market

WASHINGTON – Sept. 18, 2019 – At midnight on Monday, Sept. 15, 2008, Lehman Brothers filed what would become – and remain – the largest bankruptcy proceedings in U.S. history. It was a high-watermark of the Great Recession. Today, a decade later, American financial and lending systems look vastly different, thanks in part to safe […]

New Home Construction In Deltona Sees Little Change From The First Half Of 2017 to the First Half Of 2018

New Home Permits Issued According to data from the City of Deltona’s Construction Services Division, Deltona’s new construction permits issued from January 2018 through June 2018 were down only slightly from one year previously. In the first half of 2017, 85 permits were issued for new single family residences this is one more than were […]