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ULI: 8 Real Estate Trends Emerging from the Pandemic

By Melissa Dittmann Tracey Due to COVID-19, the migration from cities to suburbs has accelerated; multifamily developers no longer have amenity wars to attract new residents; and health and wellness movements are emerging in hotels, offices and more. WASHINGTON – Because of the COVID-19 pandemic, some housing trends will accelerate, some will come to a […]

HUD: More than Half of Renters Spend 30%-Plus for Housing

By Kerry Smith The American Housing Survey found that 51.4% of renters spend 30% or more of their family income on housing; 13% of households with someone 55 years of age or older live in an age-restricted community; and 11.3% of all households had cockroaches within the past year. WASHINGTON – According to the new […]

Interest Rates Remain Stable And Home Sales Continue To Increase Despite Low Inventory.

By: Allen Thompson, Broker & Realtor Home sales continue to increase in West Volusia in spite of declining inventory levels. Low mortgage rates remain stable amidst the strong housing market. According to Freddie Mac, for the week ending September 3, 2020, the average 30-year fixed rate mortgage was at 2.93%, up just slightly from 2.91% […]

U.S. Housing Supply Reaches All-Time Low

Realtor.com: Housing inventory dropped 13.6% in Jan. – the steepest year-over-year decline in over four years. The current supply of for-sale homes in the U.S. is the lowest it’s been since realtor.com began tracking it in 2012. It’s down 10%-20% in the four Fla. cities tracked. SANTA CLARA, Calif. – National housing inventory declined 13.6% […]

Florida Housing Market: Median Prices & Pending Inventory Up in August

August’s statewide single-family home median price up 4.2% to $265K, sales up 3.2% year-to-year. Condo median price up 2.7% to $190K, sales down 2.9%. ORLANDO, Fla. – Florida’s housing market reported rising median prices and more pending inventory in August compared to a year ago, according to the latest housing data released by Florida Realtors®. […]

Report: Inventory and List Prices Drop Unexpectedly

From realtor.com According to realtor.com, its total number of listings declined 1.8% year-to-year in Aug., but median list prices also surprisingly dropped 1.8% month-to-month. CHICAGO – Housing inventories grew tighter in August following what had been a year of improvement – and median listing prices saw their largest July-to-August drop since 2012, according to realtor.com’s […]

NAR: Pending Home Sales Climb 2.8% in June

It’s the second consecutive month with the number of listings under contract increasing and the first pending-sale year-over-year increase after 17 months of declines. WASHINGTON – Pending home sales continued to rise in June, marking two consecutive months of growth, according to the National Association of Realtors® (NAR). Each of the four major regions recorded […]

Home Affordability Unchanged – But at a 10-Year Low

NAHB: A modest increase in interest rates offset a slight decline in home prices to keep housing affordability essentially level in the fourth quarter of 2018. WASHINGTON – Feb. 14, 2019 – A modest increase in interest rates offset a slight decline in home prices to keep housing affordability essentially level in the fourth quarter of […]

Rent vs. Buy? FAU Sees it Still Moving Closer to ‘Rent’

BOCA RATON, Fla. – Dec. 5, 2018 – U.S. metropolitan residential real estate markets are peaking and some cities are in another pricing bubble, according to the latest national index produced by Florida Atlantic University (FAU) and Florida International University (FIU) faculty. The Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index estimates wealth creation […]