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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 […]

Florida Population Growth Estimates

Bureau of Economics and Business Research, Florida Population Studies Florida could see a population growth of nearly 1.3 million citizens as Baby Boomers look for more enticing environments to move to for their retirement years. Volusia County is estimated to see as much as a 5.4% population growth between 2018-2020. This influx of new dwellers […]

Floridians’ consumer confidence hits 17-year high

GAINESVILLE, Fla. – April 30, 2019 – Consumer sentiment in Florida reached its highest level in 17 years, increasing 1.4 points in April to 102 from a revised figure of 100.6 in March. These levels of confidence have not been observed since March 2002 when consumer sentiment reached 102 points. Among the five components that […]

More Buyers May Qualify For Zero-Down Rural Loans

WASHINGTON – Feb. 14, 2019 – Prisons and military bases are commonly located outside small, rural towns and often they’re the biggest employers and economic drivers around. But that’s been a double-edged sword – until now. A town with a population greater than 35,000 isn’t considered rural under federal Rural Housing Service (RHS) guidelines, even […]

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 […]