Low levels of inventory mean that sellers continue to have the upper hand in the housing market. Mortgage rates have come down from their peak but are still high, and steep home prices are ... Continue to full article...
2024 Predictions
Florida's housing market saw a slight price increase in 2023, with median home listing prices above the national average. Predictions for 2024 indicate potential fluctuations in mortgage rates, prompting buyers and sellers to wait. Despite this, inventory needs to increase to meet demand. No housing market crash is expected in Florida in 2024. Decisions to buy or sell should be based on individual...
Home prices are expected to remain high in 2024, with limited inventory and high mortgage rates contributing to the elevated prices. Mortgage rates may fall slightly, but not significantly. Prospective buyers are advised to save for a down payment and work on improving their credit score. Wells Fargo and Chase savings accounts are not recommended for those looking for high-yield savings options. Income...
Inventory of single-family homes in Miami ↓ 14.3% yearly in October 2023 to 3.5K active listings. Condo inventory ↑ 9% yearly to 7.2K listings in October. Miami's total active listings at the end of October ↑ 0.1% yearly to 10.8K....
In September 2023, Florida's single-family home sales ↑ 6.1%, totaling 21,335 closed sales. The dollar volume of single-family home sales reached $12.2B ↑ 14.1% yearly. Florida's median sales price for existing single-family homes reached $409,243, reflecting ↑ 1.3%....