Posts Tagged ‘florida real estate’
Four Western States and Florida at Most Risk for Wildfire Property Damage in 2022
According to CoreLogic’s newly released Wildfire Report for 2022, property owners in the Colorado Springs, CO and Santa Fe, NM metro areas run particularly high risks of property damage from wildfires. Wildfires commonly affect the Western U.S., but climate change and the region’s severe drought of recent years has only exacerbated the issue. Decreasing water levels…
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Orlando Home Prices Dip in July, First Time in 2022
According to the Orlando Regional Realtor Association, median Central Florida home price for July 2022 was at $380,900, a decrease of 1.6% compared to June 2022. This is the first time in six months that the median home price has fallen. Inventory jumped by 19.9% in a single month, from June to July – that’s…
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Foreign Buyers Purchased $59 Billion of U.S. Homes Last Year, Ending 3-Year Slide
China and Canada remained top foreign buyers in 2022, Florida still top target market According to a new report from the National Association of Realtors, foreign buyers purchased $59 billion worth of U.S. existing homes from April 2021 through March 2022, an 8.5% increase from the previous 12-month period and stopping a three-year skid in…
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New Program Gives Florida Homeowners Solar Panels And Battery Backup For $0
Power companies are not happy that homeowners are taking advantage of huge government solar programs to save $1,000’s in electricity costs. These Solar Programs may cover up to 100% of the installation cost. Why now, you ask? Good question. In just the past year or two, solar panels and battery storage costs have dropped fast, allowing solar to become…
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Here’s how to fight a higher-than-expected property tax bill
If the value of your home ballooned during the Covid pandemic, you may receive an inflated property tax assessment in the mail. There are ways, however, to combat a higher bill, experts say. Despite double-digit growth in single-family home prices, property taxes only increased by 1.8% in 2021, with an average payment of $3,785 annually, according…
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Real Estate Pros See Rentals as Lead Generators
Experienced real estate pros are turning to rentals to help expand their businesses and provide an added revenue-generating opportunity, finds a new study from RentSpree, a software provider for tenant screening, renter management, and more. In 2020, real estate agents with three years or more of experience were three times more likely to complete a…
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Developer moves forward with hotel and condos for beachside residential community
A Tennessee developer and a Space Coast construction company plan to bring a hotel and 147 condos to a mixed-use community in Brevard County’s coastal city of Satellite Beach. Memphis-based Woodshire-Brevard LLC, a firm related to Palm Bay-based construction firm Don Facciobene Inc., plan to build a 222-room hotel and three condominium buildings in the…
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Buyers Snatch Up New Listings as Quickly as They’re Available
Home sales could easily be 20% higher if more homes were for sale, says Lawrence Yun, chief economist of the National Association of REALTORS®. Existing-home sales—completed transactions for single-family homes, townhomes, condos, and co-ops—rose 0.6% in January compared to December 2020 and are up nearly 24% over a year ago, the National Association of REALTORS®…
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Home Sellers Are Feeling More Optimistic
As home prices rise by double-digit margins year over year, homeowners are increasingly viewing selling favorably. Consumers reported a significantly more positive view of homeselling conditions month over month in January, jumping 16 percentage points on net, according to Fannie Mae’s Home Purchase Sentiment Index, based on a survey of 1,000 consumers. “Overall, the index’s…
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Homeowners Are on a Home Improvement Spending Spree
As homeowners spend more time at home, they’re tackling household projects. The top reason for the increase in home improvement spending last year was to make a home better fit “lifestyle needs,” according to “The State of Home Spending: 2020,” a report produced by HomeAdvisor. Eighty-five percent of Americans surveyed reported spending more time at…
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