Tue Mar 14, 2023 on Florida Real Estate
While there still are residential home buyers waiting to buy until mortgage rates lower and with home appreciation prices slowing, there are nevertheless opportunities for homebuyers in the new construction market. Why? High construction costs, rising interest rates, inflation, and buyer concerns concerning job security all pose challenges to builders, According to the National Association of Home Builders (the NAHB), sales […]
Wed Mar 8, 2023 on Florida Real Estate
Commercial workspaces are evolving as more people split their time between home and office. As a result, there are innovative ideas as to how the future of commercial real estate will evolve in terms of rethinking office designs in order to not only accommodate a growing hybrid work force but also encourage workers to spend time at the office. Picture […]
Fri Feb 24, 2023 on Florida Real Estate
There seems to be a pricing disconnect between would be homebuyers and sellers these days. Why? Homebuyers want to offer lower contract offers and yet sellers still want to obtain higher than normal sale prices as they enjoyed last year. Although mortgage interest rates near 7%, buyers still face elevated sale prices. What are the reasons for continued, elevated sales […]
Thu Feb 9, 2023 on Florida Real Estate
While mortgage rates are still well above the 3% range from a year ago, the average 30 year home loan rate has fallen a full percentage point for the high 7% in November, bringing new buyers into the housing market. In fact, mortgage applications are up reportedly by a quarter since the end of last year, and Redfin reports that the […]