As the 30-year rate dropped from 6.9% to 6.36% and some home prices fell, Miami buyers averaged 8.3% savings in just two months and Jacksonville buyers 7.4%.
The average new-home size dropped 45 square feet to 2,480 in 2022, says NAHB. It predicts home sizes will expand this year before dropping again in 2024.
That’s a 51% increase from the year before. “There’s a big supply problem, and that’s keeping profitability up,” says Jeff Lichtenstein of Echo Fine Properties.
While Americans’ attitudes declined a bit in Jan., a monthly UF study of Floridians found a 1.4-point increase overall with an uptick in expectations for the future.
Home builders are holding their major convention in Las Vegas this week, and their chief economist thinks rates will “normalize” in the second half of the year.
Since people love friends and generally avoid salespeople, a call to “check in,” or an “I stopped by with this small gift” makes you seem more like a friend.
Appraiser Qualifications Board chair: Appraisal bias “a threat to the public’s trust in the appraisal profession.” Proposed changes would mandate fair-housing education.
In the latest 20-city index, U.S. home prices rose 7.7% year-to-year and dropped 0.6% month to month. But two Fla. cities, Tampa and Miami, saw different results.
FHA says foreclosure protections during the pandemic “successfully helped millions of borrowers,” so it's offering them to every homeowner with an FHA loan.
Some details such as the number of bedrooms must be in every ad. But to sell the listing, writing should be interesting, concise and matched to the audience.
