Rents Are Falling the Most in These Former Pandemic Hotspots
Rental prices in the 50 largest U.S. metros dropped by 0.6% in August, with the median rent reaching $1,752 per month, according to Realtor.com. This marks the fourth consecutive month of year-over-year rent declines for studios and one- and two-bedroom properties. While rents are dropping, they remain above pre-pandemic levels, with costs being 23.7% higherRead …
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Florida Housing Market Update: August 2023
Closed sales of existing single-family homes were up on a month-over-month basis in August, but that’s likely in part due to August having a few more business days than July. As always, when we’re looking at very seasonal data like…
How Elevated Mortgage Rates Are Affecting Housing Starts
New-home construction dropped by 11.3% in August, falling short of expectations as builders shifted their focus from new starts to project completions due to elevated mortgage rates surpassing 7%. The annual pace of housing starts fell to 1.28 million, with single-family home construction posting a 4.3% decline and apartment construction plummeting by 26.3%, according toRead …
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DADE CITY FLORIDA New Construction homes for sale
Beautiful Dade City Florida (just north of Tampa) was basically a stranger to the new construction boom until recently. Now, new home buyers have their choice of different builders, neighborhoods, amenities and price point. In this video I will show…
Entry-Level Homes Are a Reach for First-Time Buyers
Starter homes—traditionally the entry point for first-time buyers—are now often out of reach for first-time buyers due to bidding wars and fast-rising prices in a market where median home list prices have surged 38%, mortgage rates have doubled, and the housing shortage has worsened over the last four years. The price of an “affordable” starterRead …
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Unleashing the Power of AI: Elevate Your Real Estate Marketing with ChatGPT
AI can save time, enhance organization, generate fresh ideas, and polish content to make it even more compelling. Find out what you need to know to leverage AI like ChatGPT in your real estate marketing while understanding its limitations and…
