Homes within a 2-mile radius of an airport sell for over 13% less than homes in the same zip code. Sellers near a railroad saw values decrease by over 12%. Busy highways reduced sale prices by over 11%. Data per realtor.com® Please contact Ed Curry at 941-799-9440 if you are thinking of selling or purchasing a home.
Homeowners in Sarasota County saw the median sale price increase from $297,000 to $350,000 for single-family homes in December. That was a year over year increase of 17.8%. Manatee County saw an increase from $335,000 to $357,900, a 6.8% increase. The limited inventory of homes for sale and surging demand by buyers driven by historicallyContinue reading “Housing Market Wealth Grows”
Florida gained 241,256 new residents from July 2019 to July 2020 according to the U.S. Census Bureau. Florida was second in the nation in population growth behind only Texas. COVID-19 and higher home prices in other Northern urban areas may be partly responsible for the population growth according to experts. Please contact Ed Curry atContinue reading “The Move is On!”
Lower mortgage rates have increased the purchasing power of buyers by an average of more than $33,000 from one year ago. That is almost a 7% increase from last year. Increased home prices, however, are negating that increase in purchasing power. Home prices have seen average increases nationally of over 8%. Please contact Ed CurryContinue reading “Buyer Purchasing Power Goes Up $33,000+”
A recent survey of 5,000 Americans indicated that people are saving more than before the COVID-19 outbreak. Almost half of those surveyed said their spending has decreased. People working from home are saving on commuting costs and that may be one of the reasons. Additionally, with millions of unemployed, people are feeling a need toContinue reading “Americans Are Saving More Money $$$$”