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”
The average Florida homeowner gained approximately $14,000 in home appreciation year over year during the 3rd quarter of 2020. The surge in appreciation was the largest since 2014 when we were exiting the great recession. Washington State saw the largest increase nationally increased equity at $35,800. Please contact Ed Curry at 941-799-9440 if you areContinue reading “14K Appreciation for FL Homeowners”
There are approximately 1.4 million Florida homeowners who would benefit from refinancing their homes because of lower mortgage rates according to a national research. firm. These homeowners are high quality refinancing candidates because they have at least 20% equity in their homes and a credit score over 720. Florida is second in the nation inContinue reading “$309 Average Monthly Savings”
Nationally, October saw a large increase in foreclosure filings from the previous month. Miami was in the top 5 cities nationally. Some homeowners may be unaware that mortgage lenders have instituted forbearance programs and loss mitigation departments to help struggling homeowners due to COVID-19. Please contact Ed Curry at 941-799-9440 if you are thinking ofContinue reading “Foreclosure Filings Increase 20%”
Almost 50% of builders reported supply disruptions in a recent national survey. Shortages were reported in: lumber, appliances, flooring and hardware. Some builders are reducing home buyer product choices to more readily available inventory. Additionally, some builders are using escalation clauses. If the home building material costs increases over a certain amount, the home buyerContinue reading “Builders Are Dealing With Supply Shortages”