Similar to home buyers, renters now prefer smaller metro markets. The advantage of more open space and lower costs are the driving forces. COVID-19 changed people’s ability to work from home. Larger metro areas like San Francisco and San Jose saw double-digit rent decreases. Conversely, some smaller Metro areas saw double-digit increases in rents. PleaseContinue reading “Renters Prefer Smaller Metro Areas”
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”
(1) Not getting a mortgage pre-approval. This is step one period. (2) Shopping for a home you cannot afford. Know your budget and don’t go over it. (3) Using a shady mortgage lender. Incompetent lenders will blow up your home purchase. (4) Submitting a lowball offer. Many home sellers will not even respond. (5) BuyingContinue reading “5 Common Home Buying Mistakes”
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!”
New single family home sales are up nationally almost 14% from June to July. There is a real shortage of existing home inventory for buyers to choose from. Many buyers are looking to new home builders to fill their needs. In the Sarasota/Manatee County area our inventory of homes for sale in slightly over aContinue reading “Buyers Choose New Construction Because of Existing Home Shortage”