In May 2024, the real estate market saw a significant decrease in transactions, dropping by 25% compared to May 2023. Despite the increase in listings by 56%, fewer transactions were completed, indicating potential buyer hesitation or market saturation. Interestingly, while the list price remained stable at $505,000, the sales price increased by 10% to $438,000, suggesting strong buyer competition for...
Pending home sales took a hit in April, dropping 7.7%, as reported by the National Association of REALTORS®. All four U.S. regions saw declines both month-over-month and year-over-year. The Pending Home Sales Index (PHSI), which predicts future home sales based on contract signings, fell to 72.3 in April. Compared to last year, this is a 7.4% decrease. For reference, an index of 100 matches the...
Since interest rates began climbing in 2022, the share of buyers paying cash for homes has increased, reaching 41.1% in the first quarter of 2024. This trend is driven by buyers seeking to avoid financing costs and those who can afford to skip financing being more active in the market. While cash sales are common in high-end markets, they are also growing in smaller, more affordable markets and fringe...
DON'T MISS THIS OPPORTUNITY! This charming end unit townhome features 3 bedrooms and 3 bathrooms, nestled in the desirable golf community of Grande Champion at LPGA International in Daytona Beach. Located off US92, it's just a short drive from Daytona International Speedway and the World's Most Famous Beach. The expansive living area seamlessly blends the living, dining, and kitchen spaces,...
Just as you care for the major systems inside your home, incorporating regular cleaning practices is crucial for promoting efficiency and prolonging the lifespan of your appliances. By adopting these habits, you can maintain a well-functioning home that thrives in Central Florida’s climate. Here’s how you can do it effectively. Importance of Cleaning Your Dryer: Prevents Fire Hazards: Regular...
The commercial real estate industry has experienced significant shifts in recent years, influenced by various economic, technological, and societal factors. Understanding these trends is crucial for investors, developers, and businesses alike. Here's an overview of the current state of the commercial real estate industry, highlighting key trends and offering insights into what the future might...
Just as you care for the major systems inside your home, incorporating eco-friendly home maintenance practices is crucial for promoting sustainability and reducing your environmental footprint. By adopting green habits, you can maintain a healthy, eco-friendly home that thrives in Central Florida’s climate. Here’s how you can do it effectively. Importance of Eco-Friendly Home Maintenance:...
Nearly 17 years ago, two friends transformed travel by launching Airbnb. What began as an air mattress on a San Francisco apartment floor has evolved into a global network with nearly 8 million properties, generating over $250 billion in revenue from 1.5 billion stays. This innovative platform has redefined travel accommodations, providing travelers with unique options and property owners with new income...
When you're ready to sell your property, first impressions are crucial. Staging your home before listing can make a big difference in attracting buyers and getting a good price. Staging means arranging furniture and décor to show off your home's best features and create a welcoming atmosphere. Staging your home helps potential buyers imagine themselves living there. A well-staged home can make rooms...
Owning a home comes with many responsibilities, including the need for homeowners insurance. This vital coverage protects your property and possessions against various risks, but it can also be a significant expense. Fortunately, there are several steps you can take to lower your homeowners insurance premiums while maintaining adequate coverage. Increase Your Deductible One of the simplest ways to reduce...