If you've followed my blog posts, you'll understand that I'm always honest about the state of the housing market. Today, I have some great news for home buyers: now is the time to buy! Why do I say that? For the past two months, mortgage rates have begun to decline. They were in the low 8% range in September/October, but today they are in the low 7% range. This means that buying a home is becoming more...
In the realm of homeownership, a 4-point inspection report often holds significant importance. This specialized assessment delves into the crucial components of a residence, providing valuable insights for both homeowners and insurance providers. Let's delve into the intricacies of 4-point inspections and their role in safeguarding your investment. The Purpose of a 4-Point Inspection A 4-point inspection...
Daytona Beach tourism is down for a number of reasons. According to Volusia County, Bed Tax Collections decreased by 5.7% percent in the county. These are fees the county collects every time someone stays in a hotel, motel, or lodging in the area. This first and biggest reason is that the pandemic-fueled tourism boom is over. During the pandemic, many people were looking for an open and affordable...
The Economist Intelligence Report was just released this year. They measure the highest cost of living and determine the most expensive cities to live in every year. The cost of living survey prices rose by 7.4% year on year in local-currency terms. This is down from the 8.1% increase reported in last year's survey, but it is still significantly above the trend in 2017-2021. Singapore maintained its...
As an experienced real estate agent in the Daytona Beach area, I've helped countless clients find their dream homes. One of my most recent successes was selling 100 Meadowbrook, a charming three-bedroom, two-bathroom residence nestled in a peaceful neighborhood. Right from the start, I knew this property had the potential to appeal to a wide range of buyers. Its spacious layout, well-maintained interior,...
According to the NAR, here are some interesting facts about sellers who sell their home "for sale by owner". An all time low, 7% of recent home sales were FSBO 57% of owners already knew the buyer FSBO's sold for significantly lower than their original list price FSBO's sold for much less than the selling price of their comparable homes FSBO's sold at a median of $310,000, much lower than...
According to NAR here are some interesting facts about Home Sellers: The median age of sellers in the United States was 60 years old in 2022. The primary motivation for selling a home was the desire to live closer to friends and family. Followed by, the home is too small and then change in family situation. Sellers reside in their homes for a decade before deciding to sell. A significant...
Here are some interesting stats about the home search process: Over 40% of recent homebuyers began their search online, while 20% started by contacting a real estate agent. Over 90% of recent homebuyers found their real estate agent to be a valuable source of information. Homebuyers typically spent 10 weeks searching for a home, viewing a median of 7 homes in person and 4 homes online. A...
According to NAR here are some fun and interesting stats about Homes Purchased: 87% of buyers purchased a previously-owned home 13% of buyers purchased a new construction 45% of new construction buyers did so to avoid renovations and problems with the previously-owned home Single-family homes were the most popular choice for recent homebuyers, with 79% of buyers opting for this type of...
According to NAR here are some fun and interesting stats about Home Buyers: Despite a rise to 32% from 26% last year, the proportion of first-time homebuyers remains below the 38% average that has prevailed since 1981. The average age of first-time homebuyers dipped slightly to 35 years old this year, from 36 years old last year. Meanwhile, the average age of repeat homebuyers also declined,...