Come check out our newest listing in Palm Coast! If you're looking for to enjoy some peace and tranquility this is the home for you. This 3 bedroom, 2.5 bathroom 2022 renovated home. Better than new, and move in ready with all of the upgrades you could want. Everything was renovated with care and an eye for detail. Quartz countertops in the kitchen and bathrooms, 2 car garage and an oversized backyard...
It's time we go back to 2019. Every meeting I go on I get asked, "how's the housing market?". My answer is usually the standard "down from where we were late in 2021 and early 2022. But that wasn't sustainable." The reality is, the covid pandemic put the housing market into a snow globe. Shook it up and as a result record low interest rates, remote work, and a free Florida. Next thing you know, a...
The Florida Housing Market has looked much different than the national average. This is great news for Florida home owners who were worried about a recession depleting the value of their home. According to Redfin.com 37,000 more people were searching to move to Florida versus people searching to move out. That's the highest difference in any state. Compare that to California in which more than 53,000...
It's been a while since I talked about new construction. My first article was in June and I expressed concerns then about what could happen with new construction. You can read that here. Since than, it's only gotten worse. New construction sales fell to their lowest levels in more than two years. While this isn't surprising since the housing market in general has nearly come to a stand still. The number...
If you're a home buyer, this might be your last buying opportunity for some time. Since January of this year mortgage rates have increased consistently from 3% to 7% today. Many experts believe we could see interest rates around 9-10% next year. If you're a buyer looking to purchase in the next 12 months this might be your best opportunity. Last week, mortgage rates for a 30 year fixed dropped .5%! This...
This October Housing Market Update is an interesting one.... Imagine you purchased a home anytime before March of this year. 30 year fixed mortgage rates were below 4% and you've just purchased a $300,000 home. Your monthly payment on your beautiful home is $1,400 a month. But you decide, you don't like the layout and you didn't know your neighbor was about to start a terrible garage band. You decide to...
Global economics continues to send waves of volatility throughout the US markets. How is it effecting our housing market? In the United Kingdom, one of my favorite places to visit. Their new PM Liz Truss stepped into office and immediately began sweeping tax cuts across the country. This greatly impacted their economy forcing the Bank of England to step in to buy up bonds to keep borrowing cost down and...
Today I wanted to compare today’s housing market from this time last year in Florida’s biggest cities. Jacksonville Housing Update: New Listings – Down 18.4% YoY Active Listings – Up 11.75% YoY Pending Home Sales – Down 33.46% YoY Median Sale Price – Up 18% YoY Median Sale Price – Down 3.5% From July Orlando Housing Update: New Listings – Down 11.2% YoY...
I now can't get "Where have all the Cowboys gone?" out of my head. You're most welcome. Lets move on... and my have things changed from a year ago today. This time last year I was working with more than a dozen serious buyers. As a good agent I was telling them to act fast and if our offer got accepted then we'll do our due diligence. Now I'm telling my buyers, if you can wait a few months I'd do so. Why...
Today we’re going to review housing data for each city in Volusia County.