Category: Housing Market Reports

Home trends you should look for during your home search in 2021 As 2020 caught us spending more time at home, homeowners began rethinking how they would use their homes in the new year. Some homeowners may even end up listing their current home to take advantage of the booming… Read More

Rental market prices will probably stabilize in the first half of 2021, with possible dips in urban areas as more working-from-home renters move to the suburbs Many renters transitioned into homeownership during the pandemic, with rental demand and prices dropping in major cities like New York and San Francisco,… Read More

Home sales boomed, mortgage rates repeatedly hit record lows & rising values bolstered homeowners’ equity No doubt, 2020 has been a uniquely challenging year. With unemployment still above pre-pandemic levels, the country coming to terms with longstanding racial inequities, Americans worrying about natural disasters, a contentious national election and the… Read More

Orlando home sales have 25% spike in October; buyers ‘shocked at how fast things are getting snapped up’ For Hannah Young, listing her house on Halloween proved not to be scary at all. “By Tuesday, we had 10 showings,” the Winter Park resident said. Before the week was done, she… Read More

Pent-up buyer demand and record-low mortgage rates have been “driving factors” in Florida’s housing market in the third quarter Florida’s housing market reported strong gains in the third quarter of 2020 even as the coronavirus pandemic continued, with more closed sales, rising median prices, more new listings, and more new… Read More

The average 30-year, fixed-rate mortgage broke its all-time record low for the 11th time this year Freddie Mac’s Primary Mortgage Market Survey released Thursday found that the average rate for a 30-year, fixed-rate mortgage fell to an all-time low of 2.80%. That’s down slightly from last… Read More

Florida’s single family for sale inventory hits record low, making it the best time to sell Florida homeowners: There’s never been higher demand for your home. Economists generally consider a six-month supply of for-sale homes (inventory) to be balanced between buyers and sellers. An inventory greater than six months is… Read More

Here a 3 common Coronavirus real estate myths that need debunking Some Americans may be under the impression that high unemployment rates and recession are prompting a gloomy housing picture. They’re wrong. Home buyers may be in for a surprise, and homeowners may be missing out on opportunities if they… Read More

Central Florida home sales fell because of coronavirus, but buying and selling continues As the aftershocks of the coronavirus pandemic permeate into nearly every part of life in Orlando and beyond, there is one thing that, surprisingly, has so far continued on just about the same as before: buying and… Read More