SEATTLE – Almost 1 in 5 U.S. homebuyers in the third quarter were investors rather than homesteaders, according to an analysis by Redfin economists. That percentage of investor buyers is an increase from 16.1% in the second quarter and 11.2% in 2020’s third quarter. That means investors bought a record 90,215 homes in the third…
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ORLANDO, Fla. – Glass joined the list of building materials in short supply. A range of industries, including shower door manufacturers and window installers, report glass shortages. Nearly two-thirds of home builders cited windows as their biggest material shortage, according to a recent survey from John Burns Real Estate Consulting. Rounding out the top four…
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TALLAHASSEE, Fla. – Even in a robust market, some homes may have a difficult time attracting buyers’ attention. It’s important for agents to get creative and overhaul a struggling listing to find the right buyer. Having appropriate staging in a home is essential so potential buyers can envision how they would live in the space.…
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If you’re in your 30s and thinking about buying your first home or upgrading to a larger house, here are crucial things to consider to make your homebuying dreams a reality. Is it the right time for you to buy? The best time to buy a home depends on two personal and crucial questions. “First,…
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GAINESVILLE, Fla. – Consumer sentiment among Floridians dropped for a third consecutive month in October to 71.3, down 3.6 points from a revised figure of 74.9 in September. It’s also down 5 points from a pandemic low recorded in April 2020. All five components that make up the index declined. Current conditions: Floridians’ opinions about…
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High lumber prices are returning, and homebuyers should brace themselves for its impact. Lumber prices can affect not only the cost of a new home, but also many remodels, such as decks and flooring. After peaking in the spring, lumber prices had been falling this summer, but that respite appears short-lived. In August, lumber prices…
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NAPLES, Fla. – It may be getting more expensive to live, but Southwest Florida remains at the top of the “Best Places to Retire” in the country, based on the latest research by U.S. News & World Report. The state’s metros led the way in the annual findings released this morning by the magazine, with…
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ORLANDO, Fla. – Building permits reflect future growth, and U.S. contractors appear to be betting heavily on the Sunshine State. A study of government numbers compiled by Omnis Panels compared 2021 building permits for the first half of the year, through June, and compared them to building permits issued for the same timeframe one year…
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U.S. home builders started construction on homes at a seasonally-adjusted annual rate of 1.56 million in September, representing a 1.6% decrease from the previous month, the U.S. Census Bureau reported Tuesday. Compared with September 2020, housing starts were up 7.4%. The pace of permitting for new housing units also dropped in September. Permitting for new…
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TALLAHASSEE, Fla. – In the aftermath of the collapse of Champlain Towers South in Surfside, Florida, state lawmakers and other stakeholders looked closely at existing laws and asked what could be done to avert a similar tragedy going forward. The building collapse killed 98 residents on June 24, 2021. In response, the Florida Bar created…
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