Tag: Real Estate

New-Home Construction Improves Despite High Inflation, Rising Mortgage Rates, and the Shortage of Skilled Labor and Materials

The numbers: U.S. home builders started construction on homes at a seasonally-adjusted annual rate of roughly 1.79 million in March, representing a 0.3% from the upwardly-revised figures for the previous month, the U.S. Census Bureau reported Tuesday. Compared with March 2021, housing starts were up nearly 4%. Permitting for new homes occurred at a seasonally-adjusted…
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5 Ways to Bring a Stale Listing Back to Life

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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Buying a Home in Your 30s? Here’s Everything You Need To Know

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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UF: Floridians’ Consumer Confidence Down for Third Month

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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Those Falling Lumber Prices? They’re Going Back Up

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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Fla. Builders Investing Heavily in New Single-Family Construction

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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Construction on New Homes Slows as Supply-Chain Woes Hit the Housing Market

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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Lawmakers Consider Changes to Fla. Law After Surfside Tragedy

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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Condo Prices Are on the Rise in Florida

SANTA CLARA, Fla. – Priced out of the single-family market, more buyers are now turning their attention toward often a more affordable alternative – condominiums and townhouses. Over the past year, sales have rapidly been on the rise, whether for a permanent residence or even as a second home. Twice as many condos sold in…
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Fla.’s Housing Market: Median Prices, New Listings Up in August

ORLANDO, Fla. – Florida’s housing market reported higher median prices, more new listings and a rise in all-cash sales in August compared to a year ago, according to Florida Realtors® latest housing data. “The data shows that new listings continue to increase, which is hopeful news for buyers who may have been waiting to see…
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