The Median Prices in Florida’s Housing Market Increased in August.
Median prices for single-family homes rose 2% to $415K, while condo median prices increased 6.2% to $324K YoY. According to Chief Economist O’Connor, mortgage interest rates continue to be the dominant factor. Florida’s housing market reflected familiar trends in August: statewide median sales prices rose YoY while sales slowed, according to the latest data from […]
Wealthy young professionals are relocating from New York and California.
An analysis of 2021 tax data shows even high-earning millennials are increasingly attracted to low-cost locales. Where are they going? Florida tops the list. CONYERS, Ga. – They’re young, they’ve got money, and they’re on the move. A recent analysis by SmartAsset found that New York and California lost the most residents aged 26 to […]
$200,000 High-earning households are moving to these 10 states, with 5 in the South.
It’s worth noting that a household income of $200,000 is higher than what the majority of people in the United States earn. In fact, according to Census Bureau data, only 12% of households in the U.S. have an annual income of $200,000 or more. For most Americans, $200,000 can provide a comfortable financial cushion. However, […]
Are you considering overpricing your home? It’s like playing Russian roulette.
If you’re a homeowner, you’ve likely taken great care of your home over the years, both for your enjoyment and to boost its resale value. Now that you’re preparing to sell your home, it’s understandable to want to be fairly compensated for your hard work. However, avoiding letting sentimental attachment to the property influence your […]
What Home Features Are High on Buyers’ Lists? By Amber Bonefont
Homes with a steam oven, quartz finishes in the kitchen or hurricane shutters/windows typically sell for a higher price than the average Fla. home. FORT LAUDERDALE, Fla. – With spring-buying season in full swing, home sellers eager to see their properties sold quickly could benefit from having certain features in their house, a new analysis […]
Mortgage Rates Lowest in 5 Weeks at 6.35% By Alex Veiga and Melissa Winder
Freddie Mac’s chief economist calls current rate movements a “sideways trend” – up a little, down a little. Last week, the 30-year, fixed-loan rate was 6.39%. LOS ANGELES (AP) – The average long-term U.S. mortgage rate fell this week to its lowest level in five weeks, welcome news for house hunters looking for an edge […]
