Browsing Posts In: florida

Anticipated Increase in Homeownership Rate

July 4, 2017

The rate of homeownership has progressively fallen since the Great Recession from 70 percent to an estimated 64 percent today. Housing industry experts say that new data indicates an approaching increase in the homeownership rate for the current year. Real estate-focused website Trulia has evaluated the Census report and uncovered that owner households formed at two times the rate of renter households during the first quarter of this year. Per Trulia, this is an indicator […]

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2017 Hurricane Season Predictions and Preparations Checklist

June 27, 2017

The National Oceanic and Atmospheric Administration (NOAA) is predicting an active hurricane season. It estimates there will be five to nine hurricanes, with two to four of them being major storms. A weak El Niño could make for a more active hurricane season this year. The NOAA just recently said there is a 45 percent chance of an above normal season, a 35 percent chance of a near-normal season and only a 20 percent chance […]

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University of Florida Survey Indicates Sharp Increase in Consumer Sentiment Statewide

April 11, 2017

Consumer sentiment among Florida residents increased in March to the highest level in 15 years, according to the most recent University of Florida (UF) consumer survey. University of Florida’s most recent consumer survey results indicate a consumer sentiment reading of 99, the highest rate since March 2002 and the second-highest rate since November 2000. The lowest index possible is a 2, while the highest possible is 150. All components that the index is based on […]

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Florida Real Estate and Economy Remain Strong

April 4, 2017

The sale of single-family homes across the state of Florida totaled 18,033 for February 2017, down just 0.5 percent when compared to February 2016. Despite rising housing prices and continued inventory shortages, Florida’s economy and real estate market remain relatively strong and developing. “Florida’s economy is growing, with more jobs being created,” said 2017 Florida REALTORS® President Maria Wells. “And a growing economy boosts the state’s housing sector as well. However, many local markets are […]

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Builders Plan to Put Emphasis on Entry-Level Housing Market

March 28, 2017

  Low inventory levels in the housing market have created continuing issues for the residential real estate market, with interested homebuyers facing competition and rising costs. In an effort to ease shortages, builders are planning to put emphasis on the entry-level housing market, as well as march forward with townhome, condominium, and overall single-family home new construction projects. Builders are aware that inventory levels need to increase and that the demand is there. However, they […]

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