Thinking of moving to Florida? If so, you are not alone. People are moving to Florida more than any other state except Texas. So, why are people moving to Florida? Sure taxes are relatively low, there is economic opportunity but the main reason is this: The warm temperature is still the main driver of relocation […]
What Is The Real Price of A Home?
What is the real price of a home? It is almost reflexive to say that home prices are high these days. “Of course they are high and going higher every day”, according to popular opinion. We always like to look at the data in Alachua County and Marion County to see what is happening in […]
Surge in New Construction Homes
There was a surge in new construction of single-family homes in November, driven by robust demand and lower interest rates, as reported by the National Association of Home Builders (NAHB) on Tuesday. The overall housing starts rose by 14.8% in November, reaching a seasonally adjusted annual rate of 1.56 million units, according to a joint […]
Hometown Heroes Has Extended The Program
Hometown Heroes has extended the program from the State of Florida which supports full time workers in Florida in buying a home. The Florida Housing Finance Corporation (Florida Housing) has announced the reopening of the Hometown Heroes down payment assistance program, thanks to an infusion of an additional $36 million. This initiative provides financial support […]
Home Prices Increase in over 82% of US Markets
In the third quarter of 2023, over 80% of metropolitan markets (182 out of 221) experienced increases in home prices, as reported by the National Association of Realtors® (NAR). This occurred during a period when the 30-year fixed mortgage rate fluctuated between 6.81% and 7.31%. According to the latest quarterly report, double-digit price growth was […]
Florida Hometown Heroes Program
The Florida Hometown Heroes Program is still available to help first time home buyers get into a home. There are some builders in North Central Florida who work with lenders using Hometown Heroes as an option. The thing to know is that not every lender is participating in this program. We have a list of […]
Buying A Home Is Stressful Says New Study
A recent Qualtrics study commissioned by Redfin indicates that U.S. homebuyers find the process of purchasing a home to be more anxiety-inducing than dating. Redfin’s Chief Economist, Daryl Fairweather, commented on the findings, stating, “While getting ghosted by a date can be stressful, buying a home in today’s market introduces a unique set of anxieties. Rising housing […]
Florida Becomes 2nd Most Valuable Real Estate Market
According to Zillow, Florida has now taken the second spot in the U.S. housing market, surpassing New York. This shift is largely attributed to Florida’s rapid population growth during the pandemic, which caused the state’s real estate market to surge from about $2 trillion in January 2020 to $3.8 trillion in June. Having Florida 2nd […]
Understanding Home Inspections
As a buyer, a understanding home inspections is a crucial step in the homebuying process. It helps you understand the condition of the property you are considering purchasing and identify any potential issues or repairs that may need to be addressed. Here’s what you need to know about a home inspection: 1. Purpose: The primary […]
Preparing Your Home for Sale
Preparing your home for sale involves several key steps to make your property more appealing to potential buyers. The goal is to showcase your home in its best possible light to maximize its value and make a swift sale. Here are some of the essential tasks involved in prepping a home for sale: 1. Clean […]