Real Estate News in the Central Florida Area and Around the Country.

How Will Tariffs Affect the Housing Market in Florida?

If you're considering buying or selling a home in Florida, you're likely aware of the challenges in today's real estate market. Beyond the usual factors, tariffs on imported materials are adding another layer of complexity. These tariffs are increasing construction costs, which in turn are influencing home prices and market dynamics. Understanding how tariffs real estate policies impact the housing market can help you make informed decisions.

What Are Tariffs and How Will They Affect Real Estate?

Tariffs are taxes imposed on imported goods, thereby increasing their cost. In the context of real estate, tariffs on materials such as lumber, steel, and aluminum are increasing construction…

1762 Views, 0 Comments

Read Full Post

First-Time Home Buyer Programs & Loans Available in Florida

Embarking on the journey to homeownership in Florida is both exciting and challenging. The state's vibrant communities, sunny landscapes, and diverse housing options make it a desirable place to live. However, the financial demands of purchasing a home can be daunting, especially for first-time buyers. Fortunately, there are numerous first-time home buyer programs in Florida designed to make homeownership more accessible. These programs offer financial assistance, favorable loan terms, and educational resources to guide you through the process. Understanding these options can empower you to make informed decisions and achieve your homeownership goals.

Available Programs for Florida…

806 Views, 0 Comments

Read Full Post

How to Reduce Property Taxes in Florida

Reduce Property Taxes

Owning a home in Florida comes with many benefits, but property taxes can be a significant expense. The good news? There are several ways to reduce your property tax bill and keep more money in your pocket. By taking advantage of exemptions, assessment limitations, and other tax-saving programs, Florida homeowners can lower their annual costs without sacrificing their financial well-being.

If you're wondering how to reduce property taxes in Florida, here are some of the best strategies to consider.

How Can You Reduce Property Taxes in Florida?

In today’s economy, every expense adds up, and property taxes are no exception. Fortunately, there are several ways to lower your tax burden, helping you save…

3952 Views, 0 Comments

Read Full Post

Central Florida Real Estate Recap of February 2025

With Orlando's housing inventory on the rise, buyers have more options, which has contributed to a recent increase in overall sales and pending sales as we approach spring


State of the Market

  • Overall sales increased by 21.3% from January to February. There were 1,514 sales in January and 1,837 sales in February.
  • Pending sales rose by 20.7%, with 3,320 in January and 4,006 in February.
  • Inventory for February was recorded at 12,411, up 6.1% from January when inventory was recorded at 11,697.
    • This is the highest inventory since October 2014.
  • The median home price for February was recorded at $385,000, up from $375,000 in January.
  • February’s…

2417 Views, 0 Comments

Read Full Post

Central Florida Real Estate Recap of January 2025

Sales slowed in January coming off of the holidays, which is typical for this time of year

State of the Market

  • New listings spiked 68.1% from December to January, with 4,220 new homes on the market in January, compared to 2,510 in December.
  • Inventory for January was recorded at 11,697, up 16.4% from December when inventory was recorded at 10,049.
    • This is the highest inventory since July 2015.
  • Pending sales rose by 24.8%, with 2,661 in December and 3,320 in January.
  • The median home price for January was recorded at $375,000, down from $380,000 in December.
  • January’s interest rate was recorded at 6.8%, up from 6.5% in December.
  • Homes…

1693 Views, 0 Comments

Read Full Post

Central Florida Real Estate Recap of December 2024

2024 data reveals that demand for homes held strong as inventory rose and buyers adjusted to higher interest rates

2024 Annual Market Recap

(Cumulative 2024 totals compared to cumulative 2023 totals)

  • The overall median home price in 2024 was recorded at $385,000, an all-time high and increase of 3.9% compared to 2023 when the overall median home price was recorded at $370,500.
    • 2023 previously held the record for highest overall median home price.
    • For further comparison, the overall median home price in 2022 was $365,000.
  • Overall sales in 2024 decreased by 7.1% with a total of 28,321 sales. Overall sales in 2023 were recorded at 30,499.
      …

1899 Views, 0 Comments

Read Full Post

Why Is Housing Inventory So Low & When Will It Increase?

why-is-housing-inventory-so-low

Many buyers and sellers are asking, “When will housing inventory increase?” The limited supply of homes for sale has made finding the right property challenging, driving up prices and frustrating potential homeowners. To understand when conditions might improve, we’ll explore the root causes of low housing inventory, current trends that may signal relief, and how these factors specifically affect the Florida housing market.

If you’re considering Davenport, this guide on the pros and cons of living in the area can help you make an informed decision.

What Is Causing the Housing Inventory Shortage?

The housing inventory shortage in the U.S. isn’t just a recent phenomenon—it’s the result…

1170 Views, 0 Comments

Read Full Post

When Will Real Estate Prices Drop In Florida? Best Time to Buy

With Florida’s beautiful weather, appealing tax policies, and unmatched lifestyle, it's no surprise that Florida has become one of the hottest real estate markets in the country. Over the last few years, home prices in Florida have been on a steady upward climb, making many wonder: Is Florida real estate prices dropping soon, and is there an ideal time to buy? While Florida remains highly desirable, potential buyers are eager to find the right moment to make a move, especially as economic pressures influence market conditions. 

Navigating the market with an experienced real estate agent can make all the difference in finding the best opportunities.

Let’s dive into what’s driving…

2026 Views, 0 Comments

Read Full Post

Central Florida Real Estate Recap of November 2024

The Orlando Real Estate Market is considered 'Balanced' for the first time since 2011. 

State of the Market

  • The supply of homes in Central Florida rose to 6.43 months in November, up from 5.45 months in October. A balanced market is six months of supply.
    • February 2011 was the last time there was a six-month supply of homes.
  • Inventory for November was recorded at 11,604, up 2.2% from October when inventory was recorded at 11,357.
  • November’s interest rate was recorded at 6.7%, up from 6.4% in October.
  • The median home price for November was recorded at $380,000, down from $388,990 in October.
  • Homes spent an average of 67 days on the market…

752 Views, 0 Comments

Read Full Post

Central Florida Real Estate Recap of October 2024

Orlando saw a Drop in the nine-month streak of rising inventory in October, even as interest rates rose back into the 6.0s

State of the Market

  • Inventory for October was recorded at 11,357, down 1.8% from September when inventory was recorded at 11,560. This breaks a nine-month streak of rising inventory.
    • Inventory in October 2024 was still 45.4% higher than in October 2023.
  • October’s interest rate was recorded at 6.4%, up from 5.9% in September.
  • The median home price for October was recorded at $388,990, up from $380,000 in September.
  • Homes spent an average of 60 days on the market (DOM) in October – up slightly from 58 in September.
  • …

901 Views, 0 Comments

Read Full Post