Buyers Get Ready: 2023 Florida Real Estate Predictions

Buyers Get Ready:
2023 Florida Real Estate Predictions

With the new year just around the corner, it’s time for 2023 Florida real estate predictions! Whether you are curious about Florida housing market predictions or have narrowed down your search to homes for sale in Davenport, FL, we have the information you need to move forward confidently as a buyer in 2023. The forecast for 2023 Florida real estate is promising for buyers as experts in the industry predict there will be lower prices and less demand. While rate increases continue to stay at higher-than-average rates, there are many opportunities for savvy buyers and investors when looking at homes for sale in Florida. Here are some Florida real estate predictions buyers should consider when…

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Central Florida Real Estate Market Recap of November 2022

Central Florida Real Estate Recap of November 2022

November had the lowest number of monthly home sales in nearly four years, dating back to January 2019.

November 2022 Recap

State of the Market

• Overall sales fell from October to November. There were 1,996 sales in November – down 26.5% from 2,716 sales in October. This is the lowest number of monthly home sales in nearly four years, dating back to January 2019.
• Overall sales in November 2022 were 45.5% lower than November 2021 when there were 3,664 sales.
• Inventory in November 2022 was 136.3% higher compared to November 2021, when it was recorded at only 3,046 homes.
• Inventory rose slightly, from 7,128 homes in October to 7,197 homes in November. This is…

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7 Things to Consider in Picking a Retirement Home in Florida

7 Things to Consider in Picking a Retirement Home in Florida

There comes a time in life when you start thinking about retirement and what you want that to look like. While the timing of retirement is likely fresh on your mind, so is where you want to retire. As options for senior living communities and retirement homes continue to grow, you have a greater say in how you want to spend your retirement. One of the most popular places in the country to retire is Florida, thanks in large part to its warm weather year-round. Other perks of retiring in Florida include access to world-class health care, accessibility, cost, and more. Florida retirement opportunities continue to increase as more people decide to retire in the Sunshine State. Here’s what you…

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The Best Places in Florida for Real Estate Investing

The Best Places in Florida for Real Estate Investing

Are you interested in learning more about owning an investment property in the Sunshine State? Florida real estate investing can be a worthwhile and rewarding endeavor for your business. When it comes to finding the best places in Florida for real estate investing, you want to choose locations and communities that will provide the maximum return on investment. Whether you are interested in short-term or long-term rentals, the Florida real estate market has a lot to offer current and future investors. In fact, Florida real estate investing boasts some of the highest profits in the nation, thanks in large part to the many gorgeous beaches and attractions in the state. This article will help you…

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Did Hurricane Ian Impact the Florida Housing Market?

Did Hurricane Ian Impact the Florida Housing Market?

In late September of 2022, Hurricane Ian blew through the Gulf of Mexico and landed on the shores of Lee County, Florida. The hurricane caused a lot of damage and destruction, but it couldn’t quite put a damper on Florida’s real estate market for long. Florida continues to experience a red-hot housing market with continued demand for homes and investment properties alike. Even the southwest region impacted by the Category 4 Hurricane Ian is experiencing an upturn in home purchases and improvements in the rental markets just months afterward. While a temporary downturn in real estate markets and local economies is to be expected after such a huge event, it hasn’t caused a lasting negative impact…

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Why Interest Rates Keep Rising and How It Affects Buyers

Why Interest Rates Keep Rising and How It Affects Buyers

As you hear about interest rates rising, you might find yourself weary of buying a home. The Federal Reserve will periodically raise interest rates in an effort to stabilize prices and cool down the economy in the hopes of slowing inflation. These short-term interest rate hikes can have ripple effects on the economy. When the Fed raises interest rates, this impacts borrowing, particularly with higher loan amounts. However, homebuyers can still find great homes for sale in Kissimmee, FL, and work with a real estate broker to select a mortgage that works best for their finances.

What Is Causing Interest Rates to Rise?

You might be wondering what causes interest rates to rise. Various…

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Central Florida Real Estate Market Recap of October 2022

Central Florida Real Estate Recap of October 2022

Inventory Rose for the Eighth straight month in a row with current inventory at 7,128 homes on the market.

October 2022 Recap

State of the Market

• October’s interest rate was recorded at 7%, a 10% increase from September when the interest rate was 6.3%. The last time interest rates were this high was May 2002.
• That 7% interest rate in October 2022 was 131% higher compared to October 2021 when the interest rate was recorded at just 3%.
• Inventory rose 3.5% from September to October, from 6,884 to 7,128. This is the eighth straight month of inventory increases.
• Inventory in October 2022 was 109.3% higher compared to October 2021, when it was recorded at 3,406…

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Should You Buy a House in a Florida Gated Community?

Should You Buy a House in a Florida Gated Community?

When searching for your next home, you may come across a variety of options that include gated communities. This type of residential community offers more than just a gate at the entrance and exit to the neighborhood. Owning a home in a gated community can be a great bonus for prospective buyers looking at Florida homes for sale with fantastic amenities and a solid return on investment. Consider a Florida gated community during your homebuying search and learn more about the nuances of owning a home in this type of neighborhood. We will provide you with all the details you need to know and help you determine whether a gated community is the right choice for you!

Decide Whether a Florida Gated…

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Rent-Back Agreement: Why Sellers Might Need It

Rent-Back Agreement: Why Sellers Might Need It 

When working in a hot housing market, the intense competition for homes can create complications for sellers planning their next move. If you are selling a primary residence, you have important factors to consider, like how long it might take to find your next home and what you will do in the interim. If your home sells quickly before you have secured a new primary residence, you will want to look at all your options for housing in the meantime. One such option can be what’s known as a rent-back agreement, which has become increasingly popular in the latest housing market boom.

What to Know About Rent-Back Agreements

When navigating both selling your primary home and buying a new home, you end…

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Central Florida Real Estate Market Recap of September 2022

Central Florida Real Estate Market Recap of September 2022

Due to the increase in interest rates, Sales have dropped 18.3 % when compared to August.

September 2022 Recap

State of the Market

• September’s interest rate was recorded at 6.3%, a 19.5% increase from August when the interest rate was 5.3%.
• Overall sales in September dropped by 18.3% for a total of 2,717 sales compared to 3,324 sales in August.
• Overall sales dropped 28.3% in September 2022 compared to September of last year.
• The median home price for September 2022 was recorded at $365,000, a decrease of 3.4% compared to August’s median home price, $377,750. This is the third month in a row that the median home price has fallen.
• Inventory rose…

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