By now you have probably seen many headlines over the past two years highlighting the fact that many Americans have been moving out of the big cities and into suburban areas offering more space. While this is true in many cases, the data may show something different. Overall, the pandemic and resulting explosion in remote… Continue reading Are Americans moving less?
Most Americans that own homes have more than likely considered themselves “house poor” at some point. In simple terms, “house poor” simply refers to a feeling that housing expenses are higher than owners can typically handle. According to a study by Consumer Affairs, a majority of home owners found the price of home ownership to… Continue reading More homeowners feel “house poor”
No one will ever forget the June 24th, 2021 tragedy in Surfside, FL. On this day, the Champlain Towers South oceanfront condominium collapsed, killing 98 people. Although no cause of the collapse has been determined, records show the building had significant structural damage in its underground parking garage. At the time of this collapse, the… Continue reading Are more condo inspections on the way?
Moving can be an exciting time, but it can also be an expensive endeavor as well. As with most things these days, there are always hidden and surprising costs. One of these costs that can quickly add up are moving boxes. However, with a little planning ahead, you can avoid having to purchase moving boxes… Continue reading How to get moving boxes for free
Home pricing is the single most important thing that you will do when listing a home for sale. Although ensuring the home is clean, de-cluttered, & presentable is extremely important, even the most presentable home will not garner any buyer interest if it is overpriced. Unfortunately, the current seller’s market has created a pricing trap… Continue reading Common home pricing mistakes
Merry Christmas from Live South Florida Realty, Inc.!
The tight inventory of homes for sale has been a persistent challenge for some time now. With this said, it is not stopping buyers from searching for properties. According to the latest data from the National Association of Realtors®, existing home sales recorded a seasonally adjusted annual rate of 6.46 million in November. Although this… Continue reading A mixed bag for existing home sales
The demand for single-family home rentals has remained extraordinarily strong for the past year. Since the pandemic, many Americans have been moving out of multi-family units in search of single-family homes that provide more space. This led to single-family rent price growth throughout 2020. Recently, CoreLogic released its Single Family Rent Index (SFRI), which analyzed… Continue reading Record single-family home rent price growth
A stale listing is a home that has been languishing on the market for some time, and is not garnering much attention or offers. Oftentimes, buyers and their agents look at the total days on the market (DOM) for a listing to determine whether or not a listing is stale. In any market, a high… Continue reading How to bring a stale listing back to life
Overall, it is expected that Americans will have a better chance of finding a home to buy in 2022 than during 2021. With this said, the market will still remain ultra-competitive as first-time home buyer demand continues to increase. Although incomes are predicted to increase in the coming year, so will home prices, rents, and… Continue reading A whirlwind year ahead for home buyers?