Not surprisingly, COVID-19 has influenced our home buying preferences to include larger properties with more space from our neighbors. The infographic below with more details is from FloridaRealtors.
Sorry, I don’t have one. That said, I am not sure even the best forecaster knows what next year will bring us in terms of changes in housing prices. I don’t recall ever going into a year where forecasts have been as varied as they are now (see below).
According to CoreLogic, home prices nationwide increased year over year by 18% in September 2021 compared with September 2020. On a month-over-month basis, home prices increased by 1.1% in September 2021 compared with August 2021. In Florida, we saw even more annualized growth, with year over year prices going up by 20%.