Tag: Manatee County

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Real Estate

U.S. Homeowner Equity

While Florida homeowners still have a relatively stronger position compared to the average U.S. homeowner, it is worth noting that the average U.S. homeowner with a mortgage experienced a decrease in home equity for the first time in over a decade. According to real estate data tracker CoreLogic, among the approximately 63% of U.S. homes with a mortgage, the average homeowner equity per borrower was $274,070 in the first quarter. This figure reflects a 1.9% decline from the same quarter in the previous year.

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Home Selling Real Estate

Not All Offers Are Equal

Florida Realtors has provided the helpful infographic below with information for sellers to consider in addition to price.

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Home Buying Home Selling Real Estate

On Investor Activity

Investor purchases dropped almost by half year-on-year in the 1st quarter of 2023 as elevated interest rates along with declining rents and housing values ate into potential profits, according to a report from Redfin. Of total home sales, investors had a 17.6% share.

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Home Buying Investing in Rentals Real Estate

Investing in Real Estate

Sentiment is down, does that mean the prospect of higher returns is up?

According to a recent Gallup poll, real estate remains a top investment choice for Americans, although its popularity has decreased to a five-year low. In April, 34% of respondents selected real estate as the best place to invest their money, out of options including stocks, bonds, gold, and savings accounts. This poll has consistently ranked real estate as the preferred investment for the past decade.

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Home Buying Home Prices Home Selling Real Estate

Manatee SFH Market Update

While new listings remain relatively low, the market for single-family homes in Manatee County is continuing to be very healthy. We are getting a mixed bag of signals in the transaction data, which continues to indicate that neither buyers or sellers have a significant advantage in negotiating power. For example, while home sales are down YoY, the median sales price is up significantly. Another set of offsetting data is that while cash sales are down YoY, new listings are also down. As long as we have some statistics that lean towards a buyer’s market and others leading to a seller’s market, we are likely to continue to see market balance in Manatee. See the below infographic from Florida Realtors for more information.