The infographic below from Florida Realtors provides tips on ensuring your next home purchase is successful.
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Buying Right
Tag: Manatee County
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Housing Inflation
Housing inflation has remained relatively high even as overall U.S. inflation has significantly cooled from pandemic-era peaks. Economists point to this slow decline in housing costs as the main factor preventing the consumer price index (CPI) from reaching policymakers’ targets. Housing accounts for 36% of the CPI, the largest share compared to other categories like food and energy, as it is the biggest expense for the average household. Consequently, movements in shelter prices have a significant impact on inflation readings.
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Home Selling Tips
Here are some tips from Real Simple and Florida Realtors on how to sell your home more quickly. With inventories higher than we have seen in a while, putting your best foot forward is important when trying to sell your home.
Given how much inventory has risen year over year (almost 70%), it is surprising how much everything else in the market has stayed virtually constant. Sales volume, pricing, and cash sales as a percent of total sales re almost unchanged, inventory has risen from less than 2 months of sales to more than 3 months of sales. So, what does it all mean? Well, the market still favors sellers to some degree, but homes are now on the market for a more reasonable amount of time. Also, homes that have no business selling at the initial asking price are generally not selling at or above that price. I tend to prefer this type of market as there is some level of negotiating leverage no matter whether I am representing buyers or sellers. See the infographic below for more information from Florida Realtors.
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Golf Course Living
Florida is absolutely teeming with golf courses. It was one of the first things my family noticed when we moved here from up north. It seemed like our options were either living by the water or living on a golf course – and that was it. While there is much more variety, many neighborhoods are indeed designed around courses. I have experienced both options since moving to Florida, living by the water and on a golf course. Although we ultimately prefer the latter, it does have its downsides. Here are some pros and cons of living on a golf course based on my personal experience.