This is just a friendly reminder that April 15th is the last day to file your 2023 taxes in the United States. Also, don’t forget that one of the best ways to mitigate liability is through the mortgage interest deduction.
Florida Realtors has put together the infographic below to help us understand how to ensure a global transaction in Florida goes smoothly.
Despite some concerns about an impending recession, unemployment rates remain low, which presents a mixed scenario for the housing market. In March, the U.S. saw the addition of over 300,000 jobs, as reported by the Labor Department, reducing the unemployment rate to 3.8% from February’s 3.9%.
Cash sales made up almost 50% of the closed transactions for single-family homes in Sarasota County in February. There is still money moving into this housing market. That said, listings are continuing to outpace closed sales at almost a two to one clip. As overall inventory is just under six months of sales, we are still in a well-balanced market. In other words, it remains a solid time to be either a buyer or a seller in Sarasota County. The infographic from Florida Realtors below contains more information.
For those of us living in Florida, we know that property insurance rate increases have been a real problem. Florida Realtors has put together the infographic below that shows there may be signs of improvement on the way.
