Monday, November 7, 2022

November 2022 Florida Market Report

  


 
USA and Florida November 2022 Real Estate Market Report.


Florida 

Mortgage Payments Accelerate Faster Than House Prices.

Property Claim time limit for hurricane Ian damage.

"Migration Patterns Continue to Drive Price Growth in the Southeast

U.S. home price growth continued to relax on a year-over-year basis in September, posting an 11.4% increase. As in previous months, Southeastern states put up significantly higher price gains than the national growth rate, with Florida again leading the country for the eighth consecutive month. Although rising mortgage rates continue to dampen housing demand nationwide, out-migration from more expensive states on the West Coast and in the Northeast is likely fueling homebuyer enthusiasm for properties in relatively more affordable Southeastern states. CoreLogic expects annual U.S. home price growth to continue to slow over the next 12 months to 3.9% by September 2023."



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Wednesday, September 28, 2022

Hurricane Florida Live Coverage

Hurricane Idalia


Coverage of Hurricane Idalia. In Florida August 2023.

View Hurricane Idalia Updates.



I sent this while watching The Texas Storm Chasers live.

Hurrricane Ian trapped people.

Hurricane Ian swamped South Florida.


Early reports from Florida.



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This page will be expanded upon. Please check back to read more updates about Florida hurricane Idalia, Ian. September 2022 Florida, USA. Updated August 30, 2023.

Saturday, September 17, 2022

Florida Real Estate Market Report September 2022

 

 
USA and Florida September 2022 Real Estate Market Report.


Florida Realtors market data report.

Sunstats For Market Shifts.

"Using SunStats Market Research Tool in a Changing Market

A look at how our custom market reports tool can help you stay on top of market shifts in your local area.

The breakneck pace of market changes has even the most seasoned Realtors experiencing whiplash. Just 12 months ago, homes were flying off the market as soon as they were listed and often with a very different set of terms (think waived appraisals and inspections and more all-cash offers) than typically seen. Some sellers were unlocking massive equity while buyers were getting into homes at historically low interest rates, boosting their purchasing power.


Smash cut to today where market conditions are starting to become vastly different. But how do you know if what you’re seeing in the field reflects a particular deal or if it points to a broader market trend? That’s where a peek into the data available exclusively to Florida Realtors members becomes invaluable."


Is now a good time to buy in Tampa, Florida?








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This page will be expanded upon. Please check back to read more updates about Florida real estate market reports for September 2022 Florida, USA. Posted September 18, 2022.

Tuesday, August 30, 2022

Move To Tampa Or Miami?

Tampa or Miami?

Move To Miami or Tampa?


Where do people want to move to now (August 31, 2022)? Miami, Florida; Tampa, Florida; Phoenix, Arizona; Sacramento, California; and Las Vegas, Nevada.


Florida's high speed Brightline train will connect Tampa, Orlando to Miami.



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This post will be expanded upon. Check back for more information about how to follow this blog about Real Estate in Florida, USA. Move to Tampa or Miami? Uploaded August 31, 2022.

Monday, August 22, 2022

How To Follow Florida Real Estate Blog

Start Following My Blog

 

Follow This "Real Estate In Florida" Blog

You can read the latest posts on your favorite blogs by adding them to the reading list on your Blogger dashboard. 


Buy Property In Florida, USA

Your Google profile, including your name and profile photo, will show up publicly as a follower of a blog when you use the Followers gadget. 

You can change your Google profile any time.

 To follow a blog anonymously, follow it from the Blogger dashboard or the Settings menu. 

From the blog’s Followers gadget Sign in to Blogger. In the blog that you want to follow, look for the Followers gadget. Click Follow. In the window that appears, click Follow. From your Blogger dashboard.

Sign in to Blogger. In the left menu, click Reading list Bookmark.

In the top right, click Manage reading list Edit. Click Add. Type the URL of the blog you want to follow. Click Next. Choose whether to follow publicly or anonymously. Click Follow.

Stop following a blog From your Blogger dashboard.

Come visit Florida. You might like it and want to stay.


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This post will be expanded upon. Check back for more information about how to follow this blog about Real Estate in Florida, USA. Uploaded August 23, 2022.

Saturday, August 20, 2022

Florida Real Estate Market Report August 2022



USA and Florida August 2022 Real Estate Market Report.


National Assoc. of Realtors market update.

"On July 27, 2022, from 12:00 –1:00 p.m. Eastern, NAR held its virtual Real Estate Forecast Summit: Residential Update event, which provided an outlook on the residential market. The discussion also included consideration of international activity in the residential market."

Mashvisor update for 2022.

"Growing Renter’s Market. Jumping off from the previous two points, Florida continues to attract thousands of in-migrants, causing an increase in housing demand. At one point in 2021, several Florida markets saw a 24% increase in a matter of weeks. 

To get a better idea of the growing housing demand in the state, consider Miami, Tampa, and Orlando. According to Mashvisor, the three metro areas recorded average monthly rental prices of $3,477, $2,462, and $1,906, respectively, for a three-bedroom home. One of the said cities would probably be the best place to buy rental property in Florida if you’re considering going with a traditional long-term rental investment strategy. 

Florida data also shows that while there is a rising demand for rental properties due to people relocating to the state, only 34% of housing units are being rented out. It means that there is a lot of room for growth in the traditional rental market.

Let’s not forget about vacation rentals. Florida remains one of the top tourist destinations in the US, with over a hundred million visitors annually. Although the pandemic caused a decline in tourist numbers in the Sunshine State, 2021 was still a pretty strong year as it hosted 122.1 million visitors. With the easing of travel restrictions, the number of tourists is expected to be higher in 2022"

A RE/MAX agent in South Florida talks about the 2022 Florida real estate market.

Are we in a recession? The possibility of a housing crash? Avoiding foreclosure. What is ahead for the rest of 2022?


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This page will be expanded upon. Please check back to read more updates about Florida real estate market reports for August 2022 Florida, USA. Posted August 20, 2022.

Friday, July 8, 2022

Florida Market Report July 2022

June 2022 Market Report

Real  Estate Market Report July 2022

From Inman News

"THE NEWS: Sellers are taking a more cautious approach when setting their asking prices as a greater share of their higher-shooting peers get burned. The median asking price of newly listed homes tracked by Redfin dropped by 1.5 percent in the four-week period ending June 26, the Seattle-based real estate company said in a new report.

Half of home listings in that period asked for $405,547 or less, a modest decline from the previous four-week period, which was an all-time high for asking prices in the U.S.

BEHIND THE NEWS: Meanwhile, the number of pending home sales was 13 percent lower than it was at the same time last year. Other measures of buyer demand have been in decline as well as mortgage rate hikes and continued price increases drive the typical home purchase into less affordable territory,"

"THE NEWS: The home market increasingly became the province of higher-earning households in the last three months as much of the country became priced out of purchasing the typical U.S. home. The median home purchase in the second quarter of the year would have taken up 31.5 percent of the same period’s average annualized wage of $67,587,"

"Moody’s: Housing Correction Coming – but No Crash

The Fed’s interest rate hikes will cause the “pendulum to swing back down” some places, but no crash if vacancies stay low and underwriting standards remain high.

NEW YORK – Moody’s Analytics Chief Economist Mark Zandi predicts that the latest Federal Reserve interest rate hike will cause a housing correction across the United States – but there won’t be a housing crash.

He suggests that the Southeast and Mountain West are the most overvalued housing markets, and the pendulum will swing back down. Cities and states due for a correction include Phoenix and Tucson in Arizona, the Carolinas, Northeast Florida, and above all, Boise – “the most overvalued market in the country,” according to Moody’s analysis."


National Association of Realtors Chart For Tampa Bay Area of Florida.

U Haul Trucks Are Flocking To Florida Like Flamingos


And Ed Cook reports

"Did you know that Florida has been a favorite state to move to for most Americans? Covid 19 has even made the state more appealing to people due to its sunny atmosphere. This was even strengthened as work from home options have become a trend in most industries. On average, the state receives 777 domestic migrants daily. The numbers even increased to a thousand with 950 people moving in permanently to the state coming from New Jersey, Connecticut, New York and Massachusetts among others."


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This page will be expanded upon. Please check back to read more updates about Florida real estate market reports. Florida, USA. Posted July 8, 2022.

Wednesday, June 8, 2022

Flying and Real Estate In USA Philippines

Flying between Florida and the Philippines





Life and Travel in Philippines: Florida USA Real Estate:   Florida, USA   Are you a Filipino? European? or are you from another place on Earth? Consider Florida as a place to live, work or retire. ... 



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This page will be expanded upon. Please check back to read more updates about flying between Florida, USA  and the Philippines. Posted June 8, 2022.


Saturday, June 4, 2022

Florida June 2022 Market Report

Florida June 2022 Market Update

June 2022 Florida Real Estate Market Data Reports




Search Florida Listings


June 28, 2022

From Inman News (a Real Estate news service)

"THE NEWS: Pending home sales inched slightly higher in May, ending six straight months of declines, according to new data. Pending sales crept up 0.7 percent to 99.9 during May, but were down 13.6 percent from their May 2021 levels, according to data released Monday by the National Association of Realtors. 

The slight increase should not take away from the clear evidence that the housing market is undergoing a transition spurred by high prices and high mortgage rates, NAR Chief Economist Lawrence Yun said.

BEHIND THE NEWS: Part of the slight increase in pending sales, which represent homes that are in contract, can be attributed to more sellers dropping their prices after their homes linger longer on listing services, some experts said. Regionally, results differed with sales rebounding in the Northeast and South while decreasing in the Midwest and West. Sales in the Northeast jumped 15.4 percent to 86.4 on the Pending Home Sales Index, while sales in the South increased 0.2 percent to 119.0 in May. Sales in the Northeast were still down 11.9 percent from a year ago however, while Southern sales were down 13.8 percent from 2021 levels. Read the full story here."

"Down payment is a less concern when compared to interest rates and prices

Down payment is another factor that affects the payment shares. In May, the median down payment was $45,000, making up 13.3% of the sales price. A larger down payment usually means smaller monthly payments, and thus, lower shares. Keeping the mortgage rate, home price, and income at the May level, down payments would have to fall to $34,123 (a down payment rate of 10.1%) to hit the 2018 peak, but even decreasing down payment to 0 doesn’t hit the 2008 peak. However, it is unlikely for the down payments to drop to such a low level in a short time, given continuously increasing sales prices shown in Figure 4 and an upswing  trend in down payment rate for recent months presented" 


Mashvisor "To get a better idea of the growing housing demand in the state, consider Miami, Tampa, and Orlando. According to Mashvisor, the three metro areas recorded average monthly rental prices of $3,477, $2,462, and $1,906, respectively, for a three-bedroom home. One of the said cities would probably be the best place to buy rental property in Florida if you’re considering going with a traditional long-term rental investment strategy." 





Florida Outpaces Nation in Job Growth







mashvisor


Come join Us
Welcome to Florida
"The Sunshine State."





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This page will be expanded upon. Please check back to read more updates about Florida real estate market reports. Florida, USA. Posted July 9, 2022.

Thursday, May 26, 2022

Florida Home Insurance






"TALLAHASSEE, Fla. (AP) — Florida Gov. Ron DeSantis on Thursday signed into a law sweeping property insurance legislation that creates a $2 billion reinsurance fund and rewrites rules on coverage denials and attorney fees, in a move to stabilize rising costs and insurer losses."

DeSantis, a Republican, announced the bill signings in a statement that called the package “the most significant reforms to Florida’s homeowners insurance market in a generation.”

The new laws would create the $2 billion Reinsurance to Assist Policyholders program for insurers to purchase insurance to help insulate themselves from risk. Insurers would have to reduce policyholders' rates to access the state reinsurance fund. It also offers grants of up to $10,000 to outfit homes so they are less vulnerable to hurricane damage, if the homes meet certain criteria.

The legislation forbids insurers from automatically denying coverage because of a roof’s age if the roof is less than 15 years old. Homeowners with roofs 15 years or older would be allowed to get an inspection before insurers deny them coverage."

Read the entire article


As a Florida homeowner and landlord I have watched as our insurance rate has risen from hundreds to thousands of dollars a year. In recent years insurance companies started denying coverage to properties with roofs over ten years old, regardless of the roof's condition. This legislation is a welcome relief.

Search Florida and USA Properties 


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This page will be expanded upon. Please check back to read more updates about Florida Homeowners Insurance, Florida, USA. Posted May 27, 2022.

Monday, May 23, 2022

Search Clearwater, Florida Properties



Welcome To Clearwater

Clearwater, Florida, USA Property Search




15 Reasons to live in Florida


"Should I move to Florida? Is Florida a good place to live? Have you been asking yourself these sorts of questions lately? If so, you’re not alone. Every day, the Sunshine State attracts hundreds of newcomers to its sandy shores – and it’s not hard to see why. No state income tax, sunny weather, its diverse population, delectable food and exciting attractions make it a particularly interesting place to live."




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This page will be expanded upon. Please check back to read more updates about Clearwater, Florida real estate. Florida, USA. Last updated May 23, 2022.

Friday, May 13, 2022

Florida May 2022 Market Report

Florida real estate market report April 2015
Florida real estate market report 2022


  May 2022 Florida Real Estate Market Data Reports

Hot Markets for 2022.



mashvisor




I have lived in Florida most of my life. I have seen communities grow and prosper. Florida real estate has been booming ever since I was a child. People from East of the Mississippi River have been flocking here to retire, escaping from cold winds and snow. Bringing their wealth with them.

Now they are fleeing repressive state governments. Enough is enough! Florida offers FREEDOM to live as they please. To do what they want, go where they want, play where they want and eat where they want, and do it all unmuzzled! Thanks to an administration led by a person who possesses a hugh amount of COMMON SENSE, Governor Ron DeSantis!

So come join us.
Welcome to Florida
"The Sunshine State."



Most Floridians are warm and friendly people.

Florida Outpaces Nation in Job Growth


Governor Ron DeSantis, “But I think what we did by setting the course to be a free state … when COVID hit, people were saying that this would take four or five years to be able to get to where we were pre-COVID in terms of our tourism numbers. In fact, between January and March of this year, we have 36 million visitors. That’s far above our 2019 levels,” he said, attributing the state’s success to the state remaining open and free.

“You’re not gonna get shaken down to produce medical papers at the front door of a restaurant. People don’t want to do that,” he said. “I mean honestly it’s just and I think the proof in the pudding on this is our market share of overseas travelers.” 


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This page will be expanded upon. Please check back to read more updates about Florida real estate market reports. Florida, USA. Posted May 22, 2022.