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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