Through it all, the housing market appears to be remaining strong. With low interest rates, an increase in new home starts and millennials striving for homeownership, the real estate industry shows continued strength. Read more on this optimistic outlook here . I tend to agree with what they are saying about moderating home prices. While we have seen rising prices over the last few years, especially in the lower price spectrum, more inventory and home starts are assisting with keeping the prices stable. That and the low rates are making housing affordable for many who could not have considered homeownership in the past.
With higher taxes and cost of living, more and more individuals and families are looking to call Florida home. Whether from New York or California, they are coming from afar to the sunshine state to maintain more of their money instead of giving it away in taxes. With so many being able to work remotely, a job is no longer a reason to stay put. Read more here
Sales of single family homes and condos are up in the two county area. Inventory and median prices are also up AND interest rates are down! Read the full stats report here
More and more people are moving to Florida. This is something that we already know. And, with the treacherous weather that the north has suffered this season, and is still dealing with today, there are likely to be even more heading this way. I moved from Ohio to Florida 12 years ago and haven’t looked back one day! Every day I wake up in Sarasota is an amazing day. I know you want to join me! Read more about the areas that are seeing the increase here