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🏡50 places where homes are taking the longest to sell. See which Florida cities make list
Read full article: 🏡50 places where homes are taking the longest to sell. See which Florida cities make listIn October, the median number of days a home spent on the market was 34, one day less compared to the year before.
Kissimmee retirement homes demolished after Hurricane Ian flooding left them unlivable
Read full article: Kissimmee retirement homes demolished after Hurricane Ian flooding left them unlivableHomes reduced to rubble in an Osceola County retirement community, months after they were deemed unlivable after Hurricane Ian.
🏠8 Florida cities are selling homes the slowest right now
Read full article: 🏠8 Florida cities are selling homes the slowest right nowSlowing home sales can be a sign that a given market is more buyer-friendly. It can also signal a mismatch between prospective homebuyers' purchasing power and market conditions.
Historic homes may prove to be more resilient against floods
Read full article: Historic homes may prove to be more resilient against floodsWhenever historic homes get flooded, building contractors often feel compelled by government regulations to rip out the water-logged wood flooring, tear down the old plaster walls and install new, flood-resistant materials.
What are differences between selling, buying commercial and residential real estate?
Read full article: What are differences between selling, buying commercial and residential real estate?Many people might know what the process is like when buying residential real estate properties, but they might not know what it’s like to purchase commercial real estate.
How big of a problem are rental scams?
Read full article: How big of a problem are rental scams?Scams have led to people — more commonly known as squatters — inhabiting residences they don’t legally rent or own, even if they think they have found a residence properly and aren’t doing anything wrong.
How hard is it for foreign residents to buy property in Florida?
Read full article: How hard is it for foreign residents to buy property in Florida?On this latest episode of “You Have Real Estate with Justin Clark,” area realtors and experts join the show to offer insight on the procedures foreigners have to undertake in order to purchase property in Florida.
An old high school gym turned into a home? You’ll have to see listing to believe it
Read full article: An old high school gym turned into a home? You’ll have to see listing to believe itOne portion of the house has the original basketball court and bleachers, while another portion was renovated into elements of what typical homes have, such as a kitchen, bathroom and bedrooms.
🏠Cities with the fastest growing home prices in Orlando metro area
Read full article: 🏠Cities with the fastest growing home prices in Orlando metro areaIt goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and not other market has quite felt its impact like that of real estate.
Is the real estate market in Florida following a national trend?
Read full article: Is the real estate market in Florida following a national trend?On this latest episode of “You Have Real Estate with Justin Clark,” Florida realtors Brittany Gercken and Jamie Mason offer insight on the current market and why it’s still a good time to buy despite rising rates inflation.
Will rising mortgage rates shift the real estate market for buyers?
Read full article: Will rising mortgage rates shift the real estate market for buyers?On the latest episode of “You Have Real Estate with Justin Clark,” Orlando-area realtor Jack Luiz and tax accountant Brian Fay join Clark to discuss the latest trends in the industry.
UCF develops app to help Florida residents prepare for hurricane season
Read full article: UCF develops app to help Florida residents prepare for hurricane seasonUniversity of Central Florida researchers have developed a new tool for Florida homeowners to help them determine how vulnerable their homes are to hurricanes.
Why higher mortgage rates still shouldn’t dissuade buyers from looking for a home
Read full article: Why higher mortgage rates still shouldn’t dissuade buyers from looking for a homeRates have jumped from just under 3% at this time last year to more than 5% at the moment, adding yet another wrinkle to a predominantly seller’s market.
Why do taxes of a property go up when it’s sold?
Read full article: Why do taxes of a property go up when it’s sold?On this latest episode of “You Have Real Estate” with Attorney Justin Clark, Seminole County appraiser David Johnson gives insight on property taxes and home values in the area.
5 reasons why you should let a property manager take over your investment rental
Read full article: 5 reasons why you should let a property manager take over your investment rentalIf you have an investment property then you know how stressful it can be. Finding residents, doing background checks and performing maintenance.
What will interest rates look like in 2022?
Read full article: What will interest rates look like in 2022?On this latest episode of “You Have Real Estate” with Attorney Justin Clark, Dallas Lehman of RWI Properties and Orlando realtor Eric Mock discussed industry forecasts for the first few months of 2022.
Red-hot US housing market: January new home sales jump 4.3%
Read full article: Red-hot US housing market: January new home sales jump 4.3%Sales of new homes fell by 3.5% in September to a seasonally-adjusted annual rate of 959,000 million units. The Commerce Department said Monday, Oct. 26, 2020, that despite the modest decrease, sales of new homes are up 32.1% from a year earlier, as the housing market remains strong despite the pandemic. – Demand for new homes in the U.S. surged 4.3% in January with the housing market still one of the strongest segments of the economy. Last month's increase pushed sales of new homes to an adjusted annual rate of 923,000, the Commerce Department reported Wednesday. The housing market has remained remarkably resilient in the face of the economic fallout of the coronavirus pandemic.
US home prices rise at fastest pace in more than 6 years
Read full article: US home prices rise at fastest pace in more than 6 years(AP Photo/Wilfredo Lee, File)WASHINGTON – U.S. home prices jumped in October by the most in more than six years as a pandemic-fueled buying rush drives the number of available properties for sale to record lows. That combination of strong demand and limited supply pushed home prices up 7.9% in October compared with 12 months ago, according to Tuesday's S&P CoreLogic Case-Shiller 20-city home price index. The biggest price gain was in Phoenix for the 17th straight month, where home prices rose 12.7% from a year ago. Home sales slipped in November, according to the National Association of Realtors, after rising steadily for the previous five months. The number of homes for sale fell to 1.28 million in November, the Realtors said, enough to last just 2.3 months at the current pace of sales.
Hundreds of thousands at Honduras' shelters after hurricanes
Read full article: Hundreds of thousands at Honduras' shelters after hurricanesHurricane victims take refuge under a bridge in San Pedro Sula, Honduras, Saturday, Nov. 21, 2020. Shelters for people whose homes were flooded or damaged by hurricanes Eta and Iota in Honduras are now so crowded that thousands of victims have taken refuge under highway overpasses or bridges. The Red Cross estimates that about 4.2 million people were affected by the back-to-back hurricanes in November in Honduras, Nicaragua and Guatemala. (AP Photo/Delmer Martinez)SAN PEDRO SULA – Shelters for people whose homes were flooded or damaged by hurricanes Eta and Iota in Honduras are now so crowded that thousands of victims have taken refuge under highway overpasses or bridges. Orlando Antonio Linares oversees a municipal shelter at a school in San Pedro Sula, where almost 500 hurricane victims have taken refuge.
September existing home sales climb 9.4%, highest since '06
Read full article: September existing home sales climb 9.4%, highest since '06CHARLOTTE, N.C. – Sales of existing homes climbed 9.4% in September, the National Association of Realtors said Thursday, the latest sign that the housing market remains red hot despite the coronavirus pandemic. On a seasonally-adjusted rate, the selling pace of existing homes climbed to 6.54 million annualized units. This is largely because of low inventory of existing homes. But because of the pandemic, the spring home buying season was delayed a few months and pushed the bulk of the home buying season into the mid-to-late summer. Regionally, the strongest market was Northeast, with existing home sales up 16.2% from a year earlier.
July sales of new homes surge 13.9%, far more than thought
Read full article: July sales of new homes surge 13.9%, far more than thoughtSales of new homes jumped again in July, rising 13.9% as the housing market continues to gain traction following a spring downturn caused by pandemic-related lockdowns. The Commerce Department reported Tuesday that July's gain propelled sales of new homes to a seasonally-adjusted annual rate of 901,000. In a report last week, the National Association of Realtors reported that sales of existing homes rose by a record 24.7% in July, thanks to historically low interest rates. Sales are being fueled by ultra-low mortgage rates, which earlier this month dropped below 3% for a 30-year-fixed rate mortgage for the first time in nearly 50 years. The average rate on a 30-year fixed rate mortgage is now 2.99%, the mortgage buyer Freddie Mac said Thursday.
Over 1 million marooned in Bangladesh as floods worsen
Read full article: Over 1 million marooned in Bangladesh as floods worsenHeavy flooding is worsening in parts of Bangladesh, with over 1 million villagers marooned or leaving their homes for higher ground along with their cattle and other belongings, officials and volunteers said Tuesday. (AP Photo/Bayezid Ahmed)DHAKA Heavy flooding is worsening in parts of Bangladesh, with over 1 million villagers marooned or leaving their homes for higher ground along with their cattle and other belongings, officials and volunteers said Tuesday. The floods started late last month, and after briefly easing continued to worsen, affecting many new areas, destroying crops and driving people from their homes in several impoverished regions. Soikat said that over the last few weeks, the charity has distributed food to some 135,000 people in Kurigram, while the governments relief office was also providing food, cash and cattle food. We are trying to do our best to stand by the people, as we have already provided more than 300 tons of rice, cattle food, baby food and a good amount of cash.