HOT HOUSING MARKET: Low inventory, high prices creating perfect storm for sellers
Agents say this hot real estate market isn’t showing signs of cooling down. Intense buyer demand and extremely low inventory are hiking up home values.
US housing market booms as buyers enter bidding wars amid low supply
“The housing market is hot. Very hot,” National Association of Realtors Chief Economist Lawrence Yun told FOX Television Stations. But Yun predicts that things could soon cool down.
‘Historically’ high lumber prices adding more than $35K on average to new home price tag
While many businesses have slowed during the COVID-19 pandemic, the home-building industry has seen a boom — but it could be at risk due to a lumber shortage that has triggered skyrocketing prices for the material.
Homes selling faster than ever even as prices rise to all-time highs
About 59% of homes that went under contract had an accepted offer within two weeks of hitting the market.
Buying a slice of paradise: New arrivals cause Florida home sales to surge
According to data FOX 35 received from Florida realtors, the number of home sales statewide increased by 18% in January of this year, compared to last year. On the Space Coast, the number of home sales spiked 17% this year.
Winter Park Village slated for major redevelopment
Real estate experts say their developers have a multimillion-dollar plan to redevelop the Winter Park Village shopping complex.
US new home sales jump 13.8% in June
The Commerce Department reported Friday that the June gain pushed sales of new homes to a seasonally adjusted annual rate of 776,000. The increase follows a 19.4% jump in May.
Smaller U.S. cities becoming real estate hot spots amid coronavirus crisis: Real estate expert
Smaller cities in the United States are becoming real estate hot spots amid the coronavirus pandemic, according to a real estate expert.
Maryland mansion with unique replica town in basement listed for $4.5M
A $4.5 million dollar home up for sale in Potomac, Maryland has been getting a lot of attention on social media partially because it has a "tiny town" in the basement.
US existing home sales plunge 17.8% in April
The National Association of Realtors said Thursday that last month's decline pushed sales down to a seasonally adjusted annual rate of 4.33 million units, the slowest pace since September 2011.
Gov. DeSantis says he may extend moratorium on evictions, foreclosures through May
A statewide ban on foreclosures and evictions is about to expire in Florida. The governor issued the order in early April as many were left unemployed due to the coronavirus pandemic. State lawmakers say the order is set to expire on Sunday.
COVID-19 forcing businesses to go virtual
COVID-19 is forcing some industries to change the way they conduct business.
Realtors adjust to the new norm during COVID-19 pandemic
Realtors are now using live streams and virtual tours online to show homes to prospective buyers to avoid spreading the COVID-19 virus in person.
Study: Single ladies dominate Florida real estate market, own more homes than single men
According to the National Association of Realtors, single women accounted for nearly 20 percent of home purchases in 2019.
New York town selling mansion for $50K - but there's a catch
The city of Auburn, New York, is selling a massive Victorian home for $50,000 - but only if interested buyers can provide a full restoration plan for the residence.
2-bedroom Georgia home for sale for $1 by motivated Ohio seller
The string of events that led to an Ohio county owning a home more than 600 miles away started when an elderly woman moved to Ohio to be with her daughters.
Realtor Rob West gives real estate tips
Realtor Rob West gives real estate tips so you can get out of your starter home.
Money And Real Estate
Money and Real Estate discussion with Certified Financial Planner Joe Bert