Real Estate Market

“So…how’s the market?” That’s the most common question we hear as real estate agents! This year the answer is a little more complicated than it’s been in the past. The market in Northeast Florida is recovering from the hysteria of the pandemic and slowly transitioning back to a “normal” market.

Do you live in a community with a homeowners association (HOA)? Almost 45% of Florida residents do! In July of 2024, a new state law limiting the power of homeowner associations was passed limiting the power of HOAs.

How’s the real estate market? Here in Northeast Florida, and across the U.S., home prices are up, the number of pending and closed sales are down.

As the NY Times reported recently (Apr 20, 2024), “something deeply unusual has happened in the American housing market over the last two years.” While most of us are aware that current mortgage rates are currently running at 7%, we may be ignoring the unprecedented underlying impact of the average American household fixed mortgage rates—that are fully 3% lower.

Everyone wants to know what’s in store for the 2024 real estate market. While we don’t have a crystal ball to read the future, our team focuses on four key areas when anticipating what might happen next.

A Divorce Real Estate Specialist can provide crucial support during the divorce process.

In a recent article in the Atlantic, Annie Lowry asks the question, “Has the American labor market ever been better?” “Not in my lifetime” is her answer, “and probably not in yours either.”

The North Florida real estate market reflects many of the national trends, with a continued high number of buyers moving from out of state making our market even tighter.

As of early May, U.S. financial and real estate markets remain in flux.