With equity in homes rising, some older Americans are considering selling and downsizing. But it might not be right for everyone. Consider all the pros and cons before taking the step.
The rise in single-family housing starts in February are the highest since April 2022. In the South, combined single-family and multifamily starts are 15.7% higher than the previous month.
More homes in Northeast Florida sold in February than the month before with higher median prices, the Northeast Florida Association of Realtors (NEFAR) said. The housing supply is also increasing.
A new report from UF’s Shimberg Center for Housing Studies found Florida continues to have an affordable housing gap. A larger housing supply and more homeowner assistance is needed.
The Fed is expected to play it safe when it meets later this week, keeping the benchmark interest rate unchanged as inflation has yet to meet the 2% target, experts say.
NAHB/Wells Fargo HMI: Builder sentiment in the single-family market surpassed the break-even point of 50, highest since July 2023 and the 4th consecutive monthly gain.
By crafting an effective and recognizable brand identity, real estate professionals and teams can raise their profile and stay ahead of their competition.