FAU experts: Higher interest rates and less demand for office space are concerns. Businesses and workers moving to Sunbelt states like Fla. make them less vulnerable.

RE Q&A: Communicate with your HOA or condo association. Most will try to address the issue with homeowners who have financial difficulties, but there are legal limits.

Breaking down long-term objectives into manageable increments, like monthly or quarterly production or sales targets, lets you assess and adjust plans as needed.

Sales of new homes rose nationally in 2023 for the 1st time in 2 years, up 4.2% from the previous year. However, fluctuating mortgage rates remain a wild card.

While easing, for-sale inventory remains tight in Florida and across the U.S. Buyers have to stay persistent and manage frustration levels during their home search.

The HUD survey in 2023 found that, among U.S. states, Florida had the fourth-most homeless people, at 31,000 people – a count that rose 18% from 2022.

Total existing sales slipped 1.7% year-over-year. Chief Economist Yun: Jan.’s “monthly gain is the start of more supply and demand.” Listings were modestly higher.

Freddie Mac economist: Strong economic and inflation data “caused the market to re-evaluate the path of monetary policy, leading to higher mortgage rates.”

Florida Realtors: Fla.’s single-family median price up 3.8% ($405K), condo median up 3.2% ($320K). New listings and inventory levels up in both property categories.

The state got high marks for its net influx of educated workers, job creation rate (up 12.7%) and consumer spending (up 3.4%).