Florida’s real estate market is experiencing a major transformation, with Florida’s rising housing inventory increasing by 35% between the first quarters of 2023 and 2024.  This dramatic surge, the highest in the country, is reshaping opportunities for buyers while presenting challenges for sellers.  Understanding the factors driving this shift and how to navigate it is essential for success in today’s market. The Numbers Behind Florida’s Rising Housing Inventory Key Stats on Inventory Growth: Statewide Increase: 35% more homes for sale between Q1 2023 and Q1 2024. Top Cities for Inventory Growth: Tampa, FL — 90% Orlando, FL — 76.9% Miami, FL — 72.2% Jacksonville, FL — 68.3% These increases highlight…

As insurance rates soar across Florida, home buyers and sellers alike are feeling the pressure. With the recent hit from Hurricane Helene, homeowners insurance costs are seeing unprecedented increases, and this is directly impacting the real estate market. From higher costs of ownership to reduced buyer demand, let’s explore how the rising cost of homeowners insurance is reshaping the real estate market in Marion, Levy, Alachua, and Citrus counties, and what it means for you as a buyer. How Rising Insurance Costs Are Changing Homeownership in Florida Recent statistics show that homeowners insurance in Florida has increased significantly over the past few years, especially in hurricane-prone areas. With the aftermath…

The Rise and Fall of Florida’s Housing Market: From Pandemic Boom to Inventory Surge Since the onset of the COVID-19 pandemic in 2020, Florida’s housing market has been on a rollercoaster. Back in May 2020, the market dynamics were drastically different from where we stand today. Inventory was scarce, and demand surged, driving prices sky-high.  However, the winds have shifted, and inventory is on the rise, creating a stark contrast in today’s real estate landscape. Let’s take a closer look at how the market has evolved, the challenges homeowners face today, and strategies for those looking to sell in the current environment. How the Pandemic Impacted Housing Inventory and Prices…

The housing market is a complex ecosystem influenced by various factors, with interest rates being one of the most significant. As a homebuyer, understanding the relationship between interest rates and the housing market is crucial for making informed decisions. In this article, we will explore the impact of interest rates on the housing market, providing valuable insights and tips to help you navigate this dynamic environment. Understanding interest rates and how they affect the housing market Interest rates play a pivotal role in the housing market, affecting both buyers and sellers. When the economy is strong, interest rates tend to rise as the demand for borrowing increases. Conversely, during economic…