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What’s Up With Housing?

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Plenty of people love a good Halloween scare — as long no one gets hurt. And that includes your house.
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Not all mortgages are created equal. A LendingTree study looked at lending competition and found Florida buyers can save serious money by comparison shopping.
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If buyer demand continues to outpace the current supply of existing homes for sale, prices will continue to appreciate. Nothing nefarious is taking place. It is simply the theory of supply & demand working as it should.
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Hurricane Irma impacted Florida’s Sept. 2017 housing market and economy. With that in mind, 2018 Florida Realtors data finds existing single-family sales up 17% year-to-year, median prices up 4.9%, condo sales up 14.6% and condo median prices up 5.5%.
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Florida led the nation in construction job growth over the past year, according to a new report. Contractors added 70,700 workers to their Florida payrolls, a 14.8 percent growth rate, in the 12 months ending in September.
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A trend in Central Florida’s two major multifamily growth markets may be indicative of a national shift from downtown to suburban markets.
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Due to Hurricane Irma last September, the Pinellas County housing market saw a few large swings in sales & listings year-over-year.
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