Volusia county real estate remains HOT. In many instances across Volusia communities, a hot sellers’ market does indeed mean a faster sale and at or above asking price. The market remains hot as new listings continue to not keep up with the surge in demand. One of the suspected reasons affecting the low housing inventory is the group of homeowners who would move but are … Continue reading Volusia Real Estate: Peak of the Sellers’ Market
Sellers and buyers are experiencing very different market conditions compared to pre-pandemic years. Volusia’s current housing market is a strong seller’s market with fewer new listings and a very tight inventory (active listings), particularly for existing single-family homes. Sellers are taking advantage of the home price increases. Buyers are taking advantage of the historically low interest rates. Although each customer has advantages, the market is … Continue reading Volusia Real Estate Outlook: Market Reality in 2021
Florida Governor Ron Desantis declared residential and commercial real estate, including settlement services, essential on April 1, 2020. Christopher Krebs, the nation’s Director of the Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency, designated real estate services as part of the nation’s “critical infrastructure.” How have Realtors Changed their Practices during the Global Pandemic? Realtors, buyers and sellers are able to abide by COVID-19 … Continue reading Volusia Real Estate Update: How has COVID Impacted the Housing Market
Volusia County’s 2019 Real Estate Market Forecast Volusia residents and visitors are wondering what to expect for the 2019 real estate market. For 2018, the market started with high home prices, historically low mortgage rates and a seller’s market. Has turnover in the housing market peaked? National housing experts predict price gains can only decelerate. The New Smyrna Beach Board of REALTORS Residential Market Statistics … Continue reading 2019 Real Estate Market Report
Tax Reform & Flood Insurance Many factors impacted the real estate market in 2017. Across the state of Florida, housing markets reported low inventory, gradual mortgage interest rate hikes and home price increases as three factors that could not be ignored. Although low inventory is a problem for homebuyers, it is positive news for homeowners as they continue to build equity. In an economic and … Continue reading 2018 Housing Market Radar
