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5 of today’s biggest real estate myths, busted [INFOGRAPHIC]

Cornerstone

percent in the fourth quarter of 2022.”. So, you might have to search for houses in a lower price bracket as rates increase if you want to stay within your budget. The post 5 of today’s biggest real estate myths, busted [INFOGRAPHIC] appeared first on Cornerstone Blog. Sources deemed reliable but not guaranteed.

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Price Adjustments in Florida Rise Rapidly

Lamacchia Realty

The Florida real estate market has shifted, and the number of active listings has increased at a much faster rate than the rest of the country over recent months. In the chart below, the trend depicts that inventory in all three South Florida counties (Palm Beach, Miami-Dade, and Broward) has been rising since April of 2022.

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March 2022 South Florida Housing Report

Lamacchia Realty

The Lamacchia Realty South Florida Housing Report presents overall home sale statistics and highlights the average sale prices for single families, condominiums/townhomes in Broward County, Miami-Dade County, and Palm Beach County for March 2022 compared to March 2021. Miami-Dade & Palm Beach Counties. Additional Resources. April 8, 2021.

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Price Adjustments and the 2023 Market

Lamacchia Realty

PRICE ADJUSTMENTS AND THE 2023 MARKET In March 2022, it was clear that the market was changing from a frenzied post-pandemic scene to one where it was assumed that rising mortgage rates would slow it down and help inventory finally rise back up. Real estate websites set up their property search tools with price brackets.

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Price Adjustments in this New Housing Market

Lamacchia Realty

As you can see in the chart below, the red line indicates that 2022 began with the highest absorption rate of available inventory in the past 4 years but over the past 8 weeks has dropped to right around the same rate or lower than last year and we expect it to be going down more. Consider the Price Brackets. See chart below.

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April 2022 South Florida Housing Report

Lamacchia Realty

The Lamacchia Realty South Florida Housing Report presents overall home sale statistics and highlights the average sale prices for single families, condominiums/townhomes in Broward County, Miami-Dade County, and Palm Beach County for April 2022 compared to April 2021. Miami-Dade & Palm Beach Counties. South Florida Inventory.

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Housing Statistics for Beginners, Part 2

Birmingham Appraisal

Unlocking the Basics: Part 2 of Housing Statistics for Beginners In my last blog post, which was the first installment in this multi-part series, I discussed why it is important for agents to be aware of local housing statistics. We all know that the three most important factors in real estate are location, location, and location.