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Median home prices, new listings move higher in Florida

Housing Wire

The housing market in the state of Florida saw higher median home prices, more real estate listings and a higher number of active listings during the month of January, according to data released Thursday by Florida Realtors , a state-based trade organization for real estate professionals. from January 2023.

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Midwest housing markets good for first-time homebuyers: Zillow

Housing Wire

The number of first-time homebuyers made up 32% of all buyers in 2023, according to a report released by the National Association of Realtors. Against that backdrop, Zillow identified prime markets for first-time homebuyers , and half of them were nestled in the Midwest. .

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Affordability boosts Indianapolis housing market 

Housing Wire

According to Zillow ’s annual predictions, Indianapolis will be the fourth-hottest real estate market of 2024, thanks to its solid economy, housing inventory, affordability and pent-up demand. The top three spots in the ranking were Buffalo, New York, and Cincinnati and Columbus, Ohio. The real estate market As of Jan.

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The mortgage rate lock-in didn’t start in 2022

Housing Wire

housing market saw dramatic changes in affordability as mortgage rates skyrocketed 500 basis points. After an initial rush to get to market in Q2 2022, new listings volume fell precipitously. million by October of 2023 (when rates crossed over 8%). million fewer home sales between March 2022 and December 2023.

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Rising insurance costs, ample inventory create a unique market in Southwest Florida

Housing Wire

Unlike many other metropolitan areas across the country , the housing market in Southwest Florida is comparably flush with for-sale inventory. “I Smith attributes the uptick in inventory to a bump in new listings. Days on market is also trending back to what is more normal for our market as well.”

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Indiana’s housing market is primed to bounce back in 2024

Housing Wire

Last year was a tough one for the Indiana real estate market. Sales from 2022 to 2023 were down 14%,” Mark Fischer, the CEO of the Indiana Realtors Association , said. “We We were up year over year in inventory , but we were at a 25 year low on new listings.” in mid-January 2024. as of February 29, 2024.

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While the Austin housing market isn’t sizzling, agents say it is still warm

Housing Wire

It is nearly April, which means temperatures in the Austin metropolitan area are heating up — and so is the housing market. The market is still strong,” said Wendy Cash, a broker at Austin area-based Century 21 Hellmann Stribling. In November 2023, this figure actually surpassed its pre-pandemic level at 8,527 listings. “I