Boutique Realty Florida

08/15/2023

https://finance.yahoo.com/news/florida-real-estate-fundamentals-healthy-100030136.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuYmluZy5jb20v&guce_referrer_sig=AQAAANrVkAfiFZxC8Fzx3bdUlECSyF2GyZ8i5KBLQloBHk2W-aI2oGywi5PYsyStTk49-2JKDR77WsDw7Xs1jWe0nlQe5UPyZkO3Tf6dKHDIyLrMZWBJSsV09F31dOQ9D5RIKgUGKohpBwbmltH6rNTcUbpcPUujgUVybBJYgryCKA3_

"If you are in a position where you need to sell your home or you want to capitalize on the enormous equity that you have acquired in recent years, it is an excellent time to sell."

From a demand perspective, Florida, and in particular the west coast of Florida, remains attractive to a large number of people from all over the world.

07/11/2023

https://www.msn.com/en-us/news/us/celebrate-tampa-s-birthday-with-a-blast-from-the-past-with-celebrations-throughout-the-city/ar-AA1dDPs4

Tampa is celebrating its 136th birthday! You can learn about its colorful history at a variety of different events being held throughout the city this month.

The City of Tampa is celebrating its 136th birthday with an "Archives Awareness Week."

07/06/2023

https://www.msn.com/en-us/money/realestate/recent-report-brings-good-news-for-people-who-rent/ar-AA1d6ReS

"At a respective 5.6% and 4% decreases, Austin in Texas and Florida's Tampa were the two metro areas to see the biggest decreases in rent prices."

Realtor.com data show that rent prices have dropped for the first time since 2020.

06/28/2023

https://www.msn.com/en-us/money/realestate/2023-third-quarter-housing-trends-rates-may-improve-but-supply-remains-tight/ar-AALE5sf

"McBride thinks sellers will continue to have the upper hand in most markets this summer. 'Due to rebounding demand and continued low inventory of homes on the market, home prices will hold up in the majority of areas,' he says. 'Home price declines will still be the exception rather than the rule, and isolated to markets where demand has dropped off most significantly.'"

The real estate market in Q3 2023 may be challenging.

06/26/2023

06/22/2023

https://www.msn.com/en-us/money/insurance/we-had-to-get-flood-insurance-on-one-house-that-will-never-flood-moving-to-florida-read-this-first/ar-AA1cce1G

"In Florida, the average annual flood insurance premium is projected to increase by 131% to $2,213 from $958, according to data from the Federal Emergency Management Agency, or FEMA. That’s based on the new ratings policy introduced on Oct. 1, 2021."

As hurricane season descends upon the U.S., a record 33 million homes are at risk of wind damage.

06/14/2023

https://www.foxbusiness.com/lifestyle/tampa-florida-residents-may-need-least-85k-afford-rent-study-finds

"According to FAU and FGCU’s report, the average rent in Tampa is $2,118.75, which ranks 18th highest among the nation’s largest metropolitan areas."

A new study found Tampa, Florida residents need to make at least $85,000 annually to afford rent. The city saw skyrocketing housing costs as Americans flocked there during the pandemic.

06/07/2023

https://www.msn.com/en-us/money/realestate/the-feds-inflation-fighting-tactic-was-effective-in-cooling-the-housing-market-what-now/ar-AA1c8Jio

"Affordability trends in the coming months will depend on mortgage rates and the supply and demand dynamics fueling nominal house price appreciation – dynamics that will play out differently in each market."

Affordability trends in the coming months will depend on mortgage rates and the supply and demand dynamics fueling nominal house price appreciation.

05/23/2023

https://wtop.com/news/2023/05/how-do-real-estate-commissions-work/

"While many professional services, like attorneys or accountants, charge by the hour, real estate agents typically work for a commission in the form of a percentage of the money exchanged in the final transaction. This money is paid out only when the deal closes, so if you are not successful in buying or selling your home, your real estate agent does not make any money."

It might seem like an awkward question to ask when you first meet with a potential real estate agent about selling your home — amid all the conversations about staging, marketing and open houses…