By: Jennifer Warner Florida Realtors economist: Active inventory is up 68% year-to-year, but largely at higher price points as listings in the $150-$300K range continue to contract. (Originally posted on Continue Reading
Florida Real Estate Market Summary
View The Most Recent Real Estate Market Snapshot for The State of Florida Closed sales are down just a touch year-to-year while the average sale price has increased almost 13%. Click the image below to dig deeper into these and other Florida real estate market statistics Continue Reading
Yes, it’s the Right Time to Sell!
It's a seller's market. Real estate inventory is low across Florida, with the Keys being some of the most sought after in the state. Here are some reasons why NOW is the perfect time to list a property. Check out the infographic below and Contact Us for more information! Continue Reading
How is the Covid-19 Pandemic Affecting Real Estate Transactions?
We are all learning to deal with the "new normal" that the Covid-19 pandemic has thrust upon us. Social distancing has changed the way we interact with our loved ones and colleagues, and the real estate industry is having to change the way it operates as well. With the help Continue Reading
The Key West & Lower Keys Real Estate Market – Six Months After Hurricane Irma
It didn’t even take a week after Hurricane Irma passed through the Lower Keys before my phone started blowing up with calls from bottom feeders looking for Hurricane Irma distress sales. And now, six months later, the first real estate question I am most often asked is, “How Continue Reading
Are Foreclosed Properties Great Real Estate Values?
In short, no. Why? Before the great real estate crash of 2008-2010, foreclosed properties, especially here in the Keys, were very uncommon, if not just flat out nonexistent. And, in the very rare event that a lender was forced to foreclose on a property, they dumped it Continue Reading
CNN Report: Florida Keys
Very nice article about the Florida Keys and the Overseas Highway on the drive from the mainland to Key West. What does this have to do with real estate in Key West? Not much, just a fun article about real estate along the way. Read the CNN article Continue Reading
Federal Funds Interest Rate Unchanged
As many of you may have heard, the Fed (Federal Open Market Committee or FOMC) met on Sep 17 to consider raising the Federal Funds rate from 0% to .25%. The Federal Funds rate is the interest rate that banks can borrow funds from the Federal Reserve and is an [indirect] Continue Reading
Our Tax Dollars Hard At Work – Another $39.2M Down The Drain
Have you heard of the Fair Housing Initiatives Program (FHIP)? HUD (Department of Housing and Urban Development) is allocating $39.2 million to battle housing discrimination. I'm serious as can be...check out the link! Our country is almost $19T in debt ($155k per tax Continue Reading
Your Windstorm Insurance Carrier May Soon Change
As most Florida homeowners are painfully aware, although there is no Florida state income tax, the high cost of insurances can be a deal-breaker for many would-be homeowners. In Key West, one out every three purchases is cash. However, for the other two-thirds, the Continue Reading
