Orlando's median home price rose 10 percent in February 2018 when compared to February 2017, while sales held steady with a 1 percent increase. Inventory declined by nearly 9 percent compared to this time last year.
First-time buyers in the U.S. looking for an affordable home may have the best luck in Florida.
Median home prices in U.S. zip codes in the highest 20 percent for environmental hazard risk appreciated at a faster pace than the overall U.S housing market over the past year.
Orlando's median home price continued along its upward trajectory in January 2018, while sales held steady with a 0.5 percent increase compared to January of 2017.
U.S. builder confidence in the single-family 55+ housing market remained strong in the fourth quarter of 2017 with a reading of 71, up 12 points from the previous quarter. This is the highest reading since the inception of the index in 2008.
According to Zillow's December 2017 Real Estate Market Report, U.S. home shoppers looking to buy in 2018 will have 10 percent fewer homes to choose from than a year ago.
The lack of affordable, buildable lots and the scarcity of labor affected home production in 2017. While starts increased by 9 percent over 2016, the characteristics of these new homes stayed largely the same.
Spending on residential remodels will continue to grow at a modest pace in the next two years. Professional remodelers from around the country agreed with the forecast, citing increased consumer confidence.
The National Association of Home Builders is reporting that U.S. builder confidence in the market for newly-built single-family homes increased five points to a level of 74 in December 2017
According to the American Automobile Association, this year Americans are traveling in record numbers during the Holiday Season.
The American Automobile Association (AAA) is estimating that 50.9 million Americans will journey 50 miles or more away from home this Thanksgiving, a 3.3 percent increase over last year.
In the U.S., home builder confidence rose two points to a level of 70 in November 2017 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). This was the highest report since March, and the second highest on record since July 2005.
Sparked by steady job gains, record low mortgage rates and higher rents, the severe drought in housing supply in much of the country over the past year accelerated price growth and kept many first-time home buyers out of the market.
Nearly 1.4 million (1,367,793) U.S. residential properties (1 to 4 units) were vacant as of the end of the third quarter of 2017 -- representing 1.58 percent of all U.S. residential properties.
According to the National Association of Home Builders/Wells Fargo Housing Market Index, U.S. builder confidence in the market for newly-built single-family homes rose four points to a level of 68 in October 2017. This was the highest reading since May 2017.
According to Zillow, rental houses in the U.S. have been in high demand since the housing market crashed, but a lack of supply has made renting those homes more expensive.
According to a new survey commissioned by Freddie Mac, a significant majority of the U.S. multifamily industry believes the rental housing market will continue to grow, fueled by increasing demand and a growing population.
Michael Gerrity has been at the forefront of real estate for more than 30 years. First, the Orlando native had a stellar real estate brokerage career, selling and leasing nearly $300 million worth of commercial office transactions.