The Orlando Regional Realtor Association is reporting the inventory of homes available for purchase in the Orlando area dropped to its lowest point this year in May 2018.
According to AAA, more than 41.5 million Americans will travel this 2018 Memorial Day weekend, nearly 5 percent more than last year and the most in more than a dozen years.
Orlando's median home price jumped more than 10 percent in April 2018 (when compared to April 2017), while sales likewise saw an increase of more than 8 percent. Inventory declined by nearly 11 percent compared to this time last year.
According to Metrostudy's 1Q18 survey of the housing market in the Orlando CBSA - including Lake, Orange, Osceola, and Seminole counties - 3,419 single-family housing units were started in the quarter, up 10.7% compared to 1Q17.
Orlando's median home price rose 6 percent in March 2018 when compared to March of last year while sales held steady with a slight 1 percent increase.
Over 64 million Americans live in multigenerational households, which is based on a report by the Pew Research Center, Washington, D.C.
According to Zillow, U.S. home values have been appreciating more per working hour than local minimum wage pays in about half of the nation's 50 largest cities.
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.