A market transition from cash investors to primary buyers seems to be on track. Florida Realtors reports higher sales and prices, but U.S. sales slip, says NAR.
Homeless advocates discussed best practices at Florida Realtors-hosted event. Call went out for lawmakers to fully fund Sadowski housing trust funds in 2015.
The state ranked No. 8, however, for U.S. REO sales, says RealtyTrac report. Overall, one in four Aug. sales in Fla. was a REO, foreclosure or short sale.
Many buyers stung by the meltdown continue to worry. While 53% of Americans expect housing prices to go up, a fair number of people (47%) still aren’t so sure.
Fla. is one of three states where Realtors expect a home price increase of 5%-6%, though overall U.S. confidence about the market remained mostly flat in Aug.
NAR: The median age of a first-time Fla. homebuyer (34 years) hasn’t change much over 10 years, but repeat buyers (60 years) grew 20 years older over the decade.