South Florida Real Estate Market Report: Q1 2019 Last year, buyers came into the 1st Qtr. market at a higher level than usual following the news of impending tax reforms. This quarter, buyer motivation was less urgent.
A significant issue facing that market has been housing affordability as home prices skyrocketed higher over the past few years due to supply constraints. BCC singled out the cold market in the west, as did home builder KB Homes (KBH), when it reported mixed Q1 results on March 26.
The first quarter saw mildly positive activity in Florida, with closed sales for single-family homes totaling 57,913, up a scant 0.3 percent on a year-over-year basis. But according to data from Florida Realtors, the Sunshine State’s condo-townhouse market was cloudy in the first quarter, with statewide closed sales totaling 24,534, a 6.1 percent year-over-year drop.
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According to an independent third-party source, Florida single-family housing starts are expected to grow at a compound annual growth rate of 39% from 2012 to 2015. The recovery in the Florida housing market is evidenced by growth in new housing starts of 31% as.
Mike Inselmann, President and Co-Founder of Metrostudy, will be speaking to the Houston Mortgage Bankers Assocation. Focusing on new and existing home inventories, Mike will provide economic insight into the Houston Housing Market as he sees it in 2011. Wednesday February 9th, 2011 11:30am – Maggiano’s Restaurant – 2019 Post Oak Blvd For further information.
· New Florida statutes make it more difficult to force condo termination and apartment conversions upon unwilling owners By Deborah Goonan, Independent American Communities Part of the mission here at IAC is to educate housing consumers by exposing the true agenda of the real estate industry. Hint: it is not to serve the needs of housing consumers, be they homeowners or tenants.
TALLAHASSEE, Fla. – Nov. 10, 2008 – To provide immediate assistance to Florida homeowners searching for federal housing assistance, Chief Financial Officer Alex Sink and her Financial Action Team (FACT Team) announced the launch of “Florida Housing Help,” a new Web feature at www.MyFloridaCFO.com.
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