North Florida Real Estate Blog

by CB Isaac Realty

 

Sept. 5, 2023

Expert Home Price Forecasts Revised Up for 2023

 




Toward the end of last year, there were a number of headlines saying home prices were going to fall substantially in 2023. That led to a lot of fear and questions about whether there was going to be a repeat of the housing crash that happened back in 2008. But the headlines got it wrong.

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July 19, 2023

Is Buying a House in a College Town a Good Investment Opportunity for You?

College towns can be a great place to buy an investment property. The is usually a high demand for rental units near campus, and the vacancy rate is generally lower; however, there are some downsides to consider before purchasing an investment property in a college town. 

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Posted in Buying
July 12, 2023

Renting or Selling Your House: What's the Best Move?

 




If you’re a homeowner ready to move, you may be considering using your current house as a short-term rental property instead of selling it. A short-term rental (STR) is typically offered as an alternative to a hotel, and they’re an investment that’s gained popularity in recent years.

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July 6, 2023

Today’s Housing Inventory Is a Sweet Spot for Sellers




One of the biggest challenges in the housing market right now is how few homes there are for sale compared to the number of people who want to buy them. To help emphasize just how limited housing inventory still is, let’s take a look at the latest information on active listings, or homes for sale in a given month, as it compares to more normal levels.

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Posted in Sellers
May 19, 2023

What You Need To Know About Home Price News

 




The National Association of Realtors (NAR) will release its latest Existing Home Sales Report tomorrow. The information it contains on home prices may cause some confusion and could even generate some troubling headlines. This all stems from the fact that NAR will report the median sales price, while other home price indices report repeat sales prices. The vast majority of the repeat sales indices show prices are starting to appreciate again. But the median price reported on Thursday may tell a different story. 

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May 10, 2023

The Impact of Inflation on Mortgage Rates

 




If you’re reading headlines about inflation or mortgage rates, you may see something about the recent decision from the Federal Reserve (the Fed). But what does it mean for you, the housing market, and your plans to buy a home? Here’s what you need to know.

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April 20, 2023

The Process of Home Buying

Posted in Buying
April 17, 2023

Think Twice Before Waiting for Lower Home Prices




As the housing market changes, you may wonder where it’ll go from here. One factor you’re probably thinking about is home prices, which have come down a bit since they peaked last June. And you’ve likely heard something in the news or on social media about a price crash on the horizon. As a result, you may be holding off on buying a home until prices drop significantly. But that’s not the best strategy.

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Posted in Buying
Feb. 17, 2023

The Spring Housing Market Could Be a Sweet Spot for Sellers

The Spring Housing Market Could Be a Sweet Spot for Sellers [INFOGRAPHIC]

The Spring Housing Market Could Be a Sweet Spot for Sellers [INFOGRAPHIC] | MyKCM

Some Highlights

  • The biggest challenge in the housing market is how few houses there are for sale compared to the number of people who want to buy.
  • The number of homes for sale is up from last year but below pre-pandemic numbers, and that means we’re still in a sellers’ market.
  • The housing market needs more homes for sale to meet the demand of today’s buyers. If you’ve thought about selling, let’s connect today.
Jan. 25, 2023

The 3 Factors That Affect Home Affordability

 

The 3 Factors That Affect Home Affordability | MyKCM

If you’ve been following the housing market over the last couple of years, you’ve likely heard about growing affordability challenges. But according to experts, the key factors that determine housing affordability are projected to improve this year. Selma Hepp, Executive, Deputy Chief Economist at CoreLogicshares:

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Posted in Buying