TEACHERS, FIREFIGHTERS, NURSES, & LAW ENFORCEMENT TO NAME A FEW HOMETOWN HEROS.
Homeownership triumphed during the 2022 Florida legislative session, which ended on March 14, 2022. Working closely with with state lawmakers, Florida Realtor successfully advocated for $362 million for housing programs. This amount also includes $100 million for the organization's 2022 priority, the Hometown Hero Housing Program.
The Hometown Hero Housing Program is a new revolving loan program for qualified Hometown Hero's. This loan reduces the upfront costs for these homebuyers by providing 0% interest loans to help with down payment and closing costs. The loan is repaid once the home is sold, rented or refinanced.
Since the pandemic began, homeowners have been eager to spruce up their spaces. Even recently, homeowners are spending more on home improvement projects than they have—due partially to higher building material costs, but also to a desire to widen the scope of their projects.
According to the Houzz survey, among remodeling homeowners, paint is by far the most common purchase. Sixty-five percent said their home renovation included paint, followed by new light fixtures (51%), faucets and showerheads (46%), and lawn and garden supplies (45%).
Source:
“Here Are the Most Popular Remodeling Projects,” Houzz.com (May 11, 2022)
Realtor.com: Home sellers may continue to hold the upper hand, but buyers may be more sensitive to price increases; and more inventory could enter the market.
Buyers are likely to become more sensitive to price increases. Mortgage rates are on the rise and are expected to continue to increase this year. As home shoppers face higher borrowing costs, they may need to tighten their budgets or even step back from the market as home prices increase as well. That could help to moderate price trends, realtor.com says.
More inventory will likely hit the market. Buyers may see the benefit of a greater housing supply. Still, the number of homes for sale is expected to remain historically low this year, though more
Competition abounds in the real estate market, and buyers are continuing to bid up home prices this spring. Fifty-two percent of homes sold above the list price in April, up from 45% in March and from 42% a year earlier, according to OJO Labs, a real estate technology company.
Homes in April sold for an average of $13,655 above the list price across metro areas, according to the OJO Lab analysis that tracked MLS sold data.
In San Francisco, 82% of homes sold above the list price and at an average of $190,921 higher. Denver had the second-most-competitive metro, with 70% of homes selling above the list price—$33,464 higher.
A Florida Realtor can help you navigate one of life’s most important decisions.
A home is one of the largest investments you’ll ever make. And when it’s where you live, the buying or selling decision often is as much of an emotional investment as a financial one.
A professional Realtor can help you at every step along the way.
Why hire a Realtor?
HERE'S A LOOK AT WHAT A REALTOR CAN DO FOR YOU!
Whether you're buying or selling a home, choosing to work with a Realtor is one of the smartest things you can do. Realtors are always looking out for YOUR best interests. And who doesn't want that?
Stealing the spotlight in 2022 for home buyers is a safe place to call home and adequate space. The trends today, and in the near future, are homes that provide better design and function.
1. Hight Speed Internet and Broadband - If a home doesn't have a good digital infrastructure, work from home buyers may not be interested.
2.Quality, Quality, Quality - Aside from location, location, location, Buyers are looking for quality building materials, systems and appliances.
3. In-Home Theaters, Yoga Studio or Sophisticated Lounge - These are areas of the home people welcome in 2022 to unwind and/or stay fit in the home.
4.Purple is the New Gray (or Black) - This can be a neutral color in the home and can easily be paired with earthy color
The real estate market is proving to revive itself whether transactions are being conducted virtually or in person, real estate is back according to data from ShowingTime. Our market continues to show signs of improvement each week and is poised to gain traction back to pre-pandemic levels very soon. The DuPree Team advises that if you were planning to sell this year and postponed your plans due to the pandemic, now is the time to reconsider before the market is flooded with sellers. Call, Text or Email us today for your free market evaluation!
More views. The average online listing with a real estate virtual tour receives substantially more views than listing without tour.
Permanent Open House. The virtual tour is like having a 24/7 Open House – without the presence of the realtor or home seller to show the property.
Saving time. It’s a tool to help realtors and home buyers pre-qualify properties, saving everyone time.
Instant information. The Virtual Tour can be easily found online and provide access to instant information for home buyers about the property, including schools, location and mortgage information. Did you know 90% of home buyers begin their search on the Internet?
Used in social networking. With just one click, the virtual tour can be
Home buyers should enter the marketplace with more than a vague idea of their borrowing ability. They should seek a written statement from a mortgage lender or mortgage broker before negotiating to buy a house, that they would qualify to purchase a home for up to a stated maximum price with a specified down payment.
“Pre-approvals” are usually based on the consumer supplying detailed creditor information, but are always contingent on the consumer’s credit information proving accurate and satisfactory at the time the consumer actually applies for the loan and the property purchased being worth enough to support the required LTV ratio. Often, pre-approvals are only good for a certain number of days (e.g., 60 or 90 days) and don’t set a
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