Witt Home Realty

June home sales slump, pointing to a buyers market as supply increases by 35% 😯

June home sales slump, pointing to a buyers market as supply increases by 35%😯

Miami-Dade County Infographic - June 2024

JUST LISTED!
Spectacular one story home with lake view. This large 5 bedroom, 3 bath with great split floor plan and 2 car garage is located in a very desired community called The Ridges in Weston.

"Home prices remain at heightened levels due to a shortage of existing homes for sale and new home construction failing to fill the demand gap,” some reasons for this housing inventory shortage include homeowners reluctant to give up the ultra-low-rate mortgages they secured early on in the pandemic — especially with current mortgage interest rates hovering in the 7% range.

Just Listed!
Beautiful & fully remodeled(2023) 4 bedroom and 4 full bathrooms home with a fabulous location at the end of a quiet lush cul-de-sac near The Falls Area.....

Have a wonderful Memorial Day!

I get asked this alot & here are the most common mistakes I see happening....

Happy Solar Eclipse Day 2024

March 2024 Monthly Housing Market Trends Report:

*The number of homes actively for sale was notably higher compared with last year, growing by 23.5%, a fifth straight month of growth.
*The total number of unsold homes, including homes that are under contract, increased by 16.5% compared with last year.
*Home sellers were more active this March, with 15.5% more homes newly listed on the market compared with last year.
*The median price of homes for sale this March remained relatively stable compared with the same time last year, increasing by only 0.2%.
*Homes spent 50 days on the market, which is two days shorter than last year and 12 days shorter than before the COVID-19 pandemic.

Almost 4 1/2 months supply of homes for sale on the market now. Getting better, but still need more.......

Miami-Dade County Infographic - February 2024

National Association of REALTORS® Reaches Agreement to Resolve Nationwide Claims Brought by Home Sellers

Here's what you need to know:

NAR has agreed to put in place a new MLS rule prohibiting offers of broker compensation on the MLS. This would mean that offers of broker compensation could not be communicated via the MLS, but they could continue to be an option consumers can pursue off-MLS through negotiation and consultation with real estate professionals. Offers of compensation help make professional representation more accessible, decrease costs for home buyers to secure these services, increase fair housing opportunities, and increase the potential buyer pool for sellers. They are also consistent with the real estate laws in the many states that expressly authorize them.

Further, NAR has agreed to enact a new rule that would require MLS participants working with buyers to enter into written agreements with their buyers. NAR continues, as it has done for years, to encourage its members to use buyer brokerage agreements that help consumers understand exactly what services and value will be provided, and for how much. These changes will go into effect in mid-July 2024.

www.listreports.com

Happy New Years.....
Here's Decembers home sales numbers

Miami-Dade County Infographic - December 2023

September numbers are out. New properties going on the market slowly ticking up but alot less inventory are keeping closings(sells) down.....

Miami-Dade County Infographic - September 2023

June's numbers are out: Less new listings+Less inventory= Higher prices!

Miami-Dade County Infographic - June 2023

Real estate is still regarded as a significant financial choice by many people. Here's why!

The Best Long-term Investment is still Real Estate - Local Social Pro | Award-Winning Local Social Media Marketing If you're considering buying a house, you're on the right track to making a wise long-term investment.

Making a move in the housing market is more than just taking care of your own needs. You're also boosting the local economy. Here's why!

Benefits of Real Estate to the Community and Economy - Local Social Pro | Award-Winning Local Social Media Marketing Did you know that your home's purchase and sale can have a significant impact on the local economy?

If you see unfavorable headlines about home prices, keep in mind that they might not entirely show the bigger picture. Here is what you need to know.

What Is Really Happening to Home Prices? - Local Social Pro | Award-Winning Local Social Media Marketing Although home prices may fluctuate, they would not completely change your housing plans.

If you are having trouble deciding whether or not to buy a home, these are good reasons to think about.

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If you want to buy a house, it is true that saving for a down payment is difficult. But the good news is that it is achievable.

What You Need to Know About a Down Payment for a House - Local Social Pro | Award-Winning Local Social Media Marketing Now is the time to assess your savings and figure out how much you can put down as a down payment.

Are you still on the fence about buying a house? Inflationary times are still the best time to purchase a home. Keep reading to find out why!

The Best Way to Combat Inflation is to Own a Home - Local Social Pro | Award-Winning Local Social Media Marketing There are many ways to fight inflation. But one of the best ways is to invest in real estate.

While there are so many deciding factors that go into if it’s a good time to hope on homeownership, your needs are the top priority. If you have the means to do it, there is no reason to hold back!

Why You shouldn't let Mortgage Rates Halter Your Real Estate Journey - Local Social Pro | Award-Winning Local Social Media Marketing Keep in mind that while mortgage rates are an important consideration in your choice, your needs are what matter most.

Home prices are beginning to rise once more. The most recent data paints a very different and much more encouraging picture. Here's the full data.

Despite Concerns, Recent Data Shows that Housing Prices are Stabilizing - Local Social Pro | Award-Winning Local Social Media Marketing Contrary to popular belief, home prices are not plummeting. Home sales are increasing and price declines are leveling off. So if you are unsure whether to start buying or selling your home, this good news about home prices may be your “go” sign. The experts predict that prices will stabilize. As...

There is no need to be concerned about predictions of a housing market crash. It is not happening. In fact, things are improving.

Contrary to Gloomy Forecasts, Home Prices Did Not Crash - Local Social Pro | Award-Winning Local Social Media Marketing Prices for homes are currently stabilizing. The housing market is much stronger than we think.

There is no stopping the millennials from getting their dream homes despite the ever-changing housing market trends. Click on the link to find out more.

Driving Change: Millennial Buyers in the Current Housing Market - Local Social Pro | Award-Winning Local Social Media Marketing Millennials are on driving the current real estate market with their keen sense of opportunity. Read here to find out more about this!

Data show that the housing market is currently on a strong foundation. Read full details here

Why Real Estate Will Survive Despite Challenges - Local Social Pro | Award-Winning Local Social Media Marketing Despite all the obstacles, the real estate market held steady. Therefore, it is best to invest in it now!

See how your credit score can impact your loan application when securing your dream home. Click on the link to read more about it!

The Credit Score You Should Have to Get Your Dream Home - Local Social Pro | Award-Winning Local Social Media Marketing Understand why the housing market relies on supply and demand. Also, see how several factors play a role in this. Read here to learn more!