{"href":"http://player.captivate.fm/services/oembed?url=http%3A%2F%2Fplayer.captivate.fm%2Fepisode%2F09df8f4a-7c56-412d-8d00-082134214313","version":"1.0","provider_name":"Captivate.FM","provider_url":"https://www.captivate.fm","width":600,"height":200,"type":"rich","html":"<iframe style=\"width: 100%; height: 200px;\" title=\"E062: Housing Market Update\" frameborder=\"0\" scrolling=\"no\" allow=\"clipboard-write\" seamless src=\"http://player.captivate.fm/episode/09df8f4a-7c56-412d-8d00-082134214313\"></iframe>","title":"E062: Housing Market Update","description":"<p>In this episode, I share some of the latest insights on the housing market, covering nationwide and local trends impacting buyers and sellers.</p>\n<p><strong>Key Highlights:</strong></p>\n<ul>\n <li><p><strong>Nationwide Trends:</strong></p>\n<ul>\n <li>4 million real estate transactions in 2023, the lowest in three decades despite a 24% population increase since 1993.</li>\n</ul>\n</li>\n  <li><p><strong>Local Insights:</strong></p>\n<ul>\n  <li>Pinellas County saw an 11% sales decrease, while St. Pete experienced a 6.4% decline year-over-year.</li>\n</ul>\n</li>\n  <li><p><strong>Impact of Interest Rates:</strong></p>\n<ul>\n  <li>Rising rates have prompt homeowners to hold onto low pandemic-era rates, leading to pent-up demand.</li>\n</ul>\n</li>\n  <li><p><strong>Cash Purchases:</strong></p>\n<ul>\n  <li>Nationwide, cash transactions hit a 10-year high, comprising one-third of sales in January 2024. Locally, Pinellas County and St. Pete saw 51% and 48% cash transactions, respectively.</li>\n</ul>\n</li>\n</ul>\n<ul>\n  <li><p><strong>Price Appreciation:</strong></p>\n<ul>\n  <li>Home prices continue to rise, with over 85% of metro areas seeing increases in Q4 2023. Tampa Bay maintains double-digit growth and Florida has experienced the largest home equity growth nationwide since Q1 2020.</li>\n</ul>\n</li>\n  <li><p><strong>Condo Market Shift:</strong></p>\n<ul>\n  <li>The passage of Senate Bill 4D in the spring of 2022 has created notable changes in the condo market </li>\n</ul>\n</li>\n  <li><p><strong>Market Dynamics:</strong></p>\n<ul>\n  <li>By definition the market is still considered to ba a seller&#39;s market though, in many ways, it is acting like a buyer&#39;s market.  However, real estate and market trends are hyper local and what happens in one neighborhood may not be the same trend in another neighborood.</li>\n</ul>\n</li>\n</ul>\n<p>If you are thinking of buying or selling I would recommend seeking professional guidance for personalized strategies in navigating the evolving market landscape.  If you would like to schedule a consultation, you can call or text me at 727-282-4335 or email at nicole@nicolesaunches.com</p>\n<p><br></p>\n","thumbnail_width":300,"thumbnail_height":300,"thumbnail_url":"https://artwork.captivate.fm/68c77e2e-d495-4814-8d6e-1eb3a99c7c8d/1218795-1568395190205-80d3b644912bc.jpg"}