NAR: Vacation Home Sales Rose 16.4% in 2020Lee County tops NAR’s list of U.S. counties for the highest increase in vacation home sales, with Collier County also making the top 10 list. In 2020, vacation home sales were 5.5% of total existing-home sales; in 2019, they were 5%. Vacation home median prices were up 14.2%.
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Migration Study Finds Big Gains in Some Fla. MetrosORLANDO, Fla. – Updater, a data company and part of the National Association of Realtors®’ (NAR) inaugural REach program, looks at data such as Wifi account changes to analyze moving trends and produces quarterly reports on relocations in its United States Migration Report: Q1 2021. Updater’s report analyzes 300,000 moves over the past year. …continue
Affordable Fla. Homes Scarce – But Especially in SW FloridaORLANDO, Fla. – We’ve traveled once around the sun since the COVID-19 virus rocked the real estate world. In the early days, fears about overall market health were common, but now the problem child targeted by economists is housing inventory. …continue
29% of Sellers Think Home Is Worth Less than Asking PriceSANTA CLARA, Calif. – According to a new realtor.com survey, sellers are almost giddy with anticipation as more enter the market this year. Multiple offers, bidding wars and high prices are just the beginning of what sellers expect. …continue
U.S. Consumer Confidence Rises Sharply Again in AprilBOSTON – Consumers appear to be regaining their confidence in the economy, which bodes well for future purchases of anything from homes to appliances.
The Conference Board Consumer Confidence Index rose sharply again in April, …continue
