Higher prices, more expensive mortgages and an increase in sales form the basis of predictions for the US property market in 2021. This scenario has interesting implications for investors. Find out why in our latest news article.
In Q3, US house prices rose across the board with 65% of metros registering double-digit increases. Single-family home prices rose in every one of the 181 metros included in the NAR report as the market shows no signs of flagging in 2020.
The trend for staycations and search for new homes lead to busy winter for short-term lets in Florida. Rates look set to double in some areas predicted to see record levels of occupancy. According to new survey data, staycations are here to stay during 2021 as well.
Builder confidence in the US reached an all-time high in October after a record September. This together with a surge in demand and the increase in single-family home starts and sales leads experts to believe the market has excellent potential in the short and medium term.
Price hikes, lower inventory levels and fast sales in September set the tone for an unusually busy autumn for the US property market. Competition for homes will be fierce and many buyers will not be able to purchase the property they want. As a result, opportunities for buy-to-let investment will open up even further.
Despite unemployment and lower GDP growth, the effects of covid-19 are sustaining the US housing market. Pending sales and house prices are increasing while inventory levels plummet meaning analysts forecast stiff bidding wars between buyers over the rest of the summer.
With staycations acting at the mainstay for most tourist industries this year, holiday let properties are at a premium. Discover where the best places are for US vacation rental homes in 2020.
Four months after the start of the pandemic, the US real estate is showing strong recovery. In late July, it surpassed the 100 mark on the realtor.com index, indicating that it had returned to January levels. However, despite booming sales and rising prices, supply remains very low and it is very much a vendor's market.
US homebuilding saw a record month in June when sales by one of the largest construction companies skyrocketed by 94%. Permits and building work have also increased on the back of strong buyer demand for larger single-family homes in suburban locations.
Record buyer interest and surging house prices suggest that the US real estate market has recovered its pre-pandemic levels. And based on the latest figures, analysts are predicting the busiest summer ever, although buyers face a chronic lack of supply.
While some asset classes such as stocks and shares are currently riding a rollercoaster, multi-family properties offer solid investment potential. Consistent and sustained demand means this type of real estate investment stands out against all others at the moment.
Florida is one of the world’s favourite destination not only for travelling but also for investing in property. Here is an overview of the real estate market and economy in the state in Quarter 3 of 2019. The Florida Realtors’ latest report shows new positive figures. They stated that more closed sales, higher median prices, more pending sales and rising pending inventory during the third quarter of 2019. Also, during those three months, more than 78,750 single-family homes were sold across Flor
New figures show an increase on property value. In fact, home values have increased by 4.64% from 2018 in the same period. The forecast for home values in the US shows and increase of 2.2% over the next year. However Florida’s forecast is even more positive showing an increase of 4.09% over the next year.
The economic forecast in Florida shows signs of economic growth specially in real estate. Sean Snaith, economist from University of Central Florida, expects the state economy to grow at a faster pace than the United States. The property market in Florida has always been stable and rising.
Jacksonville is the largest city by population and area in the state of Florida. Home to 903,889 residents, it too has a growing population with a rise of 1.6 million expected by 2023.
At BRIC, we partner with successful and reliable property management companies such as Compass Property Management Group, a full-service Property Management Company. Compass Property Management Group has been awarded 2019 Best of Jacksonville Award
