The value of the Market Hotness Index* was 103.56 for the week ending April 7th, 2024, compared to 103.13 in the previous week. The index value improved marginally as the housing market adjusts to elevated rates.
Housing Market Hotness Index April 07, 2024 Read More »
Average yearly home insurance premiums in Florida surged to over $4,231 in 2022 from $2,165 in 2020, according to data from the Insurance Information Institute (Triple-I). Furthermore, they climbed by an additional 42% in 2023, solidifying Florida’s position as the state with the highest homeowner insurance premiums. Forecasts suggest double-digit increases for 2024.
Surging insurance premiums and HOA fees slow down Florida’s Housing Market Read More »
The index posts another modest gain as market warms up.
Housing Market Hotness Index March 31, 2024 Read More »
In the dynamic landscape of the real estate market, the patterns of homebuyer interest are undergoing a transformation. Buyers are veering away from the traditionally popular West and South regions, redirecting their attention to the affordability haven offered by the Northeast and Midwest.
Why Homebuyer Interest is Shifting to the Northeast and Midwest Read More »
While everyone’s buzzing about those lucky homeowners with ultra-low mortgage rates, millions of homeowners are quietly celebrating a different kind of financial freedom: ditching their mortgages altogether! That’s right, 40% of owner-occupied homes in the US are now mortgage-free.
Who Owns Mortgage-Free Homes and Where? Read More »
The housing market is trending warmer, with the index value increasing modestly over the previous week’s reading.
Housing Market Hotness Index March 24, 2024 Read More »
The February 2024 updated study by Veros Real Estate Solutions (Veros) examines the influence of historical redlining on modern automated valuation models (AVMs) in the housing market. In their update, researchers expand their analysis to five additional metropolitan areas in the United States.
2024 Veros’ Study Update on “Does Historical Redlining Influence Today’s AVM Estimates” Read More »
Hurricane Ian, a Category 4 storm, struck in September 2022, causing extensive damage to over 30,000 homes in the Fort Myers area. As a result, numerous residents were compelled to vacate their homes and are now confronted with the challenging process of reconstruction or renovation.
Cape Coral – Fort Myers Housing Market After Hurricane Ian Read More »
In a landscape characterized by constrained housing supply and diminished affordability, prospective first-time homebuyers find themselves navigating heightened competition with investors for the limited pool of affordable or low priced homes available on the market.
Investors Turn Attention to Low-Priced Housing Opportunities Read More »
The housing market is trending warmer, with the index value increasing modestly over the previous week’s reading.
Housing Market Hotness Index March 17, 2024 Read More »
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