Real Estate Market Update

Dated: 12/24/2018

Views: 245

Housing Starts hit a better-than-expected 1.256 million annual rate, up 3.2% for November, though down 3.6% from a year ago. 

Of course, that's when starts were way up following Hurricanes Harvey and Irma.

But comparing the first 11 months this year against the same period in 2017 shows starts up 4.7% overall. 

And the future looks good: 

Building Permits blasted up 5.0%, the biggest one month gain in more than a year.

Existing Home Sales also surprised, up two months in a row, though down from a year ago thanks to tight supply. 

Yet inventories are up four months in a row and demand is strong: 43% of homes sold in less than a month!

Blog author image

Ken and Michele Jones

Thank you for allowing us the opportunity to earn your business! If you're thinking of buying or selling a home, we greatly appreciate our clients and will work to provide OUTSTANDING customer service....

Want to Advertise on this Site?

Latest Blog Posts

3 Out Of 4 Millennials Think They Know How To Sell A Home THINK AGAIN

3 out of 4 millennials think they know how to sell a homeIRVINE, Calif. – Jun 12, 2019 – More than three-quarters of millennials feel very confident about how to sell a home, but very few have

Read More

2019 Hurricane Season Prep Tips

June is the start of Hurricane season and about halfway through Sinkhole season. While none of the recent "named" storms from last year impacted Tampa, we'd still like to remind you of some of the

Read More

Overview Of Florida Real Estate Transactions

Making your way from the first tour of a property to closing the transaction can be a frustrating and complicated ordeal. However, you can take some of the confusion out of the process by being

Read More

8 Things To Do When Moving

Once you've got the keys, feel free to give yourself a break. You deserve it! But don't rest on your laurels too long—and make sure to do these eight things right away.1. Change the locks

Read More