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Owning a condo in Florida is becoming less attractive: Redfin

Housing Wire

In May 2022, the Florida Legislature introduced a new condominium safety law, which mandates more rigorous inspections and stronger financial reserves for HOAs. Before the new law was enforced, many condo associations were investing their reserves in government-insured instruments, sacrificing their liquidity to generate a return.

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Opinion: Riding the wave

Housing Wire

In Denver in particular, new listings increased 29.12% month-over-month and 22.63% year-over-year. Active listings at month’s end rose 13.14% to 5,511 homes, an astounding 45.87% gain year-over-year. They are also aware that they can negotiate on price and terms up front, as well as negotiate at inspection.

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Will Home Sales Increase in 2025?

Appraisal Buzz

Although the number of new listings entering the market is still about 14% less than it was prior to the epidemic, this represents a significant improvement over the 25% shortfall in March. 28 New York $680,934 7.0% 27.8% -26.3% -13.5% 51.3% -54.6% -35.4% 32 Los Angeles $956,130 4.5% 44.1% -27.7% -27.0% 24 Chicago $323,596 5.0%

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Buyers are struggling to compete in the white-hot Cincinnati market

Housing Wire

“I called the listing agent and it was listed three hours ago, but it was sold,” the Cincinnati, Ohio -based eXp Realty agent said. “We There is no way you can stay on top of things unless you hire someone to watch new listings pop up every 10 minutes. We couldn’t even see it. It is so hard to compete with that.”

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“It seems impossible:” Bergen County, NJ’s housing market is vexing agents and buyers

Housing Wire

70 towns, 90 new listings Local agents say the county’s tight inventory situation is largely to blame. “We We have been complaining about the lack of inventory for as long as I can remember, but then we at least had more listings,” Danny Yoon , an Edgewater, New Jersey-based Sotheby’s International Realty agent, said.

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Real estate newsletters: The ultimate playbook (+ 49 topic ideas & subject lines)

Housing Wire

For buyers, you may want to link to new listings that fit their must-haves. Is a new restaurant coming to town? How about that pest control service you used for your clients termite inspection? You can do the same with your social media channels. Be the first to let everyone in your network know about it.

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A look at Knoxville’s hot housing market

Housing Wire

“I never know how my day is going to go, because when a new listing comes on the market in Knoxville, the race is on. Owen Poveda, a broker for RE/MAX preferred company Home in the Smokies , said he gets between six to 12 offers per property, usually with bids heading up to 10% over asking price. It’s like a horse race.