Florida is the 14th-best state to live in the country, according to WalletHub’s 2021 Best States to Live In list. 

Although pending home sales are up 29% from last year, they are starting to slow down, dropping 9.7% from their peak four weeks ago.

CoreLogic says the boost in equity will help stave off foreclosures, but the share of homes underwater in the metro Miami area was at 5.5% at the end of the first quarter of 2021, outpacing the national rate of 2.6%.

Experts at Builder Magazine recently came out with their Local Leaders list for 2020, which ranks the country’s 50 largest new-home markets based on closings by the end of the year.

Rising property values had homeowners cashing out of their existing residences to buy bigger homes in less-expensive areas last year.

High-end home sales surged in the three months ended April 30 as prices also rose and listings increased.

With half of all homes in today’s market selling above the asking price, the timing of when to list can have an impact on both time on market and sale price.

Home-price growth remained in double digits for the 10th straight month in May as inventory lows pushed the median listing prices up 15.2% from last year. But there’s good news for those looking for a home in this competitive

Of the 99 million residential properties in the U.S., approximately 1.4 million (or 1.4%) are vacant this quarter, with “zombie” home rates increasing both quarterly (21%) and annually (5.6%).

“Demand is robust throughout the country, but homebuyers continue to be held back by the lack of homes for sale and rapidly increasing home prices.” — MBA Associate Vice President of Economic and Industry Forecasting Joel Kan

First-time homebuyers found their long-term plans changed due to COVID.

It’s a seller’s market with single-family home sales, statewide in April, closing 33,264 homes and condo-townhouse sales totaling 17,330. Those year-over-year increases were 55.4% for single-family homes and 130.9% for condos.

New home sales slid 5.9% on a monthly basis in April to 863,000 units, the U.S. Census Bureau and the Department of Housing and Urban Development reported. Year over year, however, sales were up 48.3%.  Sales were down in all regions except for the West,

Higher income, backed up by lower mortgage rates, has expanded the reach of the average homebuyer, but an increased demand for homes has concurrently driven up prices, negating two of the three main factors in First American Financial Corp.’s Real House Price Index.  

With the seventh-lowest tax rate in the country, Florida attracts people from all over.

The limited inventory that has plagued the housing market continued, although at an abated pace.