Homes for sale have dwindled
Supplies of existing dwellings have dwindled far below the six-month level considered normal. Realtors are receiving multiple offers. Builders can t keep up with demand and flipping is back.
Talk of a housing bubble is now common among analysts – including those at Swiss banking giant UBS, who back up their claims with charts showing how home prices are outstripping both wages and rents. While home prices have appreciated more than 60% since November 2012, incomes have only appreciated by 20% and rents by 30% over the same time period. The upshot: Homes are out of reach for more and more buyers every year, the analysts argue.
BHHS Fox & Roach, REALTORS® Leaders Named Real Estate Newsmakers — RISMedia
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2021 Real Estate Newsmakers: The Hall of Fame — RISMedia
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Key West. Built in 1934, this extensively renovated home is in the historic Meadows district. The two-bedroom, open-plan main house has cathedral ceilings, Dade pine floors, a master bath with fish-scale tile, and a great room with French doors to the pool.
The double lot has wood decks, brick paths, tropical plantings, a two-bedroom pool house with outdoor shower, and a one-bedroom carriage house with full bath. $2,100,000. John Geno Zaharakis, Coldwell Banker Schmitt Real Estate, (773) 206-0097.
Montverde. This award-winning 2018 Mediterranean sits beside Lake Siena on Pine Island. The four-bedroom home features Control4 automation, bleached-oak floors, two-story windows with water views, a gourmet kitchen, a wine room, and a master suite with built-in screen and projector, oversize walk-in closet, and bathroom w