Home prices have increased significantly over the last year, which in turn has grown the net worth of homeowners. Appreciation and home equity are directly linked – as the value of a home increases, so does a homeowner’s equity. And with these recent gains, homeowners are witnessing their financial stability and well-being grow to record levels. In more good news for homeowners, the most...
An important factor in today’s market is the number of homes for sale. While inventory levels continue to sit near historic lows, there are indications we may have hit the lowest point we’ll see. Odeta Kushi, Deputy Chief Economist at First American, recently said of our supply challenges: “It looks like inventory may have hit a bottom (we’ve seen this in the...
A good way to know what type of Vacation Rental Property to buy is to know what people want!!! 1. Spending habits Almost half of guests who search for a specific price range (49%) are looking for homes with a maximum nightly rate between $50 and $249. At the same time, guests seem more willing to spend on vacation compared to pre-pandemic. The average total reservation cost has grown 22% over the...
Check out these 4 rooftop bars. If you are vacationing or live here full time these places are great to eat and drink. The Roof Bar at the Westin Hotel The Roof Bar at the Westin Hotel has some of the best views of the vibrant downtown Sarasota and Sarasota Bay. This is the highest rooftop bar in Sarasota. Located on the 19th Floor. On some nights there is live music which includes a DJ and...
The major challenge in today’s housing market is that there are more buyers looking to purchase than there are homes available to buy. Simply put, supply can’t keep up with demand. A normal market has a 6-month supply of homes for sale. Anything over that indicates it’s a buyers’ market, but an inventory level below that threshold means we’re in a sellers’ market. Today’s inventory...
The pandemic created a tremendous interest in vacation homes across the country. Throughout the last year, many people purchased second homes as a safe getaway from the challenges of the health crisis. With many professionals working from home and many students taking classes remotely, it made sense to see a migration away from cities and into counties with more vacation...