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Published byAlannah Adams Modified over 9 years ago
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Brad O’Connor, Ph.D. Chief Economist FloridaRealtors® brado@floridarealtors.org
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“Expect home sales to increase about 10 percent” “Home values should rise at historical rates, around 4-5 percent”
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Produced by Florida REALTORS® with data provided by Florida’s multiple listing services
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Up 12.4% statewide compared to last year Up 18.6% in Q1 compared to Q1 last year Up 15.0% in Q2 compared to Q2 last year Up 14.7% in Q3 compared to Q3 last year Up 2.0% in Q4 compared to Q4 last year
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Up 6.1% statewide compared to last year Up 7.1% in Q1 compared to Q1 last year Up 7.3% in Q2 compared to Q2 last year Up 8.9% in Q3 compared to Q3 last year Up 0.8% in Q4 compared to Q4 last year
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Produced by Florida REALTORS® with data provided by Florida’s multiple listing services
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Up 10.1% compared to last year Up 8.3% in Q1 compared to Q1 last year Up 11.1% in Q2 compared to Q2 last year Up 9.8% in Q3 compared to Q3 last year Up 11.4% in Q4 compared to Q4 last year
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Up 7.1% compared to last year Up 7.4% in Q1 compared to Q1 last year Up 9.2% in Q2 compared to Q2 last year Up 7.9% in Q3 compared to Q3 last year Up 6.3% in Q4 compared to Q4 last year
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Produced by Florida REALTORS® with data provided by CoreLogic and Florida’s multiple listing services
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Produced by Florida REALTORS® with data provided by CoreLogic
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Produced by Florida REALTORS® with data provided by Florida’s multiple listing services
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Produced by Florida REALTORS® with data provided by the Florida Department of Revenue and Florida’s county property appraisers
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Population Growth
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Produced by Florida REALTORS® with data provided by the U.S. Bureau of the Census
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Produced by Florida REALTORS® with data provided by the Bureau of Economic and Business Research at the University of Florida
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Produced by Florida REALTORS® with data provided by the U.S. Bureau of the Census
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Population Growth Employment Growth
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Cyclical – Caused by Economic Booms and Busts Structural – Caused by mismatch between skills of available workers and skills demanded by employers Seasonal – Caused by, well, seasonality Frictional – Caused by normal job transitions and economic growth
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12-month averages reported; Produced by Florida REALTORS® with data provided by the U.S. Bureau of Labor Statistics
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Produced by Florida REALTORS® with data provided by the U.S. Bureau of Labor Statistics
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Population Growth Employment Growth Financial Market Performance Especially for areas with a sizeable retiree population or luxury market
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Population Growth Employment Growth Financial Market Performance Inventory of Existing Homes
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Produced by Florida REALTORS® with data provided by Florida’s multiple listing services
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Single Family Homes: 4.3 months’ supply Down 16.8%, year-over-year Condos/Townhouses: 5.4 months’ supply Down 7.5%, year-over-year Inventory listed for less than $200,000 is in short supply, especially in the Single Family Home market
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Population Growth Employment Growth Financial Market Performance Inventory of Existing Homes New Construction
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Produced by Florida REALTORS® with data provided by the U.S. Bureau of the Census
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Population Growth Employment Growth Financial Market Performance Inventory of Existing Homes New Construction Investor Participation in the Market
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Produced by Florida REALTORS® with data provided by the U.S. Bureau of the Census
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Single Family Homes In 2015, 36.0% of all closed sales were paid in cash This is down from 41.3% in 2014 Condos/Townhomes: In 2015, 67.4% of all closed sales were paid in cash This is down from 63.1% in 2014
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Produced by Florida REALTORS® with data provided by Florida’s multiple listing services
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Population Growth Employment Growth Financial Market Performance Inventory of Existing Homes New Construction Investor Participation in the Market International Buyers
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Produced by Florida REALTORS® with data provided by the Board of Governors of the Federal Reserve System
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Produced by Florida REALTORS® with data provided by the Florida Department of Revenue
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Population Growth Employment Growth Financial Market Performance Inventory of Existing Homes New Construction Investor Participation in the Market Foreign Buyers Mortgage Rates and Availability
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Population Growth Employment Growth Financial Market Performance Inventory of Existing Homes New Construction Investor Participation in the Market Foreign Buyers Mortgage Rates and Availability Inflation Rates
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Inflation will pick up at some point but not in the immediate future No threat of deflation, at least until next football season
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Population Growth Employment Growth Financial Market Performance Inventory of Existing Homes New Construction Investor Participation in the Market Foreign Buyers Mortgage Rates and Availability Inflation Rates Tallahassee
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We’re the only state that has one Affects businesses of all sizes Statutory tax burden is not actual tax burden No, your car is not covered
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Expect existing home sales to increase about 8-10 percent Existing home prices will likely rise about 5 percent
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