We all wish we had a crystal ball for the economy, especially with the type of volatility that began last year and is sure to continue into 2023. In his latest column, Premier SIR CEO Budge Huskey details his outlook for 2023, for housing and for the economy at large. Though he predicts a ‘lackluster’ …
The annual tally for 2022 residential relocation is in and the results are no surprise… Florida was the fastest growing state of 2022. Our highly desirable combination of temperate climate and tax advantages has been a longtime lure for part-time sun seekers and full-time residents, and those trends have seen unprecedented boost in recent years. …
Understanding mortgage rates and home equity can be pretty complex… but it’s extremely important for homebuyers and homeowners to understand their financial options in order to create their best strategies for buying a house or financing renovations. Jose Moreno is an expert in mortgage origination in the Sarasota Florida area, and he’s sharing details about …
The homeowners’ insurance market in Florida has changed significantly in recent years, and there are updates that you need to know. While these changes preceded Hurricane Ian, the major effects of the storm have exacerbated an already tight marketplace. In the last two years, more than 400,000 Floridians have had their homeowners insurance cancelled or …
The question that a lot of people have been asking after Hurricane Ian is, ‘should I stay or should I go?’ As expected following such a major weather event, there are prospective buyers and residents for whom the concern of a repeated occurrence is too great, and their interests have turned elsewhere. But for each …
No two natural disasters are the same, but there are real estate patterns that can be identified and anticipated following a significant weather event. Premier Sotheby’s International Realty Managing Broker Craig Cerreta has released a thorough analysis of historical trends and key factors to consider following Hurricane Ian. To access the full report, click here.
The latest tips for approaching the new market dynamics as a buyer are to remain realistic and to be prepared. While the market has shifted, it still favors sellers in Sarasota simply because inventory is not yet high enough to satisfy the demand of all of the new residents migrating to our gorgeous coastal city. …
Lawrence Yun, the long-term chief economist for the National Association of REALTORS recently surprised a lot of industry players with the declaration that we’re in a housing recession. So what’s really going on in real estate here and around the country? There have certainly been changes and there are more on the horizon, with inflation …
There are A LOT of headlines about the housing market right now. Some of them make it seem like the sky is falling, the bubble is bursting, and the crash is coming… but what’s really the truth? Well, it depends on your specific market and, in a lot of ways, your specific home. The reality …
There’s been a lot of talk about shifts to the housing market nationally, and we’re not immune to them in Florida or specifically in Sarasota. One of the counterpoints, though, and an important demographic trend that began before 2020 and reached a crescendo during the pandemic is the relocation of high net worth individuals to …
