Florida Housing Market Update: REAL #’s for the first half of 2023 - The numbers don’t lie!

In this episode, I show you specific data to see what has really happened in the housing market over the last 6 months in the Central Florida area. Did you know the Average Sales Price went up 8.5% in the last 6 months? But, the Average Days on Market went up around 200%! We talk about WHY the market has slowed down but prices have not dropped.
*******************************************************************************************************************************************************************
Melanie is a Tampa Bay area REALTOR® with Smith & Associates Real Estate. She loves the Tampa Bay area, houses, and helping clients buy and sell real estate.
You can register at my website! www.melanielov...
Call/text me if you are looking to buy/sell a home in the Tampa Bay area!
📞 813.616.2427
License ID: SL3202862
SUBSCRIBE to this channel if you want to learn about real estate, home ownership, or living in the Tampa Bay area: goo.gl/XStcGM
FOLLOW MELANIE! 📱
melanielovestam...
INSTAGRAM:
/ melanielovestampabay
FACEBOOK:
/ melanielovestampabay
SMITH & ASSOCIATES:
melanieatkinso...
DISCLAIMER: All content provided on melanielovestampabay.com and the Melanie Loves Tampa Bay KZbin channel/social media platforms is for informational/entertainment purposes only. The owner of Melanie Loves Tampa Bay makes no representations as to the accuracy or completeness of any information on this site or found by following any link on this site. Information provided is subject to change, please consult Melanie directly or another licensed real estate agent to receive the best expertise for your specific situation.
The owner of Melanie Loves Tampa Bay will not be liable for any errors or omissions in this information nor for the availability of this information. The owner will not be liable for any losses, injuries, or damages from the display or use of this information.
Music from Soundstripe SRZCNVQ64D8CH05R

[@Riggsnic_co]

The issue is that either the renter or the owner must in some way pay insurance and property taxes if they want a "permanent roof" with utilities like electricity, gas and water. Because of this, many people-at least in California, where I currently reside-are living in tents. No taxes, rent, mortgages, or insurance. The number of people who tell me they live in their car that I meet amazes me. Its crazy out here!

[@kevinmarten]

It’s getting wild by the day. The prices of homes are quite ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%). Sometimes i wonder if to just invest my spare cash into the stock market and wait for a housing crash or just go ahead to buy a home anyways.

[@usieey]

I get such worries too. I'm 50 and retiring early. Already worried of the future and where its headed, especially in terms of financies and how to get by. I'm also considering making my first investment in the stock market, but how can I do so given that the market has been in a mess for the majority of the year?

[@Mohaimam316]

Personally, I can connect to that. When I began working with "Catherine Morrison Evans," a fiduciary financial counsellor, my advantages were certain. In these circumstances, I would always advise getting professional help so they can steer you through choppy markets and just give you indicators and strategies for knowing when to enter and exit the market.

[@kevinmarten]

Please how do I connect to her? My funds are being murdered by inflation, and I'm looking for a more profitable investing strategy to put them to work.

[@Mohaimam316]

My advisor is ‘’Catherine Morrison Evans’’ she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market

[@humanbeing496]

Thank you Melanie! What does the outlook for real estate market in the tampa bay area look like in coming months?

[@nickclemente9493]

So interesting…love the detailed analysis!

[@ItsCookiepuss]

Great info, thank you. Would love to hear your feedback on the current “insurance/roofing max age” issue. We are looking to buy a home with an older tile roof (30 years old) and are nervous about the insurance debacle that will most likely follow as insurances really want roofs replaced over 15-20 years…crazy expectation especially for tile….

[@MelanieLovesTampaBay]

Thank you for the comment! A 30 year tile roof is definitely an issue. They typically last between 25-40 years (I find the lower end to be more common). Insurance companies may require a separate deductible for the roof or may decline to write you a policy in general. Would love to hear which insurance company you end up with.

[@julhe8743]

Great information thank you! 🙏

[@tdee17]

Excellent analysis! Any data on jumbo lending? Read banks are slowing down approvals of large mortgages. Does it impact sales over $1million?

[@MelanieLovesTampaBay]

Thank you! I haven’t looked for data specifically on approvals of jumbo loans but if they are going down, then yes, it would impact sales over $1M

[@rkanagala]

Great analysis, thanks for sharing

[@ultanwoods]

Good video Melanie 👏

[@RyanOwensTampa]

Great Job Melanie

[@aarondaniels629]

Great video, thank you. From your experience, a) has there been a period in history similar to now and b) when could the market recover? In basic terms...when do you think prices fall to a point where they are affordable (complete guess...i know you are not a prophet...just interested in an educated guess from someone as smart as you)

[@MelanieLovesTampaBay]

Thank you for the comment and questions! My answer to your questions would be a bit too long for this comment but I will work on some episodes that work through these issues!

[@sharonmarino9728]

Excellent information!

[@MelanieLovesTampaBay]

Thank you 💕

[@christinamurphy3845]

Just found your channel and we are hooked! Fantastic market analysis thank you! Do you have any episodes on rules for short term rentals in Tampa? (We would like to buy our secondary property now, rent it ( Airbnb) to pay it down, and then become snow birds in Tampa when we retire). But I’ve heard Tampa has restrictions on short term rentals and I haven’t found a video on your channel yet about this. Can you make a video related to this please? We would be interested in a condo, townhome or house.

[@MelanieLovesTampaBay]

Thank you so much for the suggestion! It is a topic I have debated doing for a long time. The challenge is that the restrictions regularly change depending on the city. There are so many different city codes/regulations, especially when looking at properties near the beach, that the info I give may be outdated fairly quickly. I will look into doing a video that provides links that will provide up to date codes for different cities ♥️

[@christinamurphy3845]

This would be a great idea and very much appreciated!

[@blakeboling8099]

8/5/23: impressed with the professionalism of your video and the quality of the contact. Really nice job. I’ll be back.

[@MelanieLovesTampaBay]

Thank you so much!

[@brookebrekke]

*promo sm*