Budget Caution: Avoid overextending; prioritize affordability to prevent stress and financial strain later on.Emergency Fund Neglect: Overlooking emergency funds risks financial strain from unexpected repairs or job changes.
News
Check out market updates
For homebuyers in 2024, securing mortgage pre-approval and reducing existing debt are crucial steps.A survey indicates 41% of Americans plan to buy a home in 2024 despite challenges in the housing market.
Median sales prices ↑ to $615K for a house and $420K for a condo in Miami-Dade County in November. Despite rising supply, high demand in South Florida has kept housing prices resilient, presenting challenges for aspiring homeowners.More options are available for home buyers, with Miami-Dade having a 4.4-mo supply of houses and 6.8-mo of condos.
National Avg: In Q3 2023, 35% of U.S. home sales involved seller concessions. Florida Metros: Miami (35.4%) and Orlando (34.3%) align with the national avg. Tampa Surge: Tampa saw a notable rise, with 43.1% of sales involving concessions.