Rise in Purchase Mortgage Applications In further substantiation of my most recent Reports of May 10 and 21 that home sales are leading the recovery (reproduced herein for ease of reference), today the Mortgage Bankers Association (“MBA”) reports for the week ending May 22, a sixth consecutive weekly increase in mortgage applications, a jump of … Continue reading Rise in Purchase Applications: Further Supports Housing Leading the Recovery.
The Mortgage Bankers Association (“MBA”), which tracks mortgage applications and purchases, reported yesterday that its index for single-family homes rose for the fifth consecutive week. On Tuesday Fed Chairman Jerome Powell testified before the Senate Banking Committee. He gave a pretty grim assessment of the state of the US economy. The mortgage market was the … Continue reading Pending home sales outpacing same time last year.
Let’s not pretend that our perspective in Florida squares with the rest of our country. Many of us, retired and living on fixed incomes have an easier time with a stay-at-home order than younger generations who are in their wealth building years. Disadvantaged, poor and struggling workers are falling into an even deeper despair. I … Continue reading Perspective: Let’s get personal.
Unlike 2008 when inflated prices and reckless lending paved the way for the Great Recession, as we face COVID-19, housing’s fundamentals have never been better, along with record breaking jobs and economic expansion. There will be challenges, but the housing market in Sarasota County is positioned to meet them. On March 16th things changed. The … Continue reading Home sales and COVID-19
The Rob Report By: Robert Goldman Published: February 15, 2020 The impact of the coronavirus on the housing market & Single Family & Condo Sales Report Inventory low, sales up, sold prices neutral SARASOTA COUNTY February 2020 What impact will the Covid-19 coronavirus have on the housing market? The next few weeks will be … Continue reading The impact of the coronavirus on the housing market.
Strong selling season. Inventory down, sales and prices up. As of the end of January, there were only 4,419 homes for sale (single family and condos). Compare that to the 5,779 homes for sale one year ago. That equates to 25% less homes for sale in January 2020 vs. the same month last year. Although … Continue reading Strong selling season.
In December, single family and condominium home sales closed out the year consistent with 2019 trending sales. As we ride into the new decade, 2020, I do not foresee any material GEO political/economic, national, regional or local indicators which will alter the current pace and scope of single family and condominium sales in Sarasota County. … Continue reading Inventory low, prices up.
As 2019 draws to a close, from a macro level, “resilient” is an apt descriptor of the State of the Sarasota County Housing Market. Inventory remains low, consistently a 3 to 4.5-month supply. With few choices, homes are on the market for about 75 days. Concomitant therewith, prices have appreciated, although modestly, at generally … Continue reading 2019 Year in Review: Sarasota County
SARASOTA COUNTY: Home & Condo Sales Report for October 2019 AND THE BEAT GOES ON. As we are nearing the end of the year and contemplating the year to be, it is staggering the number of development projects recently completed, under construction or planned in Sarasota County. Barring disruptive Geopolitical/economic events, with interest rates and … Continue reading And the Beat Goes On … Sarasota County Home & Condo Sales Report Oct 2019
SARASOTA COUNTY: How’s the Market? Polish Your Pennies. Home & Condo Sales Report for the month of August 2019 Robert Goldman September 11, 2019 I’m always asked … How’s the Market? That question is always followed up with the second, real question: If I was going to buy or sell today, how would … Continue reading How’s the Market? Polish Your Pennies.