No Comments

Expert Insights on the 2022 Florida Keys Housing Market

As we move into 2022, both buyers and sellers are wondering, what’s next? Will there be more homes available to buy? Will Florida Keys home prices keep climbing? How high will mortgage rates go? For the answer to those questions and more, we turn to the experts. Here’s a look at what they say we can expect in 2022.

Odeta Kushi, Deputy Chief Economist, First American:

“Consensus forecasts put rates at about 3.7% by the end of next year. So, that’s still historically low, but certainly higher than they are today.”

Danielle Hale, Chief Economist, realtor.com:

Affordability will increasingly be a challenge as interest rates and prices rise, but remote work may expand search areas and enable younger buyers to find their first homes sooner than they might have otherwise. And with more than 45 million millennials within the prime first-time buying ages of 26-35 heading into 2022, we expect the market to remain competitive.”

Lawrence Yun, Chief Economist, National Association of Realtors (NAR):

“With more housing inventory to hit the market, the intense multiple offers will start to ease. Home prices will continue to rise but at a slower pace.”

George Ratiu, Manager of Economic Research, realtor.com:

“We also expect a growing number of homeowners to bring properties to market, taking some pressure off high prices and offering buyers more options.”

Mark Fleming, Chief Economist, First American:

Strong demographic demand will continue to act as the wind in the housing market’s sails.”

What Does This Mean for Florida Keys Buyers?

Hope is on the horizon for 2022. You should see your options grow as more homes are listed and some of the peak intensity of buyer competition starts to ease. Just remember, rising rates and prices are a great motivator for you to find the home of your dreams sooner rather than later so you can buy while today’s affordability is still in your favor.

What Does This Mean for Florida Keys Sellers?

Make no mistake – this sellers’ market will remain in 2022 as home prices are projected to continue climbing, just at a more moderate pace. Selling your house while buyer demand is so high will truly put you in the driver’s seat. But don’t wait too long. With more listings projected to become available, your ideal window of opportunity to stand out from the crowd won’t last forever. Work with an agent who knows your local market and current inventory conditions to ensure you have the support you need to make an educated and informed decision about selling in the coming year.

Bottom Line

If you’re thinking of buying or selling, 2022 may be your year. Let’s connect to discuss your goals and the unique opportunities you have in today’s housing market.

No Comments

Coastal Realty of the Florida Keys’ Global Network Leads Industry with $254 Billion in Home Sales Among Top 500 U.S. Firms

Coastal Realty of the Florida Keys’ Global Network Leads Industry with $254 Billion in Home Sales Among Top 500 U.S. Firms

– Leading Real Estate Companies of the World® has led in sales volume for over 10 consecutive years. –

Islamorada, Florida – April 18, 2019 – Coastal Realty of the Florida Keys announced today that its global real estate network, Leading Real Estate Companies of the World®, continues to lead the industry in sales volume among the top 500 U.S. firms, with $254 billion in U.S. home sales in 2018, $32 billion ahead of its closest competitor, according to the REAL Trends Top 500. Among these firms, LeadingRE represents 21% of total sales volume and 22% of transaction sides. Overall, the global real estate network of 565 firms participated in 1.1 million transactions worldwide.

“We are pleased that, once again, our network achieved the highest sales volume among the top 500 firms in the U.S.,” said LeadingRE President/CEO Paul Boomsma. “Our independent brands combine the best of local expertise with the global connections and resources available through LeadingRE to deliver a superior customer experience for home buyers and sellers.”

LeadingRE is the largest network of top independent residential real estate firms, and network affiliates are widely recognized as the premier providers of quality residential real estate and relocation services. As a member of LeaidngRE, (your company name) is aligned with 565 market-leading brokerages in over 70 countries and has access to award-winning professional development programs and events, innovative technology and marketing resources, industry-leading referral network and connections to people and opportunities worldwide.

To learn more about Leading Real Estate Companies of the World®, visit LeadingRE.com. For more information on Coastal Realty of the Florida Keys, read our company bio.