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Prime Properties News and Views Blog

Wednesday, January 1, 2025   /   by Mark Good

The 2025 Real Estate Report

Experts Predict Home Values to Increase 1.5% to 3.6% in 2025.
Top housing experts and economists give a glimpse of what mortgage rates, home values and the national real estate market will do in 2025.
Key Takeaways

Mortgages are forecasted to remain higher for longer; but there are things you can do to lower your rate.
Home values are predicted to increase incrementally on a national level; and there are projects you can do to increase your home’s value.
The national market will slightly favor sellers in negotiations; however, real estate is driven by local dynamics and may favor either buyers or sellers.

Note: real estate is a dynamic market and forecasts made in this article will change as the year unfolds.

Mortgage Rates Will Average 6.4% in 2025
In 2023, the average 30-year mortgage peaked at 7.79% following the pandemic. Rates came down from that peak in 2024. What will mortgage rates do in the next year?
The Federal Reserve is predicted to lower the federal f! ...

Sunday, December 1, 2024   /   by Mark Good

Tech the Halls: Smart Home Gadgets for a Stress-Free Holiday Season

The holidays are a time for joy, family, and celebration, but they also bring added responsibilities. Between decorating, hosting, and just keeping up with your daily routines, your home can quickly start to feel more like a neverending to-do list rather than your haven. 
That’s where smart home technology comes in. It can help you streamline holiday tasks to focus on what matters most—spending time with loved ones and enjoying the season's magic. 
And there are more upsides to upgrading your home tech: doing so can also enhance the overall value and appeal of your property. Current research indicates that 77% of today’s home buyers are interested in smart homes, which results in an up to 5% increase in a property’s resale value! In general, estimates indicate that sellers who invest in smart home technologies realize a 50% return.1
So whether you're thinking about selling in the near future or just want to enjoy your home to the fullest this season ...

Friday, November 1, 2024   /   by Mark Good

Multigenerational Home Buying: How to Find a Home That Fits Your Whole Family

For many homebuyers, multigenerational living used to be considered an option of last resort: it was a route families took only when they needed to ride out a financial storm or care for ailing family members. But that mindset is on the decline: A growing number of families now say that they are embracing multigenerational living and moving in together by choice. 
In fact, research by the National Association of Realtors (NAR) found that the share of multigenerational home buyers rose to 14% in 2022––close to an all-time high.1 
Buyers cite a multitude of reasons for choosing a multigenerational home, including saving money on living expenses, pooling resources, taking care of very young or aging relatives, and spending more time with family. "Multi-generational home buying is a way for families to care for one another, support one another, and often buy a home that may have been previously out of reach," writes Deputy Chief Economist Jessica Lautz in a blog pos ...

Monday, October 28, 2024   /   by Mark Good

Stage to Sell: 7 Proven Steps to Attract Buyers and Boost Offers

Selling your home quickly and at the right price takes more than just listing it online. To draw in potential buyers and secure top offers, your home needs to stand out. That’s where home staging comes in. By strategically preparing your home—through redecorating, repairing, and making it look its best—you can make a lasting impression and significantly increase its appeal.
The numbers speak for themselves: according to the National Association of Realtors, 81% of buyers’ agents report that staging makes it easier for potential buyers to envision themselves living in a home. Moreover, 44% of buyers’ and sellers’ agents say that staging can increase a home’s sales price, and 48% of sellers' agents agree it shortens the time a house spends on the market.1
You can choose to stage your home yourself with advice from your real estate agent or work with a professional stager. Whichever route you take, here are seven essential strategies to transf ...

Thursday, December 22, 2016   /   by Mark Good

National Shortage of homes for sale

In Northeast  Florida we are seeing what the article talks about - not enough homes on the market for the buyers.
In December 2016 I had two buyers who have not been able to find anything to buy in their price range.
This is the perfect perscription for continued increasing prices.  You just have to get on the train so to speak
otherwise you will pay more later or not purchase at all.

  jacksonville housing shortage, low inventory jacksonville real estate

Prime Properties of NE Florida, LLC
Mark Good
90 Fort Wade Rd., Suite 100
Ponte Vedra, FL 32081
904-599-5462

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