🏡 2024 Housing Market Predictions - Winners and Losers Revealed! 📈📉
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- Опубліковано 3 лип 2024
- Hey everyone, it's Melanie Atkinson, REALTOR® at Smith and Associates in sunny Tampa, Florida. In today's video, we're diving deep into the 2024 housing market to identify who the winners and losers will be in this complex real estate landscape.
🔍 Key Takeaways:
Winners & Losers Overview: In this dynamic housing market, there will be clear winners and losers. I'm not here to predict a dramatic crash in 2024, but rather to provide insights based on the data and experience I've gathered working with buyers and sellers daily in the Tampa area.
Winners:
Winner #1: Sellers Pre-Covid: Sellers who bought before the pandemic are still winning big, with median home prices in Florida and Tampa skyrocketing. Even if prices dip in 2024, the accumulated equity will likely cushion the impact.
Winner #2: Buyers of New Construction: Surprisingly, buyers of new construction homes in 2024 are poised to win. Builders, facing increased supply, are offering substantial incentives, creating opportunities for savvy buyers to secure better deals.
Winner #3: Renters: Renters might be winners due to stabilized rent prices and increased incentives as apartment complexes compete for tenants. Despite rent affordability challenges, the trend suggests a more balanced market.
Losers:
Loser #1: Recent Sellers, Especially in High Construction Areas: Sellers who recently purchased, especially in high construction areas, may face challenges. Builder competition and market shifts could impact their ability to sell at a profit.
Loser #2: Sellers of "Ugly" Houses: Houses with obvious buyer objections, like undesirable lots or deferred maintenance, may lose value as buyers have more choices and negotiating power.
Loser #3: Investors: Investors, particularly those in Florida, may face challenges with stabilized rent prices, increasing property taxes, and rising homeowner's insurance costs. Borrowing money at higher interest rates adds to their financial strain.
Mixed Bag: First Time Homebuyers: First-time homebuyers face a complex scenario. While 2023 was tough, 2024 brings both challenges and opportunities. Increased supply and less demand provide advantages, but it's crucial to be flexible and seek professional guidance.
📊 Expert Advice for 2024: Whether you're buying, selling, or investing, understanding local market nuances is key. If you find yourself in a challenging position, reach out-I'm here to help guide you through the intricacies of the 2024 housing market.
🏆 Become a Winner in 2024 - Subscribe for More Real Estate Insights! 🏡✨
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Melanie Atkinson is a Tampa Bay Area REALTOR® with COMPASS (at time of filming with Smith & Associates). She is a full-time, residential REALTOR® with over 17 years of experience. Whether you are new to the Tampa Area or a long-time resident, Melanie is here to help you navigate the buying & selling process. This channel was started because Melanie loves to show newcomers to the Tampa Area, or those pondering a move, why it is such a special place to call home ❤️🏡
You can register at my website! www.melanielovestampabay.com/...
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📞 813.616.2427
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DISCLAIMER: All content provided on melanielovestampabay.com and the Melanie Loves Tampa Bay UA-cam 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.
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Excellent Information!!!
A very good video. With the annual increases in property taxes and homeowner insurance is a huge disincentive to buy in Florida. How can anyone keep up with the those annual increases? DeSantis has to work on capping rates.
can you give tips on buying land and vacant parcels ? thanks.
Thanks, Melanie….another great video with excellent information. Although I’m not sure I would do it again, I’m thinking that all we went through in early 2020 when you helped us find our home in Dunedin was perfect timing!
You guys had PERFECT timing ♥️ The buying process was hilarious at times though! I still remember all the gloves we had to wear!
Wow! Excellent analysis! Thank you!!
Very informational! Thanks for sharing your thoughts for 2024.
We need more videos like this, to combat all the crash bros who have flooded UA-cam.
Thank you!
Love your videos 💗💗
Thank you so much ❤️
Great data driven info as well as practical knowledge from the street. Wish our federal government made decisions based on this format!
Should I sell a home in Dunedin and buy a bigger property in Brooksville after retirement? Would Brooksville be less desirable should I have reason to sell in several years?
Hi! Great question! A lot of factors to consider, but…Dunedin is a popular area with limited land…Brooksville is beautiful, but has a lot more available land. Staying in Dunedin is a safe bet from an investment perspective. Brooksville is riskier…it may pay off big time but you’ll need time for the land value to increase. To me, it’s a lifestyle issue. If you want a more rural lifestyle that Dunedin doesn’t have, Brooksville is a wonderful area.
Recently found your channel, thank you for the informative videos. Now that were past first quarter of 2024 how do gou feel about your predictions i would say your predictions about interest rate seem right on the nose interst rates have not come down like so many people in expected and the rate cuts that people were predicting seem more more like they arent happening