Tag: coronavirus

How Coronavirus Will Influence The Housing Market

Since it is a seller’s market, they’ve lots of management over how a deal may be put collectively. Known for its historic red brick river walk, gondola canal rides, and artsy tradition, Fort Lauderdale has seen an uptick in crime recently, which can account partly for a zero.2 p.c drop in home costs. Today, the median home worth continues to be a hefty $499,900, however as many as 7 percent of home owners are underwater of their mortgages, and one out of every 1,507 homes winds up in foreclosure. Situated on an island in South Florida, Miami Beach is treasured for its vast beaches, but even those aren’t sufficient to maintain home values afloat. While the median worth of a home in Miami Beach is way greater than it is in plenty of different communities across the nation, at $499,000 it’s totally 5 percent lower than it was a couple of years ago. Approximately 14.5 percent of Miami Beach householders are underwater of their mortgages, and one out of every 2,374 properties results in foreclosures.

home values

In the second quarter of 2021 homeownership price was highest within the Midwest (70.7 percent), adopted by the South (67.1 percent), Northeast (61.eight percent), and …