{"id":257,"date":"2021-01-06T12:30:49","date_gmt":"2021-01-06T17:30:49","guid":{"rendered":"https:\/\/artesiantitle.com\/blog\/?p=257"},"modified":"2020-12-09T14:02:41","modified_gmt":"2020-12-09T19:02:41","slug":"5-signs-that-your-florida-real-estate-market-is-slowing","status":"publish","type":"post","link":"https:\/\/artesiantitle.com\/blog\/5-signs-that-your-florida-real-estate-market-is-slowing\/","title":{"rendered":"5 Signs That Your Florida Real Estate Market is Slowing"},"content":{"rendered":"

While it is impossible to know exactly what will happen in the<\/span><\/span>\u00a0housing market\u00a0<\/span><\/span>and when, there are signs to which anyone interested should pay attention. It is also important to remember that not all markets move in the same direction at the same time, so knowing as much as possible about your\u00a0<\/span><\/span>local market<\/span><\/span>\u00a0is key. Supply and demand is dependent on each individual market.\u00a0<\/span><\/span>Orlando<\/span><\/span>, for example, might have a strong market while <\/span><\/span>Tampa<\/span><\/span>\u00a0and\u00a0<\/span><\/span>Daytona<\/span><\/span>\u00a0might be at a completely different level. Below are the five most significant signs to look for as indications of a slowing market.\u00a0<\/span><\/span>\u00a0<\/span><\/p>\n

1. A Rise in Inventory<\/span><\/b>\u00a0<\/span><\/h3>\n

An increase of houses on the market is a warning sign for a slowing\u00a0<\/span>real estate market.<\/span>\u00a0This is usually because the homes on the market are not selling quickly, so as new homes are added, the total number of houses on the market skyrockets. This ties into the next important sign of a slowing market.<\/span>\u00a0<\/span><\/p>\n

2. A Buyer Shortage<\/span><\/b>\u00a0<\/span><\/h3>\n

While there could be a variety of reasons for the decrease in\u00a0<\/span>buyers<\/span>, the fact remains there are fewer buyers buying houses, and that is a major indication of a failing market.\u00a0<\/span>\u00a0<\/span>\u00a0<\/span><\/p>\n

3. Price Drops<\/span><\/b>\u00a0<\/span><\/h3>\n

Because a slowing market means fewer buyers,\u00a0<\/span>sellers<\/span>\u00a0must compensate by lowering prices to entice the buyers that are out there. Because the housing market cannot be outsourced, it will closely parallel the overarching economic status of the nation.<\/span>\u00a0<\/span><\/p>\n

4. Economic Shifts<\/span><\/b>\u00a0<\/span><\/h3>\n

It is important to make note of the state of the union to get a sense of the big picture climate, because the overarching economic state generally trickles down to smaller markets. When a country\u2019s economic status is positive, people are more willing to spend or invest money, and home sales increase. The strength of currency and the stock market are good gauges for the health of the housing market. Even changes in the political situation of the country can have an impact on the housing market because new policies or taxes might be instituted. On a smaller scale,\u00a0<\/span>Florida<\/span>\u2019s economy will likely mimic the strengthening or slowing of its housing market, so pay attention to the status of the state\u2019s economic situation.\u00a0<\/span>\u00a0<\/span><\/p>\n

\u00a05. A Decrease in Permits\u00a0<\/strong><\/h3>\n

When analyzing the growth or slowing of a housing market, be sure to observe the sales of pre-existing homes as well as the creation of new houses. As a\u00a0<\/span>Realtor,<\/span>\u00a0you should keep a running record so that you can detect changes in those numbers. In Florida, the market slow might be delayed compared to other areas of the country, due to permits being pushed back after the hurricanes of recent years. However, many of the previously mentioned signs are becoming increasingly apparent.\u00a0<\/span>\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

While it is impossible to know exactly what will happen in the\u00a0housing market\u00a0and when, there are signs to which anyone interested should pay attention. It is also important to remember that not all markets move in the same direction at the same time, so knowing as much as possible about your\u00a0local market\u00a0is key. Supply and\u2026 Read 5 Signs That Your Florida Real Estate Market is Slowing→<\/span><\/a><\/p>\n","protected":false},"author":9,"featured_media":258,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","footnotes":""},"categories":[270,385],"tags":[172,471,131,173],"yst_prominent_words":[162,164,373,311,245],"class_list":["post-257","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-florida-real-estate","category-local-market-knowledge","tag-buyers","tag-housing-market","tag-real-estate","tag-sellers"],"_links":{"self":[{"href":"https:\/\/artesiantitle.com\/blog\/wp-json\/wp\/v2\/posts\/257","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/artesiantitle.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/artesiantitle.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/artesiantitle.com\/blog\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/artesiantitle.com\/blog\/wp-json\/wp\/v2\/comments?post=257"}],"version-history":[{"count":0,"href":"https:\/\/artesiantitle.com\/blog\/wp-json\/wp\/v2\/posts\/257\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/artesiantitle.com\/blog\/wp-json\/wp\/v2\/media\/258"}],"wp:attachment":[{"href":"https:\/\/artesiantitle.com\/blog\/wp-json\/wp\/v2\/media?parent=257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/artesiantitle.com\/blog\/wp-json\/wp\/v2\/categories?post=257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/artesiantitle.com\/blog\/wp-json\/wp\/v2\/tags?post=257"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/artesiantitle.com\/blog\/wp-json\/wp\/v2\/yst_prominent_words?post=257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}