Yes, supposedly new construction is lower than existing, for the first time since records kept. And those numbers often ignore a lot of the incentives the builders bake in which there supposed to disclose in MLS but don't - like mortgage buy downs.
13 Real estate charts.............true or ?
- Thread starter Pablo
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$/sqft would be interesting. I winder if Lennar is building smaller.
Huge demand for housing, Covid shuts down construction and factories.
During/post covid price of lumber skyrocketed to heights never seen before?
Though its still has a way to go if it ever does go back to pre pandemic though its not that far off.
Good news shows we are now pre-pandemic home pricing and with the government no longer forcing low interest rates I would expect home prices to be lower. But the payment is still the same
Source - https://economistwritingeveryday.com/2024/11/15/post-pandemic-lumber-market/
If anyone knows anything about Sarasota I have a family member looking at homes there. Nice community, small home as they also have a home overseas. Anyway nice community, HOA just shy of $7,200 a year, real estate taxes of $5,500. Home built in 2022
Anyway, I am guessing homeowners insurance might come in around $8,000 a year? $440,000 home
Fema shows it in a flood zone. SO I wonder how much additional that will be, both contents and structure?
There are other homes not exactly in a flood zone but looking at the map of Sarasota you are pretty much surrounded by flood zones. 20 feet above sea level.
Im guessing between homeowners insurance 8k, HOA 7k, and property taxes 6k the only unknown is flood insurance, structure and contents would be another 4 or 5K ?
Anyway, I am guessing homeowners insurance might come in around $8,000 a year? $440,000 home
Fema shows it in a flood zone. SO I wonder how much additional that will be, both contents and structure?
There are other homes not exactly in a flood zone but looking at the map of Sarasota you are pretty much surrounded by flood zones. 20 feet above sea level.
Im guessing between homeowners insurance 8k, HOA 7k, and property taxes 6k the only unknown is flood insurance, structure and contents would be another 4 or 5K ?
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Yeah, by itself that graph is meaningless. Square feet, location, etc. No way to tell if it's an apples to oranges comparison.
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