What’s New in South Florida and the Treasure Coast Markets
Luxury Homes and Lifestyles – December 2024
Highlights:
- CHECK THE BLOG FOR MORE ARTICLES and Previous What’s New posts for prior articles
- NEW 2025 Conforming Loan Limit Increased to $806,200 in 2025 from $766,200 in 2024 – an increase of $39,950 or 5.2%
- 2022 New Conforming Loan Limits Increase to $647,200 for South Florida counties, FHA and VA limits are – $460,000 for Palm Beach County and $381,600 for St Lucie and Martin Counties. View the article for complete details.
- Why Home Sales Bounce Back After Presidential Elections
- The Home Buying Process
- What House Can I Afford plus new real estate calculators added in the Mortgage Finance Center
- South Florida Area Market Reports for November 2024 / December Available by Jan 6th, 2025
- Here are some charts from John Hopkins University on Tracking Florida COVID -19 Cases and Deaths by Overall Totals and By Daily Totals – UPDATED DAILY
MERRY CHRISTMAS AND HAPPY HOLIDAYS 2024
I’m working on a 2024 Holiday Post –
View the Happy Holidays 2023 post here
Why Home Sales Bounce Back After Presidential Elections
Election Years Bring a Temporary Slowdown In any given year, home sales slow down slightly in the fall. It’s a typical, seasonal trend. However, according to data from BTIG, in election years there’s usually a slightly larger dip in home sales in the month leading up to Election Day.
Home Sales Bounce Back After the Election The good news is these delayed sales aren’t lost forever—they’re just postponed. History shows sales tend to rebound after the election is over. In fact, home sales have actually increased 82% of the time in the year after the election See additional info and charts.
The Home Buying Process
This page is being updated and expanded with more local information and tips on property taxes, insurance and mortgage information. Each State has different calculations for property taxes. See How Real Estate Property Taxes are Calculated in Florida.
How Much House Can You Afford?
Also visit the Mortgage Finance Center; main page for Mortgage programs, Affordability Worksheets and Calculators.
Market Trends Updates for November 30, 2024 / December Available January 6, 2025
View the updated Market Trends and Reports for various cities in Palm Beach County, St Lucie and Martin Counties. These reports automatically update around the 5th of the month so check back and keep up to date!
Tracking The COVID-19 Curve in Florida by Totals and Also Daily Totals
Here are some charts from John Hopkins University on Tracking the COVID -19 Cases and Deaths by Overall Totals and By Daily Totals. The Charts update daily about 9:00 PM
