Home Sellers In Venice Florida Keep Tabs On Market News
Home Sellers In Venice Florida Keep Tabs On Market News
When we are keeping tabs on Venice Florida’s real estate scene, it’s only natural to go directly to the portion of the market we are most connected to. If we are a renter or investor, our eye is drawn to trends affecting that segment. Venice home sellers (or potential home sellers) can be counted on to pretty much ignore that information, instead concentrating on the latest single family residential listings, asking prices, and news related thereto.
Yet some trends in one sector can significantly impact the others. That’s the way it is with construction—any kind of construction. Whether it comes in as new building or remodeling, when construction goes up, lots of impacts can find their way to Venice—some right away, some after a significant lag.
Last week there were reports and reactions to some recent national readings:
HUD reported that March building permits were 4.6% stronger than in last year during the same period. Permits is one of those lagging indicators—a timelier statistic comes in the form of actual housing starts. Starts are bird in the hand numbers, as opposed to permits, which are birds in the bush. U.S. single-family starts came in at more than a million (1,089,000)—a happiness-inducing number if you are a builder. That’s a full 14.2% stronger than in the previous year, though not as robust as in February.
Investors would be more apt to notice starts for buildings with five or more units. Like the single-family starts, they were down from the month before but stronger than in 2015. Usually, availability of more rentals relieves price pressure on the single-family residential market. But in today’s situation, where listings for starter and trade-up homes has been decreasing for four long years—the overall inventory shortage makes that effect less likely for Venice Florida home sellers (at least anytime soon).
In the same way that it’s simple to imagine the builders smiling at the year-over-year building starts statistics, it’s equally easy to picture the bankers as less exuberant. Let’s face it, the nature of the banking industry is to be more restrained. After all, when we put our own money in the bank, we definitely want them to be cautious. Risk-averse. Stingy, even.
The BankersOnline website (“For Bankers/From Bankers”) played into the prototype, concentrating on housing completions rather than will-o’-the-wisps like permits or starts. And although the numbers there were even stronger (a whopping 31.6% gain over the previous year), a word of caution about over-reading the meaning of that leap is in order. A year ago March, residential completions had been unusually dismal.
All in all, even The Associated Press—who for some reason framed the same numbers into a gloomier cast than seemed reasonable—couldn’t help reporting what the National Association of Home Builders sentiment index showed: “an overall optimistic outlook for new homes as the industry heads into the all-important spring sales season.” That construction industry assessment might not seem to directly affect what Venice home sellers will encounter, but a lively market is good news for each. I hope you will give me a call if this spring’s market is one you are interested in exploring further!
Author:Tami Pocevic Phone: 941-408-0600 Dated: May 18th 2016 Views: 301 About Tami: Tami has been a licensed real estate agent for over 12 years. She currently resides in Venice and e...
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About Keller Williams Realty Gold-The VeniceTami Team
Keller Williams Realty Gold-The VeniceTami Team. Tami Pocevic has been a Real Estate agent in Venice for over 11 years, with over $17MM in production over the past 12 months. I am in the top 2% of agents in both the Englewood Board of Realtors, and the Venice Board of Realtors consistently, year after year. Our team of Administrative Assistant, Marketing and Tech Administrator and 3 Buyer’s Specialists ensure a smooth transaction for you.Tami Pocevic Broker-Associate Realtor -
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"We knew Tami from a few years back. We emailed her from New York 3 or 4 months before we moved to our winter home in Venice, Fl. Within 30 minutes she called and inquired about our intent with our Florida home. Told her we would call her when we arrived in Florida and after we made our decision to sell our home.
Once we decided to sell we called Tami and she came over within the hour and discussed her market analysis of our property. She toured our property and indicated a reasonable selling price which was much more than we had thought. Her office Manager, Michelle, came over and made a photo journal of our home and property. We reviewed and approved it. We went live with our listing 3 or 4 weeks later on a Friday afternoon. At 11:00 AM on the next morning Tami called and said she had an offer; cash client, turn-key, and above our asking price. Later that afternoon we electronically signed the offer, and the rest was history.
We cannot say enough positive things about Tami and her staff. They were up-front with every detail and their communications were super. We even were able to do the "seller closing" in her office and were not required to be present at the final closing. If any folks out there are looking for a reliable and honest real-estate broker, please consider Tami and her TEAM as your first choice, You will not be disappointed. "