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Housing and Market Report February 2023
Summary: Prices and other key metrics at 5-year averages. Homes are staying on the market longer. Multiple offers on beach condos and homes that are fully updated. New construction along the beaches creating areas of opportunity. Are we back to normal? We are most likely going to be seeing a high and medium range now for the next several months and even years. Most likely testing highs and then slowly coming back down. Out on the street, activity has really picked up since the new year began. I am even seeing multiple offers on updated properties that are move in ready. Buyers are still being patient however as homes are staying on the market longer each month. ... Read More
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Four Reasons Today’s Market Is Different from the 2008 Housing Crisis
Today’s housing market is very different from the 2008 housing crisis. At the NAR Real Estate Forecast Summit, NAR Chief Economist Lawrence Yun highlighted the four key reasons why home prices are expected to remain steady in 2023.
Job Market
During the last recession, 8 million jobs were lost in just one year. However, in the current labor... Read More
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Lower Mortgage Rates Could Help Declining Home Sales
 For the 10th consecutive month, existing-home sales have declined, according to the National Association of Realtors (NAR). In November, every sales region in the country reported both month-over-month and year-over-year declines. This level of sales activity was last seen in the country in 2020, when COVID-19 led to economic lockdowns. According to Lawrence Yun, chief economist for NAR, November’s sales declines... Read More
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Small Changes Can Add Up to Big Energy Savings
 Energy prices are up, and they show no sign of moving downward any time soon. It’s a smart idea to reduce your electricity usage in any way you can to lessen the impact of higher prices. These tips might not make a huge difference individually, but combined, they could shave a welcome amount off your bills.
Lower Lighting Bills
Leaving lights on in empty rooms is a total waste of power. Installing motion detectors is a smart way to keep areas well lit when people are present and save electricity when lighting is not necessary. Installing dimmer switches... Read More
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Smart Ideas for How to Store Your Extra Bathroom Items
Along with its daily use, the bathroom comes with a lot of stuff—towels, hair products, and more. Most bathrooms aren’t equipped with efficient storage, so utilizing available space is key. Try these ideas:
Do-It-Yourself Storage Solutions
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Install a wall cabinet. This can be placed over the toilet in a small space or on any convenient wall that puts bathroom items within easy reach.
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Crate shelving serves up chic and effective storage, especially when it’s hung on the wall... Read More
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