#homebuying-trends

#homebuying-trends

The expiration of the National Flood Insurance Program during the recent federal government shutdown has put coverage for millions of homes at risk, affecting home closings and buyers in flood-prone areas. An analysis in Miami and Tampa shows that homes with lower flood risk have seen faster price appreciation over the past decade, highlighting changing buyer preferences. Market trends indicate a shift toward prioritizing flood risk data in home-buying decisions, with younger buyers leading the change.

"Cotality's research found that 43% of homebuyers value speed in finding a home, while 41% emphasize the timing of securing a mortgage, indicating distinct buyer preferences."

Dogs and cats remain the most common household pets. These shifts are changing how people choose their homes.

In the latest analysis, California home sales fell drastically since the Federal Reserve initiated its inflation-fighting measures, showing a significant decline in market activity.