Florida Housing Market Predictions for 2022
So what’s different this year?
St. Johns County is No. 1
Florida Realtors’ Data:
Single Family Homes
Mortgage interest rates will rise: Condos and Town homes
Florida Prices Steadily Rising
What about new home construction?
New Home construction prices are continuing to rise with many builders increasing the base price after they put a few homes under contract. They are doing everything they can to slow it down because they cannot keep up with the building timelines. These home prices will likely continue to increase as rising building material costs squeeze construction budgets. The prices for building materials have increased 20.4% year over year and have escalated the home prices by 31% in three years. The good news is, lumber is down but they are still seeing delays in windows and doors.