Ryan Farrow’s Post

Manatee County Real Estate Market Update - November 2024 Exciting news, Manatee County homeowners and buyers! The latest numbers for November are in, and they tell a fascinating story about our local market: - Median Home Prices – Decreased by 3.6% from last month - Inventory Levels – Is was a Neutral market - Average Days on Market – Showed a downward trend, an increase of 28.1% compared to previous year See the complete report below. Whether you're curious about your home's value or planning your next move, I've got the full breakdown to help you make the most of these trends! Want to know how YOUR area stacks up? Each neighborhood in Manatee County has its own unique story to tell, and I’d love to share insights specific to where you live. Message me today for a personalized real estate update tailored to your area! Let’s uncover the opportunities in this dynamic market together. #ManateeCountyRealEstate #MarketUpdate #HomeValue #RealEstateExpert #yourneighborhoodrealtor https://lnkd.in/eAuZZvJd

What's in store for period property sales in 2025? Respondents to a survey by the Royal Institution of Chartered Surveyors (RICS) believe that things are looking up with home sales due to increase: https://bit.ly/4fy1onv #luxuryestateagents #edinburghproperty #edinburghestateagent #propertyforsale #periodproperty #periodpropertyedinburgh

What's in store for period property sales in 2025? Respondents to a survey by the Royal Institution of Chartered Surveyors (RICS) believe that things are looking up with home sales due to increase: https://bit.ly/4fy1onv #luxuryestateagents #edinburghproperty #edinburghestateagent #propertyforsale #periodproperty #periodpropertyedinburgh

The longstanding standard 6% commission rate for realtors is no longer a given. Market forces will dictate the real estate brokerage game after the National Association of REALTORS®’ industry-shaking settlement. Marty Green discusses the settlement’s implications and the market’s future outlook.      #realestate #mortgagelending  

Hidden Challenges of FSBO: What Home Sellers Often Overlook sheds light on the less obvious difficulties sellers may encounter in For Sale By Owner transactions, ensuring they are prepared for the full scope of responsibilities. Read More: https://lnkd.in/gJtvE3P4

The prime residential market in Scotland had a strong start in 2024, thanks to more stable mortgage rates and a slowdown in inflation. According to TwentyCi, the number of second-hand sales above £500,000 increased by 16% in the first quarter of 2024 compared to the same period in 2023. Sales above £1 million saw an even higher increase of 24%. On the other hand, the market below £500,000, which relies more on mortgage lending, saw a 9% rise, reflecting the improved borrowing rates since 2023. Interestingly, the prime market in the UK outperformed Scotland, with a 19% increase in second-hand sales above £500,000 in Q1 2024 compared to Q1 2023, driven by London and its surroundings. Despite this, Scotland saw a record number of prime sales above £500,000 in Q1 2024, surpassing the levels of the previous two years. Despite minimal changes in values, the market continues to thrive. Find out more:

The prime residential market in Scotland had a strong start in 2024, thanks to more stable mortgage rates and a slowdown in inflation. According to TwentyCi, there was a 16% increase in second-hand sales over £500,000 in the first quarter of 2024 compared to the same period in 2023. The market above £1 million saw an even bigger increase of 24%. On the other hand, the market below £500,000, which relies more on mortgage lending, saw a 9% increase, reflecting the better borrowing rates since last summer. Interestingly, the prime market in the UK outperformed Scotland, with a 19% rise in sales above £500,000 in Q1 2024, led by London and its surrounding areas. Despite this, Scotland still saw a record number of sales above £500,000 in the first quarter of 2024, surpassing the levels of the previous two years. This is impressive considering there hasn't been much change in property values during this time. Find out more:

The ESPC House Price Report for July is out soon. In June, listings were down7% year on year, possibly due to homeowners postponing the decision to sell their homes in favour of that summer holiday. No seasonality when it came to sales though. We saw a strong increase in volumes, up an impressive 11% year-on-year. How July played out will be revealed soon. #Espc #Property #Housepricereport

First home buyers in Queensland can now legally sublet rooms. The Crisafulli government announced effective immediately first home buyers can still use stamp duty concessions and grants and sublet rooms out in their property straight away. This is big for invididuals looking to get in the market for the first time. Using LMI exemptions often means you have a 95 percent LVR on the property and with interest rates at 6.5 percent, holding costs are high. Taking in an income from subletting rooms significantly assists with holding costs. On the flip side, there is always the argument that changes like this only stimulates the property market with more buyers entering the market now with holding costs dramatically reduced. #propertyinvesting #brisbanebuyersagent

Are real estate commissions shifting after the NAR settlement? We recently asked real estate agents across the country about commission trends, and here’s what they shared: 🔴 32% of agents report that seller-offered commissions are typically lower than they were a year ago. 😐 66% say commissions are about the same as last year. 🟢 Just 3% noted that commissions are higher. This is national data, but there are definitely some interesting differences by region (check out the chart below). #JBREC #NAR #realestate