I hope you had a productive week. I am still on my Spring cleaning kick, rummaging in neglected drawers and closets. Sometimes it is just time to throw out of pass along items that are not being used (and not likely to be used). I am passing some of the children's books to young couples I know with children. Clothing can go the local shelters. Some of the 15 or 20 year old electronics are going in the bin. It is rather energizing.
I have attached an interesting article at the end of this email on current Buyer trends and attitudes in Real Estate. It has some interesting statistics. Oh, I almost forgot the biggest news, blueberry picking has started!!! Vacuna Farms is open for blueberries, blackberries and green beans. Yes, I have made my first time out. They post their days and times on their facebook page. They are open today until 3.
Fun Things Going On:
Kids Night Out
Tuesday Karaoke Night
IllumiNights Summer Spectacle
Rodeo in Hilliard, FL
𝐇𝐈𝐋𝐋𝐈𝐀𝐑𝐃, 𝐅𝐋𝐎𝐑𝐈𝐃𝐀
𝓜𝓪𝔂 19𝓽𝓱 & 20𝓽𝓱 @ 7𝐏𝐌
FRIDAY & SATURDAY NIGHTS
Circle L Arena
𝘊𝘖𝘕𝘊𝘌𝘚𝘚𝘐𝘖𝘕
Vendors
Covered arena
Malekai the entertainer
Kids calf scramble
𝘍𝘜𝘕 𝘍𝘖𝘙 𝘛𝘏𝘌 𝘞𝘏𝘖𝘓𝘌 𝘍𝘈𝘔𝘐𝘓𝘠
Senior bull riding
Junior bull riding
Calf riding
Steer riding
Bronc riding
Chute dogging
Team roping
Tie down roping
Breakaway roping
Senior barrel racing
Junior barrel racing
Pewee barrel racing
Ages 6-12 $5
Ages 13 & up $10
CASH ONLY
458244 N. Old Dixie Highway
Hilliard, Florida 32046
•𝓕𝓲𝓻𝓼𝓽 𝓒𝓸𝓪𝓼𝓽 𝓐𝓼𝓹𝓱𝓪𝓵𝓽 𝓢𝓸𝓵𝓾𝓽𝓲𝓸𝓷𝓼
•𝓕𝓲𝓻𝓼𝓽 𝓒𝓸𝓪𝓼𝓽 𝓔𝓶𝓫𝓻𝓸𝓲𝓭𝓮𝓻𝔂
•𝓓𝓪𝓷 𝓥𝓪𝓭𝓮𝓷 𝓒𝓱𝓮𝓿𝓮𝓻𝓵𝓮𝓽 𝓑𝓻𝓾𝓷𝓼𝔀𝓲𝓬𝓴
•𝓑𝓵𝓮𝓼𝓼𝓮𝓭 & 𝓑𝓻𝓪𝓷𝓭𝓮𝓭 𝓑𝓸𝓾𝓽𝓲𝓺𝓾𝓮
•𝓕𝓸𝓾𝓻𝓪𝓴𝓮𝓻 𝓜𝓮𝓬𝓱𝓪𝓷𝓲𝓬𝓪𝓵 𝓗𝓮𝓪𝓽𝓲𝓷𝓰 & 𝓐𝓬
𝐖𝐨𝐫𝐥𝐝 𝐖𝐢𝐝𝐞 𝐑𝐨𝐝𝐞𝐨 𝐀𝐬𝐬𝐨𝐜𝐢𝐚𝐭𝐢𝐨𝐧
𝓕𝓵𝔂𝓲𝓷𝓰 𝓖 𝓡𝓸𝓭𝓮𝓸 𝓒𝓸.
May 2023 Fan Appreciation Weekend with Vic Mignogna and Vanessa Branch!
https://neutralzonestudios.com/fan-appreciation-weekends/
Trivia Night
May 17
Book Babies
May 18
Spring Axe & Knife Throwing League
St. Mary’s Hello Summer Festival & Parade
It’s a Tough Market for Buyers – Many Don’t Care
Survey: Most would-be buyers (55%) know it’s a really tough market right now, but a majority (54%) still plan to maintain current goals or speed up the buying process.
CHARLOTTE, N.C. – Many hopeful homebuyers – especially those in their 40s and younger – are forging ahead with plans to buy homes despite believing the market favors sellers, according to Bank of America’s 2023 Homebuyer Insights Report.
More than half of prospective homebuyers surveyed (55%) believe the market is more competitive than last year – but just as many (54%) plan to either speed up their home purchases or buy when they originally planned.
The percentage is even greater for younger generations: 62% of Gen Z and 55% of millennials.
However, not all want-to-be buyers plan to stay in the market, at least not now. Two in five (39%) believe it’s a seller’s market, while 18% say it’s a buyer’s market and 31% say it’s neither.
Current challenges cited by buyers
- High prices and interest rates (51%)
- A lack of cash reserves for down payments (37%)
- A low credit score (37%)
Still, nearly 40% of those prospective homebuyers said they feel more confident in their ability to buy a home today versus last year, compared to 26% who are less confident and 28% who feel about the same.
“The market is less frenzied as rates have moderated, and that may be impacting perception,” says Matt Vernon, head of retail lending at Bank of America. “And low inventory is still creating a highly competitive environment. Homebuyers are doing the right thing by taking time to understand the market, weigh their priorities and determine what fits into their budgets.”
The motivation for many buyers? Financial security. Homeownership has historically helped families build long term-wealth.
A majority (56%) of Gen Z and the same percentage of millennial homebuyers plan to purchase in the next two years – nearly on par with Gen X (58%).
Nearly half (47%) of all prospective buyers say they’d buy a home in the current housing market because they’re tired of renting and of rent increases; 28% want to start building equity.
Inactive homebuyers still curious
Even hopeful buyers waiting for the housing market to cool are forging ahead in their own way, according to the study: More than two-thirds (67%) still actively look at homes for sale, either scrolling through a real estate app (52%) and/or visiting open houses (31%).
Those scanning for homes find it to be an enjoyable pastime (41%), a way to dream about their future home (37%) and a window into how others have decorated their spaces (32%).
Beyond simply looking for inspiration, two-thirds (65%) of those who scroll through listings are interested in what their current budget would get them if they were to buy today.
© 2023 Florida Realtors®
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