Josh Parish

Still in your corner — different arena. I spent five years in the Destin–30A market helping people move serious money in and out of some of the best properties on the coast. That work taught me a lot about the men running this market.

2024 Recap Emerald Coast Market Reports - https://mailchi.mp/joshparish.co/emeraldcoastareamktreports-17316850

Even though there are more homes available for sale than there were at this time last year, there are still more buyers than there are houses to choose from. So, know that if you’ve got moving on your mind, your house can really stand out.

What’s Causing the Shortage?

1. Underproduction of Homes

2. Rising Costs

3. Regional Imbalances

How Big Is the Problem?

According to estimates from Real Estate News, the U.S. is facing a housing shortfall of roughly 3.3 million homes, based on an average of several expert insights.

This shows there’s a significant number of homes that need to be built just to meet current demand from buyers. But what about future demand?

According to John Burns Research and Consulting (JBREC), over the next 10 years, the U.S. will need about 18 million new homes to meet projected demand, including homes for new households, second homes, and replacements for aging or unusable homes.

So, even...

Why Your House Will Shine in Today’s Market Even though there are more homes available for sale than there were at this time last year, there are still more buyers than there are houses to choose from. 

With everything feeling more expensive these days, it’s natural to worry about how rising costs might impact the housing market. Many people are concerned that high prices and tighter budgets could cause more homeowners to fall behind on their mortgage payments, leading to a wave of foreclosures.

But before you start worrying about a housing market crash, here’s a look at what’s really happening. And the good news is: the latest foreclosure data shows there’s no wave on the horizon.

How Today’s Market Is Different from 2008

Let’s ease those fears by looking at the bigger picture. There’s a big difference between what’s happening now, and what happened when the housing market crashed.
As an article from Bankrate explains: “In the years after the housing crash, millions of foreclosures flooded the housing market, depressing prices. That’s not the case now. Most homeowners have a comfortable equity cushion in their homes.”...

Why Today’s Foreclosure Numbers Won’t Trigger a Crash With everything feeling more expensive these days, it’s natural to worry about how rising costs might impact the housing market.

As you’re getting ready to sell your house, one of the first questions you’re probably asking is, “how long is this going to take?” And that makes sense—you want to know what to expect.

More Homes Are on the Market, and That’s Affecting How Long They Take To Sell

According to Realtor.com, the number of homes for sale has been going up this year. That means there are more options for buyers, which is great news for anyone looking to buy a home. But as a seller, it also means homes are staying on the market a bit longer now that buyers have more options to choose from.

But keep this in mind. While homes might not be selling as quickly as they did last year at this time, they’re still selling faster than they did in more normal years in the housing market, before the pandemic.

As NerdWallet explains: “Overall, though, demand still outpaces supply. This is hardly a mellow market: Good homes sell quickly . . .”

Your...

How Long Will It Take To Sell Your House? As you’re getting ready to sell your house, one of the first questions you’re probably asking is, “how long is this going to take?” 

Wondering how the Emerald Coast Real Estate Markets are faring this year?

Click the link below get the latest market reports for each area!

RE: Emerald Coast Area Market Reports - https://mailchi.mp/joshparish.co/emeraldcoastareamktreports