PD Home Services

05/15/2025

WHAT'S HAPPENING IN THE FLORIDA MARKET

1) National Trend: Home inventory has increased across the U.S. due to cooling buyer demand, resulting in rising vacancy rates.

2) Dayton, Ohio:

Stands out as a geographic outlier outside of Florida.

Has both high homeownership and high vacancy rates.

Many empty homes are less desirable to buyers, causing a mismatch.

Home prices rose significantly from $158,000 in 2019 to $236,000 in 2024, possibly deterring buyers.

3) Florida Cities Dominating Vacancy Increases:

Tampa, Clearwater, St. Petersburg: 2.9% vacancy by late 2024, up 1.8% from 2019.

Orlando: 3.3% vacancy, up 1.4%.

Cape Coral/Fort Myers: 1.7% vacancy, up 1.2%.

Miami: 2.6% vacancy, up 0.9%.

4) Contributing Factors in Florida:

High housing costs, rising insurance premiums, and shifting preferences reduced demand.

Inventory levels in Florida hit a peak in March 2025, with 177,000 homes for sale, a 15.7% increase from five years earlier.

Conclusion: While Florida cities are seeing rising vacancy rates due to oversupply and affordability issues, Dayton's challenges stem from an unattractive housing stock despite affordability.

05/13/2025

Mastering the Master Bathroom.

Would you live here?

05/08/2025

KB Home, a major U.S. homebuilder, has significantly reduced home prices in Florida—by over $30,000 in some cases—due to weakening demand in the state’s housing market. COO Rob McGibney identified Florida as the company’s worst-performing region in early 2025, prompting the deepest price cuts there. Across all markets, typical reductions ranged from $5,000 to $30,000. The company now expects its average home price for 2025 to fall between $480,000 and $495,000, down from $500,700 in Q1. CEO Jeffrey Mezger said demand was “muted” early in the year, but pricing adjustments helped boost buyer interest.

05/06/2025

Reeking vengance on the Florida Room of our 1st Flip.

Gotta Get Hands on!!!!

05/01/2025

Spring Housing Market Heats Up, But Challenges Remain

- Best Week to Sell: April 13–19 is considered the best time to sell due to strong buyer demand, higher prices, and less competition. Some cities like Memphis and Indianapolis may peak in early May.

- Seller Sentiment: 70% of sellers believe it’s a good time to sell, and 81% expect to get asking price or more. However, 55% feel "locked in" by low mortgage rates.

- Market Trends: Listings and inventory are rising, but homes are spending more time on the market. It’s the 75th straight week of year-over-year listing growth.

- Rising Mortgage Rates: The 30-year fixed rate jumped to 6.83%, driven by tariff-related market volatility and inflation fears.

- Tariff Impact: New tariffs on lumber, steel, and aluminum could slow construction, raise costs, and worsen housing affordability. Rent declines may reverse if new units don't come online.

04/29/2025

Our 1st Flip - The Florida room

How did we do?

04/24/2025

Our 1st Flip

What would you have done differently?

04/22/2025

We are here to help you through the difficulties of a FORECLOSURE or a PROBATE PROPERTY or going through a DIVORCE, or want a quick CASH OFFER- no realtors, no fees, no closing cost.

Leave and only take what you want!

04/19/2025

An amazing Find.
Currently taking offers

(Stellar MLS as Distributed by MLS Grid) For Sale: 3 beds, 2 baths ∙ 2338 sq. ft. ∙ 8851 Hillsdale Dr, ORLANDO, FL 32818 ∙ $430,000 ∙ MLS # O6280583 ∙ One or more photo(s) has been virtually staged. DOWN PAYMENT ASSISTANCE ?? This home qua...