Houses in St. Johns County are on the market for 16 days on average before getting snatched up, according to data from the Northeast Florida Association of Realtors. Have you been struggling in a housing search in St. Johns County?
According to David Elian, a Realtor and broker associate with Coldwell Banker Vanguard Realty, most remote workers are moving from California, New York, Minnesota, Oregon and Washington.
Elian said the rush of remote workers is a big reason why the market is so hot. Houses in St. Johns County are on the market for 16 days on average before getting snatched up, according to data from the Northeast Florida Association of Realtors.“A lot of them are coming with cash and it’s very tough for the local buyer usually that doesn’t have $400,000 or $500,000 cash,” he said.“People’s taxes go up. Their insurance goes up. Really everything is going up,” Elian said.
The United States could see a recession next year, according to predictions from some banks and economists. Joe Krier, Partner at IIWII Trading, LLC is here to discuss the situation and what it may mean for you and your pocketbook.“We know that probably a recession is coming so much in our society it’s cyclical,” Elian said. “We don’t feel like it’ll be anything like ‘07, ‘08 or ‘09 when we had a crash.
If a recession happens, Elian said he predicts the market will likely level out and then pick back up once the recession passes.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fast-growing St. Johns County trying to keep up with influx of new residentsSt. Johns County is once again one of the fastest-growing counties in America. It was the 11th fastest-growing during the pandemic according to new census data.
Read more »
St. Pete's Dalí Museum immerses visitors in Surrealist master's worldThe Dalí Museum in St. Petersburg, Florida is a stunning Surrealist-inspired complex that complements the art of Salvador Dalí.
Read more »
St. Pete's Dalí Museum immerses visitors in Surrealist master's worldThe Dalí Museum in St. Petersburg, Florida is a stunning Surrealist-inspired complex that complements the art of Salvador Dalí.
Read more »
How Salty-Velvety Provel Cheese Became a St. Louis IconProvel is everywhere in the Gateway to the West. But what exactly is it?
Read more »