Beverly Daniel - Century 21 St. Augustine Properties, Inc

Beverly Daniel - Century 21 St. Augustine Properties, Inc Through CENTURY 21 St. Augustine Properties & North Florida Resales I help families find their new home.

The home that meets their needs and meets their budget, our team has over 60 years' experience in Real Estate and Manufactured housing.

02/25/2025

Information Re: Market Conditions:
Hi Beverly,
Sales of existing homes declined in January but are projected to increase throughout the year. Meanwhile, concerns over tariffs have led home builders to adopt a more cautious stance. Read on for further insights.

Existing Home Sales Expected to Improve This Year

Home Builder Confidence Declines Amid Tariff Concerns

Construction Activity Slows in January

Jobless Claims Data Continues to Show a Consistent Trend

Family Hack of the Week

What to Look for This Week

Technical Picture

Existing Home Sales Expected to Improve This Year

In January, existing home closings decreased 4.9% from December to a 4.08-million-unit annualized pace, slightly missing projections. However, sales have risen year-over-year for four consecutive months, and inventory saw a modest uptick.

What's the bottom line?

This was a strong January report, considering it measured home shopping from November and December when rates were elevated. Plus, January is typically a slow time for the housing market.

"Things are looking up," according to the National Association of REALTORS® Chief Economist Lawrence Yun, who expects home sales to continue rising as rates and prices stabilize.

While January inventory improved to 1.18 million units, it remains tight compared to pre-pandemic levels. Plus, only 829,000 of those were active listings; the rest were under contract and not truly available. This ongoing supply shortage, combined with pent-up buyer demand, bodes well for continued home price appreciation.


Home Builder Confidence Declines Amid Tariff Concerns

Home builder sentiment took a hit in February, with the National Association of Home Builders (NAHB) reporting a drop in their confidence index from 47 in January to 42. This figure is now well below the neutral benchmark of 50, signaling contraction.

All three components of the index – buyer traffic, current sales and future sales expectations – decreased, with future sales expectations seeing a significant 13-point drop to their lowest level since December 2023.

What's the bottom line?

NAHB Chief Economist Robert Dietz noted that the decline was driven by uncertainty over the "scale and scope of tariffs," with 32% of appliances and 30% of softwood lumber coming from international trade.

However, the survey timing appears to have impacted the results. Responses collected before the announcement of a one-month tariff pause on goods from Canada and Mexico recorded a lower Housing Market Index (HMI) of 38, while those gathered after the pause produced a higher score of 44. This suggests the decline in sentiment could have been less severe with different survey timing.


Construction Activity Slows in January

Housing Starts declined by nearly 10% from December to January, with decreases seen in both single-family and multifamily construction. However, the December housing data reflected one of the strongest levels of activity in 2024, providing important context for the January decline. Meanwhile, Building Permits, a leading indicator, rose slightly to start the year.

What's the bottom line?

NAHB Chair Carl Harris noted that "high construction costs, elevated mortgage rates, and challenging housing affordability conditions are causing builders to approach the market with caution." This also suggests home prices will remain supported, as insufficient supply is coming on the market to meet demand, presenting ongoing opportunities for wealth-building through homeownership.


Jobless Claims Data Continues to Show a Consistent Trend

Initial Jobless Claims increased by 5,000, totaling 219,000. Continuing Jobless Claims also rose by 24,000 to 1.869 million, remaining above 1.8 million for the thirty-seventh consecutive week.

What's the bottom line?

The latest data suggests that while layoffs remain low, the labor market continues to encounter difficulties in promptly reintegrating job seekers. Additionally, as many individuals are eligible for benefits for just 26 weeks, the rise in Continuing Claims upon benefit expiration points to persistent vulnerabilities in the labor market.


Family Hack of the Week

February 26 is National Pistachio Day, making these White Chocolate Pistachio Cookies a perfect way to commemorate the occasion. This recipe yields 24 cookies.

Preheat oven to 350 degrees Fahrenheit and line baking sheets with parchment paper.

In a large bowl, beat together 1 cup melted butter, 3/4 cup brown sugar and 3/4 cup white sugar until light and fluffy. Add 2eggs, one at a time, beating well after each addition. Stir in 2 teaspoons vanilla extract. In a separate bowl, combine 2 1/2 cupsall-purpose flour, 1 teaspoon baking soda and 1 teaspoon salt. Gradually incorporate the dry ingredients into the butter mixture until dough is just mixed. Fold in 1 cup crushed pistachios and 1/2 cup white chocolate chips.

Drop Spoonfuls of dough onto the prepared baking sheets. Bake until the edges begin to crisp, about 10 to 12 minutes. Cool cookies on baking sheets for 2 to 3 minutes, then transfer to a wire rack to cool completely.

What to look for this week:
The key report this week will be published on Friday, highlighting the Federal Reserve's preferred inflation gauge, the Personal Consumption Expenditures index.

In addition, housing data will be released throughout the week, with appreciation figures on Tuesday, New Home Sales on Wednesday and Pending Home Sales on Thursday. Thursday will also include the latest Jobless Claims and the second estimate of fourth quarter GDP.

Technical Picture

Mortgage Bonds broke above their 200-day Moving Average last week, testing the price ceiling at 101.09. If Bonds can surpass this level, there is approximately 30 basis points of upside room before reaching the next resistance at the 101.39 Fibonacci level. Meanwhile, the 10-year closed last week below 4.50%, declining on Friday toward the next support level at 4.40%.

Nicole Fernandez Seymour
Preferred Rate Nicole Seymour Team
Nicole Fernandez Seymour
Mortgage Loan Advisor
Facebook Instagram LinkedIn Google Plus
NMLS # 244835
1421 Pine Ridge Road Suite 220
Naples, FL 34109
Office # 904-465-4335
Cell # 904-465-4335
Email Me
My Website
EH logo © 2025 American Pacific Mortgage Corporation (NMLS 1850). All information contained herein is for informational purposes only and, while every effort has been made to ensure accuracy, no guarantee is expressed or implied. Any programs shown do not demonstrate all options or pricing structures. Rates, terms, programs and underwriting policies subject to change without notice. This is not an offer to extend credit or a commitment to lend. All loans subject to underwriting approval. Some products may not be available in all states and restrictions apply. Equal Housing Opportunity.
To unsubscribe or manage your email preferences Click Here

02/25/2025

Hi,
Sales of existing homes declined in January but are projected to increase throughout the year. Meanwhile, concerns over tariffs have led home builders to adopt a more cautious stance. Read on for further insights.

Existing Home Sales Expected to Improve This Year

Home Builder Confidence Declines Amid Tariff Concerns

Construction Activity Slows in January

Jobless Claims Data Continues to Show a Consistent Trend

Family Hack of the Week

What to Look for This Week

Technical Picture

Existing Home Sales Expected to Improve This Year

In January, existing home closings decreased 4.9% from December to a 4.08-million-unit annualized pace, slightly missing projections. However, sales have risen year-over-year for four consecutive months, and inventory saw a modest uptick.

What's the bottom line?

This was a strong January report, considering it measured home shopping from November and December when rates were elevated. Plus, January is typically a slow time for the housing market.

"Things are looking up," according to the National Association of REALTORS® Chief Economist Lawrence Yun, who expects home sales to continue rising as rates and prices stabilize.

While January inventory improved to 1.18 million units, it remains tight compared to pre-pandemic levels. Plus, only 829,000 of those were active listings; the rest were under contract and not truly available. This ongoing supply shortage, combined with pent-up buyer demand, bodes well for continued home price appreciation.


Home Builder Confidence Declines Amid Tariff Concerns

Home builder sentiment took a hit in February, with the National Association of Home Builders (NAHB) reporting a drop in their confidence index from 47 in January to 42. This figure is now well below the neutral benchmark of 50, signaling contraction.

All three components of the index – buyer traffic, current sales and future sales expectations – decreased, with future sales expectations seeing a significant 13-point drop to their lowest level since December 2023.

What's the bottom line?

NAHB Chief Economist Robert Dietz noted that the decline was driven by uncertainty over the "scale and scope of tariffs," with 32% of appliances and 30% of softwood lumber coming from international trade.

However, the survey timing appears to have impacted the results. Responses collected before the announcement of a one-month tariff pause on goods from Canada and Mexico recorded a lower Housing Market Index (HMI) of 38, while those gathered after the pause produced a higher score of 44. This suggests the decline in sentiment could have been less severe with different survey timing.


Construction Activity Slows in January

Housing Starts declined by nearly 10% from December to January, with decreases seen in both single-family and multifamily construction. However, the December housing data reflected one of the strongest levels of activity in 2024, providing important context for the January decline. Meanwhile, Building Permits, a leading indicator, rose slightly to start the year.

What's the bottom line?

NAHB Chair Carl Harris noted that "high construction costs, elevated mortgage rates, and challenging housing affordability conditions are causing builders to approach the market with caution." This also suggests home prices will remain supported, as insufficient supply is coming on the market to meet demand, presenting ongoing opportunities for wealth-building through homeownership.


Jobless Claims Data Continues to Show a Consistent Trend

Initial Jobless Claims increased by 5,000, totaling 219,000. Continuing Jobless Claims also rose by 24,000 to 1.869 million, remaining above 1.8 million for the thirty-seventh consecutive week.

What's the bottom line?

The latest data suggests that while layoffs remain low, the labor market continues to encounter difficulties in promptly reintegrating job seekers. Additionally, as many individuals are eligible for benefits for just 26 weeks, the rise in Continuing Claims upon benefit expiration points to persistent vulnerabilities in the labor market.


Family Hack of the Week

February 26 is National Pistachio Day, making these White Chocolate Pistachio Cookies a perfect way to commemorate the occasion. This recipe yields 24 cookies.

Preheat oven to 350 degrees Fahrenheit and line baking sheets with parchment paper.

In a large bowl, beat together 1 cup melted butter, 3/4 cup brown sugar and 3/4 cup white sugar until light and fluffy. Add 2eggs, one at a time, beating well after each addition. Stir in 2 teaspoons vanilla extract. In a separate bowl, combine 2 1/2 cups all-purpose flour, 1 teaspoon baking soda and 1 teaspoon salt. Gradually incorporate the dry ingredients into the butter mixture until dough is just mixed. Fold in 1 cup crushed pistachios and 1/2 cup white chocolate chips.

Drop Spoonfuls of dough onto the prepared baking sheets. Bake until the edges begin to crisp, about 10 to 12 minutes. Cool cookies on baking sheets for 2 to 3 minutes, then transfer to a wire rack to cool completely.

What to look for this week:
The key report this week will be published on Friday, highlighting the Federal Reserve's preferred inflation gauge, the Personal Consumption Expenditures index.

In addition, housing data will be released throughout the week, with appreciation figures on Tuesday, New Home Sales on Wednesday and Pending Home Sales on Thursday. Thursday will also include the latest Jobless Claims and the second estimate of fourth quarter GDP.

Technical Picture

Mortgage Bonds broke above their 200-day Moving Average last week, testing the price ceiling at 101.09. If Bonds can surpass this level, there is approximately 30 basis points of upside room before reaching the next resistance at the 101.39 Fibonacci level. Meanwhile, the 10-year closed last week below 4.50%, declining on Friday toward the next support level at 4.40%.

Nicole Fernandez Seymour
Preferred Rate Nicole Seymour Team
Nicole Fernandez Seymour
Mortgage Loan Advisor
Facebook Instagram LinkedIn Google Plus
NMLS # 244835
1421 Pine Ridge Road Suite 220
Naples, FL 34109
Office # 904-465-4335
Cell # 904-465-4335
Email Me
My website
EH logo © 2025 American Pacific Mortgage Corporation (NMLS 1850). All information contained herein is for informational purposes only and, while every effort has been made to ensure accuracy, no guarantee is expressed or implied. Any programs shown do not demonstrate all options or pricing structures. Rates, terms, programs and underwriting policies subject to change without notice. This is not an offer to extend credit or a commitment to lend. All loans subject to underwriting approval. Some products may not be available in all states and restrictions apply. Equal Housing Opportunity.
To unsubscribe or manage your email preferences Click Here

FLORIDA CONTINUES TO GAIN MILLION-DOLLAR EARNERS
02/24/2025

FLORIDA CONTINUES TO GAIN MILLION-DOLLAR EARNERS

The state had an 8% increase in million-dollar earners from 2021 to 2022, reaching 77,670, according to the IRS. But nationwide, that number dropped by 2%.

JAN. HOUSING: NEW LISTINGS INVENTORY RISE, READ ON!
02/24/2025

JAN. HOUSING: NEW LISTINGS INVENTORY RISE, READ ON!

Florida Realtors Chief Economist: “A new year usually brings with it a revival in the rate of homes being listed for sale; it certainly was the case this January.”

I HOPE THIS ARTICAL IS INFORMATIVE AND HELPFUL.
02/17/2025

I HOPE THIS ARTICAL IS INFORMATIVE AND HELPFUL.

Costs like mortgage interest and personal property taxes up to a certain limit may be deducted to reduce tax bills, plus some home improvements in certain cases.

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What real estate professionals need to know about this new law enacted to enhance transparency in corporate ownership and prevent the illicit use of companies for criminal activities, such as money laundering and fraud.

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“While a little faith may bring your soul to heaven, a lot of faith–clinging to God despite your circumstances–will bring heaven to your soul.”
Skip Heitzig | Calvary Church

A THOUGHT FOR TODAY!!

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Unsinkable Sam is a legendary cat said to have survived the sinking of three separate military vessels for two separate countries. Sam, originally named Oscar, was a ship cat on the German battleship Bismarck. After the ship’s sinking, Unsinkable Sam was rescued from the wreckage by the British Navy. Post rescue, Sam is said to have served on the HMS Cossack and the HMS Ark Royal, surviving the sinking of both. While the authenticity of this legend is sometimes doubted, the sailors of the British Navy believed it wholeheartedly, and a cat by the name of Unsinkable Sam retired to the Home for Sailors in Belfast in 1941 until his death in 1955.

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https://bevd.sites.c21.homes/HOW EXPENSIVE IS TO LIVE IN ST. AUGUSTINE? LET'S FIND OUT!
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https://bevd.sites.c21.homes/
HOW EXPENSIVE IS TO LIVE IN ST. AUGUSTINE? LET'S FIND OUT!

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Call me for all of your Real Estate needs (904) 315-1748

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