Posts from October 20th, 2020
Levin Rinke Realty Blog
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October
20
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Escambia & Santa Rosa County Real Estate Market Overview – 3rd Quarter 2020
With low inventory and high buyer demand, homeowners could earn a larger profit on their houses and sell them quickly.
The greater Pensacola area has experienced a rise in property values during an extraordinary global health crisis. This may seem absurd, but we are not alone! All across the country, homeowners have seen the very same trend.
Where We Have Been
The consequences of the 2008 housing crisis impacted the area as they impacted the rest of the country. The excessive amount of speculative buying came to a halt and left an abundance of inventory, driving prices down since pre-recession levels.
Where We Are Currently
Today, we have the Dodd-Frank act in place which requires...