St. Petersburg Real Estate Insider: Your January 2025 Newsletter
Welcome to your soothing, bite-sized update on the St. Petersburg real estate scene. Whether you’re buying or selling, relax and let these gentle insights guide your next move.
Steady Price Growth
JP Morgan forecasts a natural 3% rise in home prices, while Zillow sees a modest 0.9% increase. For St. Petersburg, that means stability and gradual appreciation—perfect for long-term planning.
Buyers: Secure your dream home today, knowing your investment is in safe hands.
Sellers: Enjoy the benefits of a slowly appreciating market that enhances your property’s value over time.
Calm in Mortgage Rates
Mortgage rates are currently around 7%, with a slight dip expected to 6.7% by year’s end. The “higher for longer” trend reassures buyers and sellers alike.
Buyers: Lock in a rate now, and consider refinancing later if conditions improve.
Sellers: Your listing remains attractive, drawing in committed buyers ready to invest.
HUD & Affordable Housing: A Soft Shift
While talks of HUD workforce cuts stir the national conversation, the immediate impact on our local market is minimal.
Buyers: Affordable housing programs may adjust—but St. Petersburg’s charm and stability remain.
Sellers: With low new construction, your home’s value is well-protected in our competitive market.
Local Gems & Emerging Trends
Inspired by Miami’s luxury surge and scarce starter homes, St. Petersburg offers a balanced mix that caters to every taste.
Buyers: Discover the appeal of our diverse inventory—from cozy starter homes to elegant waterfront properties.
Sellers: Highlight St. Petersburg’s unique lifestyle, vibrant community, and breathtaking views to captivate potential buyers.