If you need assistance, please call 850-259-1798

Beach Road Realty | Beach Road Realty Inc Blog

Tuesday, February 20, 2024   /   by Richard Eimers

Profits from Home Selling Drop in 2023

Attom: Home sellers made a $121K profit on the typical sale in 2023, generating a 56.5% ROI. While still near record levels, it was the 1st decline in over a decade.

IRVINE, Calif. – Home sellers made a $121,000 profit on the typical sale in 2023, generating a 56.5% return on investment, according to Attom’s Year-End 2023 U.S. Home Sales Report.
But even as both gross profits and profit margins remained near record levels, they decreased from 2022, marking the first declines in either category since 2011.
The gross profit on median-priced single-family homes sales dipped down from $122,600 in 2022 while the profit margin dropped, year over year, from 59.8%. That happened as the median nationwide home price rose at the smallest annual pace in more than a decade.
The profit fallback came during a year of ups and downs for the U.S. housing market that featured flat prices early in 2023, followed by a spike in the Spring and a drop-off in the fourth quarter. ...

  beach road realty, richard eimers, eimers group

Tuesday, February 20, 2024   /   by Richard Eimers

What’s Your Homebuying Personality—FOMO, YOLO—and How Is It Holding You Back?

When shopping for a home, your lifestyle and personality carry a lot of weight in your decision-making process.
If you’re outgoing, you might lean toward a house in a walkable neighborhood with a friendly vibe. On the flip side, if you covet peace over chit-chatting with neighbors, a home in the country might fit the bill.
Yet you just can’t pull the trigger when you find a house you like. Why? Your homebuyer personality type might be holding you back, thwarting your ability to take the plunge.

Don’t sweat if you can identify with one of the following homebuyer personality types. We asked a real estate agent and a therapist for advice on how to overcome these psychological traps preventing you from making an offer. Here’s what they had to say.
The FOMO buyer
The FOMO (fear of missing out) buyer is afraid if they make an offer, they’ll miss out on that amazing house that has yet to come on the market.

The problem? The perfect home might not exm ...

  beach road realty, richard eimers, eimers group

Monday, January 29, 2024   /   by Richard Eimers

Inflation Slowed Further, 'Soft Landing' Closer

By Christopher Rugaber

A soft landing – inflation falling back to the Fed’s target without a recession – could make it easier for the Fed to cut its key interest rates.

WASHINGTON — The Federal Reserve’s preferred inflation gauge cooled further last month even as the economy kept growing briskly, a trend sure to be welcomed at the White House as President Joe Biden seeks re-election in a race that could pivot on his economic stewardship.
Friday’s government report showed that prices rose just 0.2% from November to December, a pace consistent with pre-pandemic levels and barely above the Fed's 2% annual target. Measured from a year earlier, prices increased 2.6%.
Excluding volatile food and energy costs, so-called “core” prices rose just 0.2% from month to month and 2.9% from a year earlier — the smallest such rise since March 2021. Economists consider core prices a better gauge of the likely path of inflation.
The latest ...

  beach road realty, richard eimers, eimers group, inflation, economy, federalreserve, softlanding, interestrates, economicstewardship, consumerspending, growth, policymeeting, interestratecuts, christopherrugaber, feddata, bidenadministration, ratehikes, economictrends, consumerconfidence

Monday, January 29, 2024   /   by Richard Eimers

Experts Talk Florida's Post-Pandemic Normal

Florida is outperforming U.S. in job and income growth and population migration, two economic experts said.

TAMPA, Fla. – Even as the U.S. economy posted an unexpected strong performance last year, Regions Bank Chief Economist Richard Moody and Chief Investment Officer Alan McKnight expect 2024 economic growth to be slower.
Moody says that the labor and supply side expansion of the 2023 economy raises concerns about how much capacity remains for growth in 2024.
Florida's markets are expected to find a new normal in terms of growth after three years of explosive expansion, which means the outlook is still positive. Moody added that Florida's large metro areas continue to be “some of the hottest markets in the country,” but “once the dust settles, there's still outperformance there.”
Florida is among the states with favorable demographic profiles, including strong business migration, lower costs of living, lower labor costs, strong population inflow ...

  beach road realty, richard eimers, eimers group, federalreserve, 2024growth, alanmcknight, businessfriendlyenvironment, businessmigration, costofliving, demographicprofiles., economicexperts, economicoutlook, economicperformance, financialservices, floridaeconomy, hightech, incomegrowth, inflationtarget, jobgrowth, laborcosts, laborsupplyexpansion, logistics, optimisticmarkets, populationinflow, populationmigration, regionsbank, richardmoody, tampabaybusinessjournal, tampagrowth

Monday, January 29, 2024   /   by Richard Eimers

Alec Baldwin Gets Personal in Latest Attempt To Sell Hamptons Home, After a $10M Price Cut

It’s not every day we see an A-lister involved in the marketing of their real estate, and yet actor Alec Baldwin has stepped in front of the camera to help sell his recently relisted estate in Amagansett, NY.
Last week, the three-time Emmy winner fronted a YouTube video in which he wistfully describes his fondness for the East Hampton hamlet and the homes he’s lived in there, most notably his 10-acre property on Town Lane.
Baldwin has been trying to offload his longtime Hamptons home since 2022. And recently, the five-bedroom, 10,000-square-foot property returned to the market for just under $19 million—$10 million less than the original asking price. The home has had several previous price cuts. In addition to the latest, lowest amount, Baldwin has also added his personal touch.

The video was published—and seemingly produced—by Saunders & Associates, the brokerage handling the sale of Baldwin’s estate. In the video, which currently has somee ...

  beach road realty, richard eimers, eimers group, alecbaldwin, hamptonshome, realestate, propertysale, pricecut, promovideo, saundersandassociates, celebrityhome, amagansettny, townlane, homelisting, realestatemarketing, celebritymarketing, rustincident, involuntarymanslaughter, uniquemarketing, motivatedseller, emotionaltransaction, homesale, realestateexperts, lowballoffers

Beach Road Realty Inc
Richard Eimers
17 Roundwood Drive
Inlet Beach, FL
850-259-1798

The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Properties listed by Brokers other than this Broker are marked with either the listing Broker's logo or name or the MLS name or a logo provided by the MLS. Detailed information about such properties includes the name of the listing Brokers. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The Florida Association of REALTORS® and its cooperating MLSs do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Data last updated February 24, 2024

IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS. Vendor Member Number: 28179

This site powered by CINC: www.cincpro.com