News and articles
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Recent statistical data shows that the rent in Orlando is not reducing, so the income of local homeowners remains high and stable. However, according to another new study, tenants of apartments in this area are getting far more space for their money. The median asking rent in Orlando is $2,109 per month, which is 4% higher than last year. This...
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Despite the recent data on the number of realtors in the USA showing a reduced membership this year, property experts forecast that the market will remain hot. Jerry Howard, CEO at National Association of Home Builders, doesn’t think that it’s a coincidence. The Florida population has grown by 1.9%, and the state administration encourages...
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The sales of single-family houses in Palm Beach County dropped in January. Over the first month of the current year, 33% fewer deals were closed than over the same time last year. However, the supply continues to increase, so buyers have more choice and more leverage in negotiations. A report published by Broward, Palm Beach and St. Lucie Realtors...
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In 2022, the Florida Legislature passed a series of laws that concern almost 1.5 million condominiums across the state and 28,000 homeowner associations that are authorized to control real estate. The changes include strict rules regulating the composition of multi-family houses, timelines of conducting structural inspections, as well as budget and...
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After deciding to invest in real estate in Florida, many investors are starting to consider Miami, the biggest city on the state's southern shore. Let's discuss if it’s more advantageous to purchase luxury homes in the very centre of the metropolis or in Hollywood, a coastal community in Greater Miami's metropolitan zone, spanning the Atlantic for...
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Not all experts are ready to share specific forecasts for 2023, but some conclusions about the past year are already feasible. For instance, Florida Realtors calculated that the value of residential properties in Florida increased by 17.27% over the past year, according to data from Zillow. This is the highest growth nationwide. In December, the...
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Florida was attracting millionaires wanting to settle in a low-tax territory even before the pandemic. Now the Sunshine State is home to neighbourhoods with the country’s most expensive properties, according to a recent report by Bloomberg. Historically, New York and California have been considered “enclaves for the rich” in the USA, but the value...
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Recent data about US realtors shows that their numbers are growing smaller every year. It has reduced in Florida too, but real estate experts forecast that the state’s market will remain extremely active. Jerry Howard, CEO, National Association of Home Builders, emphasizes that last year, Florida’s population grew by 1.9%. Many people are moving...
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By the end of 2022, the residential market of real estate in Florida has approached its pre-Covid-19 levels. The market showed good results on closed deals, although year-on-year it failed to surpass the extraordinary success of 2021. The main indicators of the housing market in Florida for 2022 and the forecast for 2023 will be analysed below...
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According to a recent US rental growth report by Redfin, the median value of this indicator increased by 2.4% year-on-year nationwide, reaching $1,940 per month. The rent in Tampa, Florida, however, grew by 3.5% and exceeded the level of $2,000 per month. This trend is typical for the entire Florida, where rentals are higher than the national...
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