News and articles
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The value of residential properties in Florida hit record highs last year, as the median price rose by 50% from January through December. The high mortgage rates, however, caused this market to cool down considerably. Analysts from Redfin forecast that in 2023, the median house price may reduce by 4 % in the USA, which will be the first decline...
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In the times of uncertainty and market rebuilding under the influence of external shocks, it is particularly important to identify the trends that will stay in force for at least a year. Professional brokers from Pam & Toni Team named the following 7 trends relevant for the Florida real estate market. Insufficient housing stock. The demand...
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Experts from WalletHub, a platform devoted to personal finance, considered 27 indicators across three categories, i.e., business environment (population, demographics), availability of resources (including bank financing), and business expenses (affordability of office premises, etc.). After that, the total score was calculated. Florida ranked...
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According to a new study, construction of residential properties in Florida is among the best in the country. PortlandRealEstate.com, an Oregon real estate agency, has recently published a report that says that 9.8 houses per 1,000 residents are currently under construction stage in Florida, which is one of the best performances across the USA...
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Florida is the third largest state in the country and one of the most popular places to acquire real estate for both Americans and foreign nationals. Future owners are attracted to this place due to the excellent weather conditions and the good perspectives for the housing market, which has been currently experiencing a multi-year boom - over the...
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In order to satisfy the huge demand for homes for hired workers, rental duplexes are being build en masse in Wildwood, Florida. Dinerstein Companies is the developer in charge of the construction. 192 houses with fenced backyards and standalone garages will be built on a 75,000 sq m land plot. Future residents will be able to choose from one, two,...
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According to a new report by the MIAMI Association of Realtors, this city remains invariably popular among foreigners looking for new homes. In December 2022, citizens of Columbia made the most search queries about housing in this metropolitan area (11.81%). They have remained in the first place for nine out of the last ten months of the previous...
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ONE Sotheby’s International Realty (an agency specializing in luxury real estate) is summarizing the results of the previous year in a recently published report. The growing mortgage rates and the wavering consumer confidence led to a reduction of house sales in Florida last November, particularly properties worth under $500,000. For instance,...
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Orange County commissioners created a development and planning group that considered various ways of overcoming the current housing affordability crisis. Tiny homes with a floor area of 46 sq m and less were named among the possible solutions. These properties are inexpensive, costing from $10,000 to $40,000. Importantly, their maintenance is also...
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In 2022, the sales in the South Florida high-end real estate market reduced, which experts are calling “a return to normal” after the roaring demand of the previous year. This follows from a new report by The Keyes Company and Illustrated Properties, devoted to sales of single-family houses and condominiums worth upwards of $1 million in...
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