News and articles
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In November, sales continued to slow down in the market of existing single-family houses in Bradenton, although the median value remained high. The median price of a local home was $506,655 compared to $450,411 in November 2021. At the same time, the number of sold properties reduced by 35%, down to 450, as reported by the REALTOR® Association of...
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Statistics show that New York residents wanting to escape the state’s harsh winters in Florida have mostly been migrating to Orlando, Miami, and Tampa over the past five years. 140,000 New Yorkers moved to Florida because it has no state income taxes or payroll taxes, making it a magnet for billionaires and major companies. New York as a whole...
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According to the National Association of Realtors of the United States, Florida 2022 came out on top in popularity with foreigners who buy real estate for investment. This popularity was caused by excellent climatic and social conditions which later led to a rapid rise in prices. During the last year alone, from November 2021 to November 2022, the...
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As the number of new construction permits dropped to a historic low last month (the lowest since 2020), Don Peebles, Chair and Chief Executive Officer at Peebles Corporation, warns of a “double blow” to the market, making housing unaffordable for an average American. He also welcomes Florida’s initiative that tries to rectify this situation. He...
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According to recent data from the Orlando Regional Realtor ® Association, the total sales of homes dropped significantly in October – November 2022. This November, 1,996 transactions were made in the Orlando residential property market, which is 26.5% fewer than 2,716 deals in October. This is actually the worst monthly housing sales performance...
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The value of South Florida real estate continues to increase and many local residents are feeling the effects. According to a report published by the Miami Association of Realtors, prices of single-family houses and condominiums grew by 9 – 14% in November in Miami-Dade and Broward Counties, compared to the same month of 2021. The average cost of...
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The recent data on the South Florida real estate market is good news for potential buyers interested in local residences. Statistics show that sales of existing properties have been slowing down for ten consecutive months, which means that buyers stand a better chance of successful negotiations with sellers and purchasing the houses and apartments...
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Ron DeSantis, Florida Governor, convened a special meeting to solve property insurance problems and tackle reinsurance issues. Options under consideration include full or partial property tax relief for victims of Hurricane Ian. The meeting will become the second special session this year devoted to property insurance. This is a complicated matter...
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Many South Florida residents are facing challenges due to rent surges. Administrations of cities across the state offer assistance. Although the general rent hike started to slow down, it is still significantly higher than a year ago. The average rent in South Florida is $2,827, which is 16% greater than in 2021. Salaries cannot catch up with the...
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Walt Disney World’s intention to build a residential community originated in the company’s past. One of Walt Disney’s last ideas was the Experimental Prototype Community of Tomorrow (EPCOT) designed to develop the American business and urban living. Disney considered the creation of a mixed-use residential environment the most important task faced...
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