News and articles
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Florida is one of the US states that investors find most appealing, influencing both foreigners and Americans. The truth is that there are minimal taxes and the absence of income tax. Six more states in America have the same policy (Alaska, Nevada, South Dakota, Tennessee, Washington, and Wyoming). Tax is not taken from salaries or any other form...
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For dozens of years, retired people from colder regions, including Canada, have been coming to the south Florida to rent affordable housing for the winter months. However, the growing competition in the rental and sales market of residential properties and the higher cost of living make it increasingly more difficult for these “snowbirds” to enjoy...
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The 40% slump in residential property sales in the south of Florida compared to last year is caused by higher mortgage rates and soaring prices, preventing buyers from closing the deals. The greatest decline occurs in Miami, Palm Beach, and the Keys. The situation is exacerbated by the fact that in many regions, prices have broken all records this...
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Despite the destruction wreaked by Hurricane Ian, the market of residential property will probably remain overheated even in Southwest Florida. Ken Johnson, Economist at Business College at the Florida Atlantic University and researcher of monthly reports concerning the US housing purchase and sale market, expects a temporary slump in these...
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Visit Florida launched a promo campaign with the initial cost of around $2.7 million to tell potential tourists about the parts of the state not affected by Hurricane Ian. The campaign is deployed on digital platforms and social media until late October and includes fresh footage of 14 parts of the state (Miami, St. Augustine, Tallahassee,...
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Study: Jacksonville rentals rose by only 3.6% year-on-year in July, but it increased by 17.8% in three South Florida counties. Nationwide rentals grew by 13.5% year-on-year. According to a Redfin report, the “asking rent” of US landlords rose by 14% year-on-year in July, up to $2,032, which is the smallest annual increase since November and lower...
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Instead of buying a house on wheels and renting land, the Zephyrhills developer rents both at the same price of about $1,750 per month for a three-bedroom and two-bathroom home. Florida continues to struggle with a crisis of affordable housing and ERC Communities Inc. believes modular homes can solve the problem. According to ERC Communities,...
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The up-and-down cycle that the American market has faced over the past decade will be remembered as a process of slow but steady recovery of the real estate sector. What trends were observed in the relatively recent past? Let’s talk about this below. Content: Construction boom Silver tsunami Growth in demand for rental real estate Mortgage...
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The Fixr Home Design Report 2022 surveyed 47 house designers, with 98% citing natural lighting as the preferred home feature of their clients, followed by home offices (96%) and usable open spaces (92%). Experts believe that natural lighting matches the homeowners’ desire for more energy-efficient thermal insulation (86%) and air conditioning...
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Research shows that rent control is a short-term solution that creates long-term problems. Florida Realtors filed a lawsuit against Orange County to block the corresponding offer. Florida needs more rental units in many cities. The problem was caused by a number of factors, including the large influx of new residents during the pandemic and the...
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