News and articles
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This July, housing prices in Orlando fell for the first time in six months and the supply rose again, as a survey revealed that nearly three out of four Central Florida estate agents believed the market was cooling. According to the monthly housing report of the Orlando Regional REALTOR® Association (ORRA), the average housing price in the Orlando...
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Many tenants are still deceived by fraudsters who rent houses they do not even own. Isaac Aviles thought he had found a bargain to rent a house in Orlando: a three-bedroom house with two bathrooms in Meadow Woods for $1,200 a month. 19-year-old Aviles did not meet with the landlord, the transaction was made over the phone. He made a deposit of...
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C. Brown, English teacher at a secondary school, rents a one-bedroom apartment 10 km away from her workplace in downtown Miami. This costs her $1,370 per month, i.e. about a half of her salary. She shares the only bedroom with her teenage son, but the woman is still grateful. She says people signing new rental contracts in the same residential...
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This summer, the average value of housing in South Florida started to lower. This trend became another sign of the local market’s recovering the balance after an unprecedented growth. Although the real estate market will remain strong and favoring sellers, it is still continuously changing. Buyers are seeing more options, as the supply grew by...
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As the roaring demand in the residential property market is coming to an end, some homeowners are beginning to opt for rent, not sale. The growing interest rates on mortgage loans and the reducing customer demand force homeowners to lower the prices or look for tenants. Sellers are beginning to realize that it could take years for prices to level...
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In August, sales of residential properties in South Florida kept falling, as the growth of interest rates and property value prevented buyers from closing the deals. According to the Miami Association of Realtors that calculated the sales registered by Multiple Listing Services, the dollar value of transactions in Miami Dade, Broward, and Palm...
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Roger Pettingell is an agent specializing in high-end properties with over $2 billion in sales. Sarasota has been his home since he moved here in 1983. It is now one of the fastest-growing markets of upscale real estate across the country. Pettingell’s experience in this area made him the state’s leading real estate agent and his understanding of...
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Florida is the southernmost mainland state in the USA. It borders the Atlantic Ocean and the Gulf of Mexico coasts, and every year attracts many US citizens interested in relocating there. To generate a steady income, investors put their money into local real estate and expats view the state as a place of permanent residence. There are a lot of...
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Even the American billionaire and Republican Peter Thiel believes that the value of residential real estate and the rentals in Florida are unreasonably high. The businessman who moved to Miami Beach from the Silicon Valley warned conservatives that the rapidly growing prices of local properties make the Sunshine State more similar to California...
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The real estate industry of South Florida is booming, so new projects attracting investors and end users are regularly launched here. The following events in the local market made the hottest news last week. Dependable Equities is planning to build the tallest tower in Fort Lauderdale Dependable Equities presented the plans of building the...
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