News and articles
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Visitors of the new terminal at the Orlando International Airport would be well advised to wear sunshades, sunscreen, and a wide-brimmed straw hat. The building will be designed in such a way as to soak it in sunlight coming through many skylights in high ceilings. As they see giant artificial palm trees and LED screens showing images of underwater...
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Both newcomers and born & bred Floridians with a moderate income have lately been facing numerous challenges when buying a home. One of the drivers exacerbating the situation was the recent increase of interest rates by the US Federal Reserve System in its efforts to curb inflation. According to the Mortgage Bankers Associations, the average...
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The amount of real estate purchased for cash might be reducing in some parts of the USA, but this practice is still flourishing in Florida. According to a recent report by the real estate firm Redfin, the greatest number of homes bought for cash was in Long Island: 66.5% of the total number of such transactions this July. West Palm Beach is in the...
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In August 2022, the growing amount of supply (active sale listings) and median prices were recorded in the Florida housing market compared to last year, according to recent data by Florida Realtors®. Inflation, higher mortgage rates, and other economic drivers are still affecting the sales, though. Christina Pappas, President of Florida Realtors...
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Peter Thiel is one of the first Facebook investors and a cofounder of PayPal, Founders Fund, and Palantir Technologies. He moved from the Silicon Valley to Miami Beach, Florida in late 2020 and purchased two neighboring oceanfront mansions there for $18 million. House prices and rental rates across the whole South Florida have grown significantly...
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In August 2022, the occupancy rate of hotels in Jacksonville, Florida, reached 71.6%, with the highest values in beach neighborhoods. The year-to-year growth is 74.5%. Please see data on occupancy rates across the whole Duval Country over that period compared to last year. Area% occupancy% change Arlington 76.1% -0.5% Beaches 76...
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NASA’s Artemis mission on sending humans to the Moon and preparing to colonize Mars is an important event in the new era of the flourishing space industry in Florida. The state’s “space coast” with launch pads attracts the attention of the whole country. Thousands of “space dream” fans recently flocked to Titusville, Florida to witness the launch...
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The billionaire Ken Griffin broke the price record in Miami by paying $106.875 million for a seaside estate. This is the highest amount ever paid for a home in Miami Dade, and records show that Griffin has broken his own record. Last year, he spent a record $75 million for a home on Star Island, an artificial island in the Biscayne Bay. Griffin’s...
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House prices in the USA are still unaffordable for many Americans. In some cities, buyers are paying premiums of up to 60%. According to a study conducted by the Florida Atlantic University and the Florida International University this year, no city in the US is more overvalued than Boise, Idaho. In this research, experts identified the difference...
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According to the analysis published last week, millions of acres of US coastal lands will be in the flood zones by the middle of the current century. This may entail huge financial losses for American communities, as developed grounds will be rendered uninhabitable. The non-profit organization Climate Central conducted a unique study of the rising...
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