News and articles
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The hospitality industry in Southwest Florida is trying to fight staffing shortages to provide services to tourists. Hotels offer huge bonuses to new hires. There are, for instance, over 300 openings at hotels and over 1,600 in other hospitality businesses in Fort Myers. Surveys show that over 70% of Americans are planning to go on vacation this...
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More properties return to the housing market, the number of closed sales is reducing, while the last year’s buyer frenzy starts to taper. Home sales in the South Florida market are beginning to drop. For instance, the number of closed sales in the Palm Beach County reduced by over 30% in June, by 20% in the Broward County, and by 26.1% in...
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The real estate market in Tampa, Florida, shows first signs of cooling, as pending home sales reduce year-on-year and asking prices keep dropping. However, housing prices are still 27.6% higher than in June 2021. There are many mass media forecasts of the impending market crash, but the current data does not confirm these expectations. Statistics...
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An expected side effect of the US Federal Reserve System’s struggle against the inflation was an increase of mortgage rates that almost doubled compared to the last year. Many analysts therefore forecast that the market will cool considerably after several years of explosive growth. And some states will survive such changes better than others. So...
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TRANSLATE with x English Arabic Hebrew Polish Bulgarian Hindi Portuguese Catalan Hmong Daw Romanian Chinese Simplified Hungarian Russian Chinese...
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TRANSLATE with x English Arabic Hebrew Polish Bulgarian Hindi Portuguese Catalan Hmong Daw Romanian Chinese Simplified Hungarian Russian Chinese...
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In June and in the second quarter of 2022, there were more listings in the Florida housing market than last year, the median prices increased and the supply started dwindling. At the same time, higher mortgage rates and inflation still have a negative impact on sales, according to the latest data from Florida Realtors®. The median time to contract...
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This July, MSP Capital, a real estate private equity firm headquartered in Dallas, Texas, purchased an office and warehouse complex in Davie, Broward County, Florida, for $50 million. The cost per square foot was $254. The complex consists of eight buildings with 120 current tenants. The occupancy rate has been high for many years. The market of...
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Even though the past few years have been quite turbulent in the USA with the pandemic, the record-setting inflation, and political turmoil, the vacancy rate of offices in Miami remains almost unchanged. According to the Colliers Q2 2022 report, the inflow of a huge number of new tenants was balanced out by commissioning new premises. Over that...
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