News and articles
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Over the last 18 months, the residential real estate market in Central Florida has seen a huge boom. Dozens of investors waged "bidding wars" among themselves, and many contracts went to those who were able to outbid opponents by as little as $1,000. Buyers did not care about property conditions, its location, or the price. They just bought...
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In May 2022, Palm Beach County showed a record rate of growth in home prices. This price rise is driven by high inflation. Even an increase in new supply does not help with the market cooling. In May, the median price for private homes was $615,000. It is 2% higher than a month earlier, in April, and 30% higher than in May 2021. At the same time,...
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According to the latest information, rising interest rates on mortgage loans have had a significant influence on the decline in residential sales. This process began in April 2022. So, in order to predict the future market movement, it is worth paying attention to the indicators of median prices and sales in April and May of this year. The...
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Inflation and increased interest rates are causing concerns, but experts are still optimistic regarding the continued growth of the Florida commercial real estate market. At the moment, the demand is particularly high for industrial and warehouse spaces, especially among enterprises striving to increase their product stock and freight companies...
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The country’s largest annual increase of rent was recorded in the Florida residential real estate market, particularly in Miami, Tampa, and Orlando. This trend has continued for quite a while now. It can be explained with a great inflow of tourists and ex-pats. The demand for rental houses is growing, since Americans and foreigners are attracted by...
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Two years after the start of the COVID-19 pandemic, the Florida commercial real estate market has shown signs of growing rental activity. The reason is, companies keep bringing their employees back to offices and resuming regular work. Even though there is still a lot of available office space in the local market, its value in Orlando increased by...
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Florida houses sell quickly. Owners of local residences who decided to sell their property benefit from the low competition in this state’s market. Many buyers agree to purchase units at the seller’s asking price or even pay extra. Last year, more than 50% of home owners were able to sell their real estate at the list price or higher. In Q1 2022,...
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Experts in the Florida real estate market report a surge of interest in energy efficient residential units. However, there is a flip side to this trend: many buyers cannot afford such homes because they cost more. “Green” housing is quite expensive compared to regular options, which is why its owners can expect a greater demand from tenants. The...
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The US attracts expats from all parts of the world. The most popular states for migrants are California, Texas and Florida. Almost half of tourists and expats prefer these states, which makes property in Florida especially in demand. Residents of some countries can enter the United States without additional documents, but for most foreigners, the...
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A series of bills concerning real estate were passed by the 2022 Florida Legislature and signed by Governor Ron DeSantis. Here is the list of novelties: Hometown Heroes Housing Program. $100 million from the 2022-2023 fiscal year budget will be spent on Hometown Heroes Housing Program. It is aimed at helping qualified firefighters, law...
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