• Five luxury properties for sale in Sarasota

    Sarasota is one of the favorite places for buyers to invest in luxury real estate. As of July 20, five luxury residential properties with stunning views, an upscale location, elegant rooms and a number of additional amenities are for sale. The first property is a house of 281 m2 with four bedrooms for $825,000. It has a large swimming pool, a...

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  • Luxury real estate transactions decreased by 17.7% year-on-year in Miami

    According to real estate experts, the South Florida market had nowhere to move but to decline after a frenzied growth rate in 2022. At the same time, the second quarter of this year turned out to be stable. In Miami, deals on luxury residences declined 17.7% year-on-year, but jumped 22.9% compared to the first three months of the year. The average...

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  • Experts: Florida is a favorite place for yachting connoisseurs and buyers of luxury real estate

    According to experts, yacht lovers and lovers of luxury real estate are the same people. There are not many places in the USA that can compare with Florida for lovers of luxury yachting. The state has a whopping over 13 km of coastline: from the Atlantic Ocean coast and the Persian Gulf, second only to Alaska with over 54 km of Pacific and Arctic...

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  • The construction of single-family houses fell by 7% in the US

    Construction of new single-family homes in the United States, as of June 2023, fell by 7% after an increase of 18.5% in May. In general, the commissioning of housing, including apartment buildings, decreased by 8% compared to the previous month. The June figure decreased by 7.4% compared to the same period in 2022. Meanwhile, the number of...

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  • Experts: the confidence of developers in the market of new single-family housing is growing in Florida

    The growing confidence of Florida developers in the market for new single-family homes has been growing for the seventh month in a row, despite higher construction costs, interest rates, and a shortage of plots. This was reported by the National Association of Home Builders. NAHB/Wells Fargo Housing Market Index (HMI) rose one point to 56, the...

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  • The most affordable real estate market in 2023 in Florida

    Properties that were sold for $250,000 in Florida before the pandemic are now about twice as expensive. At the same time, trends show that it may be quite easy to buy a house in some locations in Florida in the next 12 months. Experts focus on 13 districts of the state where it is profitable to buy a house, as well as on those locations where the...

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  • Experts: rising house prices in the US slows sales

    Real estate sales slowed in the US in June. The reason is the achievement of the average real estate price of the second highest level in the entire history of observations. The average cost for all types of housing in June 2023 rose to $410,200, which is 0.9% lower than the historical maximum of $413,800 in June last year. For the first time, the...

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  • Florida entered TOP-5 among the most popular states for buying a property with a mortgage

    Last year, only in Texas more property buyers than in Florida used private mortgage insurance. 76,451 buyers, that is, 57% in the "sunny state" used a mortgage when buying a house. According to the annual mortgage finance report, Florida ranked second after Texas. In Florida, almost 3 out of 5 buyers, that is, 57%, relied on a mortgage when buying...

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  • The average rent in Florida is just $24 below the record high of 2022

    The rental market has been slowing down for more than a year, but the average rent, as before, is only $24 below the record high, which was $ 2,053 in August 2022. In June, the average rent across all states, including Florida, was $2,029. In percentage terms, rent growth was 0.5% year-on-year in June, which is not far from the annual decline of 0...

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  • Generation Z (81%) and millennials (71%) experience stress when buying a property for the first time

    Generation Z (81%) and millennials (71%) note: they are stressed about buying a home partly because they are buying real estate for the first time. Also of concern are the low level of stocks in the market and the growth of interest rates on loans. At the same time, 54% of real estate buyers say that now is a good time to buy a house. Problems...

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