News
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For a long time, the state’s developers were accused of harming the environment, but the situation has changed drastically over the past few years. New eco solutions are being applied in construction in Florida more and more frequently. At a recent conference in Lakeland, developers have discussed the need to reduce the environmental impact and use...
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The 2020 pandemic reduced the number of foreign buyers of US homes, but now this trend is reversed. Real estate experts note that the stream of overseas buyers has surged by 30% lately. Miami condominiums are the property type that is particularly popular among them. Over the past three months alone, buyers’ interest in Florida properties returned...
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The South Florida real estate market remains strong, while the performance of other states is fluctuating. There are reasons to believe that the year 2023 will be favourable for buyers in terms of both supply and prices. An increasing number of new properties hits the market, while prices often tend to decrease. In 2023, for instance, a villa in...
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According to the National Association of Realtors (NAR), the 25 US states whose population increased in 2022 include Florida, Texas, North Carolina, and South Carolina. NAR’s analysis shows that Florida is the state with the largest in-migration: approximately 319,000 people moved there last year. This influx of residents is beneficial to US...
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According to the US Census Bureau, warm weather, lower taxes, and a lenient COVID-19 policy made Florida a popular place that increasingly attracts New York residents looking for affordable properties. The in-migration between the two states started back in 2016, but the pandemic has considerably enhanced this trend. The Department of Highway...
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Solar power plants have become a common sight in Florida’s residential property market over the past few years, but it hasn’t been used actively in the commercial sector. This trend is beginning to change as more and more large companies realize the value of placing solar panels in little-used spaces, such as roofs of buildings and garages...
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Florida legislators are expected to consider a proposal requiring property sellers to inform buyers whether their property has ever suffered from flooding. The respective bills were submitted for the March session after two hurricanes hit the state last year. In February, Senator Jennifer Bradley submitted a bill (SB 484) that stipulates a series...
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Recent statistical data shows that the rent in Orlando is not reducing, so the income of local homeowners remains high and stable. However, according to another new study, tenants of apartments in this area are getting far more space for their money. The median asking rent in Orlando is $2,109 per month, which is 4% higher than last year. This...
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Despite the recent data on the number of realtors in the USA showing a reduced membership this year, property experts forecast that the market will remain hot. Jerry Howard, CEO at National Association of Home Builders, doesn’t think that it’s a coincidence. The Florida population has grown by 1.9%, and the state administration encourages...
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The sales of single-family houses in Palm Beach County dropped in January. Over the first month of the current year, 33% fewer deals were closed than over the same time last year. However, the supply continues to increase, so buyers have more choice and more leverage in negotiations. A report published by Broward, Palm Beach and St. Lucie Realtors...
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