News
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Several bills concerning the real estate market will be considered at the forthcoming session of the Florida Legislature that starts in March 2023. For instance, the state’s legislators will consider draft regulations according to which sellers of residential and commercial properties will have to disclose information about flooding and flood...
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In December 2022, rents decreased in 71 out of 100 largest US metropolitan areas, which could indicate that the country is gradually coming out of the rental crisis. Florida markets, however, are still overvalued, and the local rates are too high for many potential residents. Researchers from the Florida Atlantic University, the University of...
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Florida positions itself as the best state to live in, and 808 new residents arriving here every day, according to statistics, seem to share this opinion. A real boom in the residential property market occurred in this state after the pandemic. For instance, the median price of a single-family house surpassed the last year’s level by almost 10% by...
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Credit Suisse Asset Management (a branch of the financial giant) cooperated with Trinity Investments, a US firm involved in real estate investment, to purchase an iconic oceanfront hotel located between Fort Lauderdale and Miami. This is one of Credit Suisse’s largest acquisitions since August 2021. The partners are counting on the recovery of the...
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The value of residential properties in Florida hit record highs last year, as the median price rose by 50% from January through December. The high mortgage rates, however, caused this market to cool down considerably. Analysts from Redfin forecast that in 2023, the median house price may reduce by 4 % in the USA, which will be the first decline...
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In the times of uncertainty and market rebuilding under the influence of external shocks, it is particularly important to identify the trends that will stay in force for at least a year. Professional brokers from Pam & Toni Team named the following 7 trends relevant for the Florida real estate market. Insufficient housing stock. The demand...
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Experts from WalletHub, a platform devoted to personal finance, considered 27 indicators across three categories, i.e., business environment (population, demographics), availability of resources (including bank financing), and business expenses (affordability of office premises, etc.). After that, the total score was calculated. Florida ranked...
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According to a new study, construction of residential properties in Florida is among the best in the country. PortlandRealEstate.com, an Oregon real estate agency, has recently published a report that says that 9.8 houses per 1,000 residents are currently under construction stage in Florida, which is one of the best performances across the USA...
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In order to satisfy the huge demand for homes for hired workers, rental duplexes are being build en masse in Wildwood, Florida. Dinerstein Companies is the developer in charge of the construction. 192 houses with fenced backyards and standalone garages will be built on a 75,000 sq m land plot. Future residents will be able to choose from one, two,...
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According to a new report by the MIAMI Association of Realtors, this city remains invariably popular among foreigners looking for new homes. In December 2022, citizens of Columbia made the most search queries about housing in this metropolitan area (11.81%). They have remained in the first place for nine out of the last ten months of the previous...
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