News
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ONE Sotheby’s International Realty (an agency specializing in luxury real estate) is summarizing the results of the previous year in a recently published report. The growing mortgage rates and the wavering consumer confidence led to a reduction of house sales in Florida last November, particularly properties worth under $500,000. For instance,...
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Orange County commissioners created a development and planning group that considered various ways of overcoming the current housing affordability crisis. Tiny homes with a floor area of 46 sq m and less were named among the possible solutions. These properties are inexpensive, costing from $10,000 to $40,000. Importantly, their maintenance is also...
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In 2022, the sales in the South Florida high-end real estate market reduced, which experts are calling “a return to normal” after the roaring demand of the previous year. This follows from a new report by The Keyes Company and Illustrated Properties, devoted to sales of single-family houses and condominiums worth upwards of $1 million in...
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Over the first two-thirds of 2022, sales of real estate in southeast parts of Florida were booming, although without huge deals characteristic for 2021. Apartment complexes were particularly popular among investors, and these properties also accounted for the largest transactions. Paige Rausch at Aslan Realty Advisors notes that eight largest...
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Many Americans grew restless under the influence of the pandemic. Entire families relocate in search of larger living quarters or lower cost of living. In 2022, this trend continued, as hundreds of thousands of people moved to other states. The analysis of census data by the National Association of Realtors shows that some regions benefited more...
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A postmodern mansion painted in vibrant colors was recently listed for sale in Sarasota, Florida. The building features an inimitable style and is considered to be an architectural monument. The architect Don Chappell bought the land plot in 1983 and started building a home for his family, meticulously designing every detail, but died shortly...
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A record-breaking growth of rent on all types of non-residential properties occurs in Palm Beach, Florida. Throughout the fourth quarter of 2022, the vacancy rate of retail space remained at approximately 3.5%. The continuing population growth and an influx of tourists will ensure that the 56,600 square meters of space currently under development...
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The vacancy rate of retail space in Broward County, Florida, has been reducing for eight consecutive quarters. As a result, the asking rent per square foot in this region soared to $26.84, which has become a new record. In the fourth quarter of the previous year, only 4% of rental space was available for new tenants, which is 0.7% less than in the...
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Despite the changing market circumstances, residents of many US states still prefer to move to the sunny Florida, as evidenced by the recently published statistics from JK Moving Services, the country’s largest independent provider of loading, transportation, and storage services. In 2022, the most popular destinations for relocation were Florida...
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A fresh report by the real estate brokerage Redfin shows that the housing market of the USA in general and Florida in particular is beginning to recover after poor performance of the second week of November. The sales of residential properties are already up, and in some markets, including Central Florida, Seattle (Washington), and Richmond...
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