News
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Visit Florida launched a promo campaign with the initial cost of around $2.7 million to tell potential tourists about the parts of the state not affected by Hurricane Ian. The campaign is deployed on digital platforms and social media until late October and includes fresh footage of 14 parts of the state (Miami, St. Augustine, Tallahassee,...
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Study: Jacksonville rentals rose by only 3.6% year-on-year in July, but it increased by 17.8% in three South Florida counties. Nationwide rentals grew by 13.5% year-on-year. According to a Redfin report, the “asking rent” of US landlords rose by 14% year-on-year in July, up to $2,032, which is the smallest annual increase since November and lower...
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Instead of buying a house on wheels and renting land, the Zephyrhills developer rents both at the same price of about $1,750 per month for a three-bedroom and two-bathroom home. Florida continues to struggle with a crisis of affordable housing and ERC Communities Inc. believes modular homes can solve the problem. According to ERC Communities,...
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The Fixr Home Design Report 2022 surveyed 47 house designers, with 98% citing natural lighting as the preferred home feature of their clients, followed by home offices (96%) and usable open spaces (92%). Experts believe that natural lighting matches the homeowners’ desire for more energy-efficient thermal insulation (86%) and air conditioning...
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Research shows that rent control is a short-term solution that creates long-term problems. Florida Realtors filed a lawsuit against Orange County to block the corresponding offer. Florida needs more rental units in many cities. The problem was caused by a number of factors, including the large influx of new residents during the pandemic and the...
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This July, housing prices in Orlando fell for the first time in six months and the supply rose again, as a survey revealed that nearly three out of four Central Florida estate agents believed the market was cooling. According to the monthly housing report of the Orlando Regional REALTOR® Association (ORRA), the average housing price in the Orlando...
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Many tenants are still deceived by fraudsters who rent houses they do not even own. Isaac Aviles thought he had found a bargain to rent a house in Orlando: a three-bedroom house with two bathrooms in Meadow Woods for $1,200 a month. 19-year-old Aviles did not meet with the landlord, the transaction was made over the phone. He made a deposit of...
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C. Brown, English teacher at a secondary school, rents a one-bedroom apartment 10 km away from her workplace in downtown Miami. This costs her $1,370 per month, i.e. about a half of her salary. She shares the only bedroom with her teenage son, but the woman is still grateful. She says people signing new rental contracts in the same residential...
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This summer, the average value of housing in South Florida started to lower. This trend became another sign of the local market’s recovering the balance after an unprecedented growth. Although the real estate market will remain strong and favoring sellers, it is still continuously changing. Buyers are seeing more options, as the supply grew by...
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As the roaring demand in the residential property market is coming to an end, some homeowners are beginning to opt for rent, not sale. The growing interest rates on mortgage loans and the reducing customer demand force homeowners to lower the prices or look for tenants. Sellers are beginning to realize that it could take years for prices to level...
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