News
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NASA’s Artemis mission on sending humans to the Moon and preparing to colonize Mars is an important event in the new era of the flourishing space industry in Florida. The state’s “space coast” with launch pads attracts the attention of the whole country. Thousands of “space dream” fans recently flocked to Titusville, Florida to witness the launch...
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The billionaire Ken Griffin broke the price record in Miami by paying $106.875 million for a seaside estate. This is the highest amount ever paid for a home in Miami Dade, and records show that Griffin has broken his own record. Last year, he spent a record $75 million for a home on Star Island, an artificial island in the Biscayne Bay. Griffin’s...
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House prices in the USA are still unaffordable for many Americans. In some cities, buyers are paying premiums of up to 60%. According to a study conducted by the Florida Atlantic University and the Florida International University this year, no city in the US is more overvalued than Boise, Idaho. In this research, experts identified the difference...
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According to the analysis published last week, millions of acres of US coastal lands will be in the flood zones by the middle of the current century. This may entail huge financial losses for American communities, as developed grounds will be rendered uninhabitable. The non-profit organization Climate Central conducted a unique study of the rising...
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According to Cushman & Wakefield (USA), $5 billion was invested in South Florida multi-family houses over the first half of the current year. This is the second best performance throughout the state’s history, second only to the second half of the previous year, when $5.7 billion was invested. The rental demand in South Florida is showing...
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Florida homeowners will pay higher bills as the state’s property insurance crisis continues. Several insurance companies have already left the local market despite the special legislative session aimed at satisfying the needs of entrepreneurs and homeowners. Now Sunshine State residents are footing the bills for the companies leaving Florida. In...
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Over the past year, the demand for upscale real estate near Sarasota surged rapidly. In 2022, however, the consumer demand somewhat slumped. According to some experts, upscale properties all over the state are taking longer to sell and receiving fewer offers than last year. “We are now observing market normalization,” says Peter Laughlin,...
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The value of residential property in Florida has surged rapidly over the past few years. Some of the reasons were high rent, inflation, insurance companies leaving the local market, and the property insurance crisis. Mark Rosener, President of the Northeast Florida Association of Realtors, declares that the situation may become better in the...
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Empira Group, a Swiss developer, entered the South Florida real estate market. According to its press release, the development company intends to build the 8-story CoralGrove Brickell building on a half-acre plot at 3025 and 3051 Southwest Third Avenue. To this end, it purchased The Roads, a multi-family residential complex, for $9 million...
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According to a study by WalletHub, a Washington online platform, Port St. Lucie became one of the best places in which to purchase residential property this year. The city ranked 15th in the rating. The Best Real Estate Markets rating compared 300 cities by a 100-point score taking into account 17 economic and real estate factors, including...
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