News
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This summer, prices of residential property peaked in more than two dozen US states. Now the prices are gradually beginning to decline but this trend does not include South Florida at the moment. A July review of house prices conducted by the Florida Atlantic University and the Florida International University shows that many cities where the...
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According to a recent study by Moody’s Analytics, a subsidiary of Moody’s (New York), the financial and tech sector in Miami Dade County keeps expanding. This has led to considerable development and extension of the office property market in this region, particularly during the COVID-19 pandemic. Experts believe that Miami now stands a good chance...
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Many tenants are still deceived by fraudsters who rent houses that they do not even own. Isaac Aviles thought he’d 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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Housing prices in Orlando fell for the first time in six months in July, and inventories rose again as a survey revealed that nearly three out of four Central Florida estate agents believe the market is cooling. According to the monthly housing report of the Orlando Regional Association of Realtors (ORRA), the average housing price in the Orlando...
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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 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 rising cost of...
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The Fixr Home Design Report 2022 surveyed 47 house designers, with 98% citing natural lighting as their preferred home feature, followed by home offices (96%) and usable open spaces (92%). Experts believe that natural lighting coincided with homeowners' desire for more energy-efficient thermal insulation (86%) and air conditioning systems (75%)...
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Instead of buying a house on wheels and renting land, the Zephyrhills developer rents both at the same price - about $1,750 a month for a three bedroom and two bathrooms. Florida continues to experience an affordable housing crisis, and ERC Communities Inc. believes modular homes can solve the problem. According to ERC Communities, modular homes...
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Research: Jacksonville rents rose by only 3.6% year on year in July, but by 17.8% in three South Florida counties. Across the country, rents rose by 13.5 per cent year on year. According to a Redfin report, the "asking rent" of US landlords rose by 14% year on year to $2,032 in July, which is the smallest annual increase since November and lower...
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Many buyers of American real estate saw high returns from 2019 to 2021. Those who invested in residential properties in ten cities featured in a rating by Redfin, four of them in Florida, achieved the most impressive performance. Buyers’ returns grew by 6.8% nationwide, hovering around 17% in these cities. Boise, Idaho, was at the top of the list....
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Trinsic Residential Group may build a residential project near the 4-star Westin Fort Lauderdale Hotel. On August 9, the city’s Development Review Committee will consider the plans for this project. The building may be located on a 6.8-acre land plot at 400 Corporate Drive. Representatives of the Dallas-based Trinsic Residential Group shared that...
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