News
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In the ratings of the best places to live in the United States, the cities of Florida invariably appear. In addition, Florida tops the list of the best states for retirement. When moving to the “sunny state” it is worth considering the size of the main expenses for local residents. The average house price in Florida as of May 2023 is $410,000....
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The US real estate market has slowed down over the past few months. However, in Florida, the situation remains stable. In many parts of the country, the real estate market is in decline. So, according to the National Association of Realtors, in April 2023, the cost of second homes fell by 1.7%, which was the sharpest annual drop in more than 10...
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Recently, Edgewater in South Florida, located on the picturesque shore of Biscayne Bay, has become increasingly popular. There are beautiful views of the bay, a diverse culture and a thriving housing market. What else attracts property buyers to this area? Edgewater, conveniently located on the eastern outskirts of Miami, offers real estate of any...
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US financial companies are shifting to the south of the country, which provokes a boom in office space rental in Florida. This trend began to be traced after the pandemic, and today it is even stronger. So, the newest 55-storey skyscraper 830 Brickell in Miami with offices is still under construction. At the same time, it is already filled with...
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The Ritz-Carlton residences at Palm Beach Gardens in Florida are receiving a $340 million construction loan for 2025. This became a record for issuing the largest construction loan in the state after the interest rate increase. On an area of 4.5 hectares, towering over the coastal waterway of Palm Beach Gardens, the newest luxury condominiums of...
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At the moment, the average rate on a fixed mortgage for 30 years has fallen to 6.35% compared to 6.39% a week earlier. The average long-term mortgage rate in the United States fell again this week to the smallest level in the past five weeks. The current recession is a long-awaited deviation from the rapid increase in 2022, experts say. Meanwhile,...
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In Q1 2023, about 10,000 New Yorkers moved to Florida. Experts note that this trend will continue. According to the National Association of Realtors, in 2022, Florida saw the largest influx of new residents migrating mainly from states with high taxes. In 2023, the flow of migrants is not abating. Experts explain this by the fact that home buyers...
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In South Florida, developers are actively buying up existing office space that is no longer relevant to large employers in the region. Office spaces are being planned or are already being turned into elite residential premises. The renovation of office buildings is in stark contrast to the trend that has defined the South Florida market over the...
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During the conference in Sarasota, the heads of real estate agencies discussed the situation in domestic markets and trends in this industry. Experts noted that buyers have been increasingly attracted to the Gulf Coast in southwest Florida. In Florida, there is periodically a shortage of supply due to high demand. However, the state remains a “hot...
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Experts have named 7 cities in Florida where you can buy real estate at relatively affordable prices. A house in each of these places can be purchased for less than $380,000. Fort Lauderdale. The city is ranked 5th among the best places to retire in the United States and is called one of the 100 best places to live in general. It is known for its...
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