Latest Real Estate News

U.S. News & World Report: Fla. Has 8 of Top 10 ‘Best Retirement’ Metros

NAPLES, Fla. – It may be getting more expensive to live, but Southwest Florida remains at the top of the “Best Places to Retire” in the country, based on the latest research by U.S. News & World Report. The state’s metros led the way in the annual findings released this morning by the magazine, with…
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Fla. Builders Investing Heavily in New Single-Family Construction

ORLANDO, Fla. – Building permits reflect future growth, and U.S. contractors appear to be betting heavily on the Sunshine State. A study of government numbers compiled by Omnis Panels compared 2021 building permits for the first half of the year, through June, and compared them to building permits issued for the same timeframe one year…
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Construction on New Homes Slows as Supply-Chain Woes Hit the Housing Market

U.S. home builders started construction on homes at a seasonally-adjusted annual rate of 1.56 million in September, representing a 1.6% decrease from the previous month, the U.S. Census Bureau reported Tuesday. Compared with September 2020, housing starts were up 7.4%. The pace of permitting for new housing units also dropped in September. Permitting for new…
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Lawmakers Consider Changes to Fla. Law After Surfside Tragedy

TALLAHASSEE, Fla. – In the aftermath of the collapse of Champlain Towers South in Surfside, Florida, state lawmakers and other stakeholders looked closely at existing laws and asked what could be done to avert a similar tragedy going forward. The building collapse killed 98 residents on June 24, 2021. In response, the Florida Bar created…
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‘Sell and Rent’ Trend Emerges Amid Hot Market

STUART, Fla. – Florida’s unprecedented real estate market has increased single-family home prices this year as mostly out-of-state buyers clinch properties in high demand but low supply. As of June 30, houses statewide were selling for about 21.8% above their long-term pricing trend, according to researchers at Florida Atlantic University and Florida International University. The…
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Condo Prices Are on the Rise in Florida

SANTA CLARA, Fla. – Priced out of the single-family market, more buyers are now turning their attention toward often a more affordable alternative – condominiums and townhouses. Over the past year, sales have rapidly been on the rise, whether for a permanent residence or even as a second home. Twice as many condos sold in…
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Miami nips at NY for title of most expensive housing market

Miami’s housing market has been one of the hottest since the start of the pandemic, as buyers from around the country have descended on the city for added space and warm weather in the WFH world. Strong demand for condos and single-family homes and dwindling supply pushed prices higher, and now Miami has overtaken Los…
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Fla.’s Housing Market: Median Prices, New Listings Up in August

ORLANDO, Fla. – Florida’s housing market reported higher median prices, more new listings and a rise in all-cash sales in August compared to a year ago, according to Florida Realtors® latest housing data. “The data shows that new listings continue to increase, which is hopeful news for buyers who may have been waiting to see…
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Homebuilder sentiment rose in September, ending three-month decline

Optimism among builders that new single-family homes will sell rose in September after declining for three months as lumber prices fell and buyers clamored for places to live. The Housing Market Index from the National Association of Home Builders and Wells Fargo inched up one point to a seasonally adjusted 76. A reading above 50…
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Seniors might be tickled pink. Miami Beach affordable housing project is just for them.

An affordable housing project is coming to Miami Beach’s Normandy Isles Historic District, catering exclusively to seniors. The pinkish-and-white-themed Heron, a 4-story development, is slated for 1158 Marseille Drive, according to an application submitted to the City of Miami Beach Design Review Board by the Housing Authority of the City of Miami Beach. The housing…
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