Tag: Florida Real Estate

Fla. Condos Start to See Impact of Surfside Collapse

WEST PALM BEACH, Fla. – The specter of Champlain Towers South came in an email alert this month for residents of a West Palm Beach waterside condominium. Insurance on the 12-story building across from the Lake Worth Lagoon increased 82%, requiring a special meeting to hike the budget and jack up dues. It was a…
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Where Can You Rent in Fla. for $1,500 Per Month?

SARASOTA, Fla. – Low inventory, a flourishing housing market and exponential population growth have caused rental prices in the Sunshine State to explode. Those rent leaps are causing hardship for workers and families across Florida. And they are driving some residents to leave the state even as others flock here. Florida’s median rent hit an…
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Most Popular Home Trends by State

What’s trending and where? Confused.com, a home insurance resource, took its annual look at the latest trends for homes across the U.S. In New Mexico, residents are loving Japanese home-inspired styles (like white walls and “zen” finishes) while Maine, Massachusetts and New Hampshire residents are showing more favor for Tuscan styles (with terracotta, iron finishes,…
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Top U.S. Relocation Destinations? Miami and Tampa

Homebuyer migration remained at an all-time high in April and May, with 32.3% of Redfin.com users nationwide looking to move to a different metro area, according to a new report. The percentage is unchanged from a record set in the first quarter but up from about 26% before the pandemic began. Homebuyers aren’t just chasing…
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New Laws End Roofer-Advertising Court Fight

TALLAHASSEE, Fla. – A federal judge dismissed a First Amendment fight about part of a 2021 property-insurance law aimed at curbing advertising by roofers after the Florida Legislature revamped the law last month. Chief U.S. District Judge Mark Walker dismissed the case Friday after attorneys for the plaintiffs and the state said it was moot.…
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Did the ‘Lumber Bubble’ Burst? Prices Drop 12%

Since the pandemic, lumber prices have skyrocketed to record highs during the pandemic and pushed new-home construction costs higher. But prices are now coming down. Lumber prices fell 12% last week, reaching a new low in 2022. That could be welcome news for new-home buyers and builders. Over the past year alone, the swings in…
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Increasing Number of Sellers Drop Asking Price

Price drops are increasingly common, particularly in hot migration destinations, according to a new report from Redfin. In Florida, the study found that one out of three Cape Coral sellers dropped their price this April compared to only 18.5% in April of 2021. Of the 11 Florida cities included in the study, Cape Coral topped…
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Fla.’s March Median Prices Up, Supply Tight

ORLANDO, Fla. – Florida’s housing market in March and 1Q 2022 showed the impact of rising mortgage rates, increased home prices and a shortfall of for-sale supply, with fewer closed sales compared to a year ago, according to Florida Realtors®’ latest housing data. “Buyers and sellers in Florida in March continued to see rising mortgage…
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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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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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