Tag: News

NE Fla. Home Prices Dip After Months of Increases

he Northeast Florida Association of Realtors (NEFAR) says single-family home sales in June showed the first signs of stabilizing following constant monthly increases for more than a year. Reasons for the slowing sales? Inflation and rising mortgage rates. Putnam, Clay and Baker counties saw median home prices increase, while they declined by $28,050 in St.…
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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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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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After You Sell Your House, Make Sure You Do These 10 Things

1. Keep copies of all paperwork related to the closing and settlement after you sell your house Although it might be tempting to shred the paperwork or put it in storage, you’ll want to have it handy for April 15. When you file your taxes, you’ll need documentation for the expenses and proceeds of the…
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How Many Homes Go to Investors? About 18%

SEATTLE – Almost 1 in 5 U.S. homebuyers in the third quarter were investors rather than homesteaders, according to an analysis by Redfin economists. That percentage of investor buyers is an increase from 16.1% in the second quarter and 11.2% in 2020’s third quarter. That means investors bought a record 90,215 homes in the third…
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Buying a Home in Your 30s? Here’s Everything You Need To Know

If you’re in your 30s and thinking about buying your first home or upgrading to a larger house, here are crucial things to consider to make your homebuying dreams a reality. Is it the right time for you to buy? The best time to buy a home depends on two personal and crucial questions. “First,…
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UF: Floridians’ Consumer Confidence Down for Third Month

GAINESVILLE, Fla. – Consumer sentiment among Floridians dropped for a third consecutive month in October to 71.3, down 3.6 points from a revised figure of 74.9 in September. It’s also down 5 points from a pandemic low recorded in April 2020. All five components that make up the index declined. Current conditions: Floridians’ opinions about…
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Those Falling Lumber Prices? They’re Going Back Up

High lumber prices are returning, and homebuyers should brace themselves for its impact. Lumber prices can affect not only the cost of a new home, but also many remodels, such as decks and flooring. After peaking in the spring, lumber prices had been falling this summer, but that respite appears short-lived. In August, lumber prices…
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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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