One of the biggest challenges in the housing market in recent years has been a low inventory of homes for sale. Although buyer demand has surged, the number of new listings and new home construction has not been able to keep up. Fast forward to mid-2022 and we began to see buyer demand substantially slow… Continue reading Higher Rates Are Keeping More Sellers From Listing
Florida’s insurance market has been in a meltdown mode for several years now and this is prior to last week’s historic landfall on southwest Florida from Hurricane Ian. Unfortunately, the category-4 storm packed 155-mph winds and brought upon a record storm surge. What many may not realize is that six insurers have been declared insolvent… Continue reading The Future Of Florida Property Insurance
There is no doubt that the current economic climate has brought upon many challenges for homebuyers. Of course, perhaps no group has been met with more challenges than first-time homebuyers. In addition to high home prices and a tight inventory, these buyers are also contending with mortgage interest rates that are double where they were… Continue reading Good News For First-Time Homebuyers
Finding a great home in the current housing market can be challenging, particularly given the tight inventory seen across the country. Add in a family and this challenge becomes even more difficult. Nowadays, it is common for a family home to require two office spaces for both parents working remotely while also providing good school… Continue reading The Most Family-Friendly City In Florida
If you have been house hunting over the past few years, then there is no doubt that you have likely experienced some frustration. Whether it is the lack of inventory of homes for sale or losing out to other buyers in bidding wars, it has been quite a challenging market for home buyers. With this… Continue reading A Buyer’s Market In 2023?
Post-career goals vary for many Americans. Whether retirement means moving closer to the grandchildren, playing more golf, or simply relaxing on a beach somewhere, many Americans have a plan of how they would like to spend their retirement years. Of course, in South Florida we are quite familiar with retirees opting to change their latitudes… Continue reading What Is The Best State To Retire In?
The desire for more space both inside and outside the home has increased for many Americans since the beginning of the pandemic. In addition to this additional space, most Americans also desire to have their personal freedoms. It is largely due to this desire for freedom from restrictive mandates that many Americans have relocated to… Continue reading How Does Florida Compare For Average Lot Sizes?
The COVID-19 pandemic has certainly changed many aspects of life. From the way business is conducted virtually in many circumstances to the liberal use of hand sanitizer by many Americans, our lives have changed in more than just a few ways. The housing market is certainly no different. In fact, it is largely expected that… Continue reading Post-Pandemic Real Estate Trends
Home ownership is still considered to be “The American Dream”. With this said, it is typically the largest financial investment in the lives of most Americans. With this said, it is surprising that many home buyers and sellers opt to not hire a real estate attorney as part of their transactions. If you have ever… Continue reading Reasons To Hire A Real Estate Attorney
With both home prices and mortgage rates rising at a rapid pace recently, more Americans are opting to rent instead. Not surprisingly, this increased demand for rental housing is also driving up rental prices. As of August 2022, asking rents in the U.S. rose to record highs. With this said, the rate of rent growth… Continue reading Rising Rents: How Does Florida Compare?