Most expensive housing: 3 South FL cities make the list

Florida is home to 4 of the most expensive real estate markets.

As you know, the price of everything has gone up recently with no end in sight. This certainly includes real estate as well. A recent analysis looked at the number of million-dollar cities across the country. By definition, a million-dollar city is a town with a typical home value of $1 million or more. A decade… Continue reading Most expensive housing: 3 South FL cities make the list

U.S. Homeownership rate

The U.S. homeownership rate remained relatively unchanged in 2021.

With many homes listed for sale across the country ultimately selling in bidding wars, the U.S. home ownership rate must be at an all-time high, correct? Not so fast… Did you know? The U.S. Census Bureau recently announced that the U.S. home ownership rate essentially remained unchanged throughout 2021. In fact, the home ownership rate… Continue reading U.S. Homeownership rate

Cash is king in any real estate market

Cash buyers are becoming more common in this real estate market.

In many real estate markets throughout the country, bidding wars have not only increased in popularity but they have even become the norm. In markets such as South Florida, it has become increasingly difficult to compete in the home buying market if you are not a cash buyer. With many Americans opting to leave states… Continue reading Cash is king in any real estate market

Home security systems offer benefits beyond safety

A home security system can add not only safety, but also value.

As technology continues to advance, more people are opting to incorporate smart devices in their homes. A nice feature of these smart devices is the ability to have various devices connected to them. Some examples of this are security systems, including surveillance cameras. While personal safety is the primary motive to incorporate a security system… Continue reading Home security systems offer benefits beyond safety

Supply issues are increasing construction costs

Increased costs and supply chain issues bring challenges to the new home construction market.

The significant shortage in inventory of homes for sale has resulted in an even larger dependence on new home construction. According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), builder sentiment continued to slip in the month of February despite strong buyer demand. Ongoing building materials delays and shortages is… Continue reading Supply issues are increasing construction costs

Florida property tax tips

Florida homeowners should make sure to take advantage of various property tax programs.

The lack of a state income tax combined with the tropical climate and of course, freedom, have made The Sunshine State arguably the most popular state in the country. Whether it is simply as a vacation getaway or an ultimate relocation destination, Florida has posted historic numbers of visitors over the past year. For those… Continue reading Florida property tax tips

Single-family home rent growth tripled year-over-year

Single-family home rents are on the rise.

The latest reports indicate that inflation is currently at a whopping 7.5%. This is a 40-year high and thus is presenting significant challenges for many Americans. Over the past year, one area of the economy that was certainly not spared from inflationary impacts is the single-family home rental market. According to the Corelogic Single-Family Rent… Continue reading Single-family home rent growth tripled year-over-year

Increased boat sales = increased waterfront home demand

The increased popularity of boating is driving up waterfront property demand.

The pandemic has certainly resulted in new trends. From the return of QR codes to the increase in remote working environments, we have seen many shifts take place. As more Americans have sought out activities that promote social distancing, boating and water sports as a whole have become one of the most popular activities. As… Continue reading Increased boat sales = increased waterfront home demand

Pandemic migration to Florida

New Florida driver's license registrations confirm migratory patterns.

Florida has long been a destination for both American and foreign buyers. Dating back to the early 1900’s, The Sunshine State attracted many newcomers due to the citrus and land boom. Fast forward to the present pandemic times and we are seeing a deluge of newcomers, including businesses as well. Throughout history, many of these… Continue reading Pandemic migration to Florida