The best overall state rankings. Where does Florida rank?

Each year, U.S. News & World Report conducts a survey of residents from each state to determine where states rank overall compared to one another. State rankings are determined based on the average of three years of data from an annual survey that asked 70,000 people to rank their state in the following eight categories… Continue reading The best overall state rankings. Where does Florida rank?

Which city is the top destination for snowbirds?

It is no secret that Florida has been a highly desirable location for snowbirds for many decades now. As a whole, millions of Americans and Canadians migrate south to warmer southern states during the brutally cold winter months up north. For South Florida specifically, many Americans from northern states such as New York and New… Continue reading Which city is the top destination for snowbirds?

Is home remodeling exacerbating the inventory shortage?

The pandemic and corresponding lock downs have resulted in many homeowners reassessing their homes and looking to make improvements. Add in some budget savings due to not traveling or dining out as often and suddenly there may even be additional funds to finance any home improvement projects. In fact, spending on home improvement and repairs… Continue reading Is home remodeling exacerbating the inventory shortage?

Will the housing market crash in 2021?

With the recent rise in home prices combined with the insatiable buyer demand, it is not uncommon for clients to ask: “Is a housing collapse possible in 2021?” Of course, with surging prices, tight inventories, & a backlog of new home construction, you can see why this question has come up. The short answer is… Continue reading Will the housing market crash in 2021?

A shift back to condos in South Florida?

It was not too long ago when Americans were fleeing multi-family housing across the nation. Instead they were in search of single-family homes in the suburbs that offered more space that was conducive to social distancing. Although the single-family home market is still extremely strong, more people are once again entering the South Florida condo… Continue reading A shift back to condos in South Florida?

Home buyer and seller generational trends

The National Association of Realtors® (NAR) recently released its 2021 “Home Buyer and Seller Generational Trends” report. While many may believe that this information is simply for those that are either in the real estate business or just curious, it is actually important data for sellers and real estate investors as a whole. The results… Continue reading Home buyer and seller generational trends

Thinking about new construction? Beware of rising prices

Did you know? The National Association of Home Builders says rising lumber prices alone have added $24,000 to the cost of building the average single-family home and about $9,000 per apartment. After land and labor, lumber is one of the biggest costs in home building. With this said, lumber has never been more expensive at… Continue reading Thinking about new construction? Beware of rising prices