Category: Florida
3 Markets in Florida Peninsula Face High Risk of Housing Crash – Norada Real Estate Investments
Florida’s housing market has long attracted homebuyers enamored with the state’s sunny skies and sandy beaches. However, recent data suggests that not all is smooth sailing ahead. According to the CoreLogic Market Risk Indicator, as of July 2024, three metro areas in the Florida peninsula—Palm Bay-Melbourne-Titusville, Deltona-Daytona Beach-Ormond Beach, and Gainesville—are facing a “very high” risk of housing price declines over the next year. This poses significant considerations for potential buyers and homeowners in these regions. Let’s delve into the specifics. 3 Markets in Florida Peninsula Face High Risk of Housing Crash CoreLogic…
Read MorePROFILE Exclusive: 12 Questions With Developer of ELLE Residences Robert Thorne of UNCG – PROFILE Miami
It is not every day that a globally renowned fashion and lifestyle media brand teams up with a Miami-based real estate developer to bring a world class luxury condo to the Magic City. Real estate developer Robert Thorne, CEO of Urban Network Capital Group (UNCG), recently teamed up with Elle, in partnership with Vertical Developments, to launch Elle Residences Miami, a luxury condo combining the brand’s signature Parisian influence with Miami’s vibrant culture. Robert has nearly 20 years of experience in the Florida real estate housing market in Florida, catering…
Read MoreNortheast Florida housing market reportedly showing signs of stabilization during rising interest rates – WOKV
JACKSONVILLE, Fla. — The Northeast Florida housing market is showing signs of stabilization amidst a rising interest rate environment. Although the median price of single-family homes rose 1.3% to $405,000, other indicators suggest the market has balanced out as interest rates around 7% impact buyers. >>> STREAM ACTION NEWS JAX LIVE <<< Housing inventory across the region increased by more than 31% to 7,764 homes, the highest since January 2019, providing a 4.1-month supply. Closed sales declined nearly 11% to 1,907, and pending sales fell 35% to 1,261 homes, both…
Read More