Category: Florida

Is the Florida & Texas housing boom ending? Experts predict a market correction, with potential price drops. It has been approximately two years since mortgage rates surged, causing a slowdown in the previously bustling housing market. Despite a significant drop in sales, home prices have continued to rise across the nation, making housing affordability worse than it has been in decades. Recently, however, housing experts have been predicting that the balance of supply and demand might be catching up with the market. Some foresee a correction or even a crash. Technical Traders strategist Chris Vermeulen notes that…

Read More

Read More

Read More

Art Wager / iStock.com People are flocking to the ‘Sunshine State,’ driving up the price of real estate in many popular towns. Once a relatively affordable place to enjoy abundant sunshine and warm temperatures year-round, property values have risen significantly in recent years. Check Out: Why Many Regret Moving to Florida Post-Pandemic Learn More: Become a Real Estate Investor for Just $1K Using This Bezos-Backed Startup For example, the average Florida home value is currently $399,944, compared with $249,725 in January 2020, according to Zillow. Desiree Avila, a board-certified realtor…

Read More

Expensive insurance costs, high prices and elevated mortgage rates are cooling the housing market in three states—Texas, Florida and Louisiana—with properties in those areas taking longer to sell, according to Realtor.com, offering fresh opportunities for buyers. Analysts, however, also warn that it may take buyers longer to later resell those properties. Read more: Tips to Help Sell Your Home for the Highest Price Of the 20 regions in the country that the real estate platform has deemed to currently have “cold” markets, 15 of them come from states situated near…

Read More

After more than a year of Atlanta dominating the list of most overvalued housing markets, Detroit is now the most overpriced market in the United States, according to researchers at Florida Atlantic University and Florida International University. .fau-share__wrapper { display:table-cell;margin: 0; } .addthis_sharing_toolbox { text-align: right;margin-top: -5px; } @media screen and (max-width: 768px) { .addthis_sharing_toolbox { margin-top: 10px; } } After more than a year of Atlanta dominating the list of most overvalued housing markets, Detroit is now the most overpriced market in the United States, according to researchers at…

Read More

Gannett Gianna Montesano, Treasure Coast Newspapers July 1, 2024 at 5:04 AM The Treasure Coast real estate market in May saw more homes listed, more homes sold, a stagnant or decreased median sale price and longer to get a signed contract compared to April, according to local Realtor data. Active listings totaled 3,915 in May, surpassing early COVID pandemic numbers that peaked at 4,293 in March 2020, according to TCPalm data beginning in January 2020. “The market continues to be an opportunistic market for both buyers and sellers. Inventory continues…

Read More

If you’re looking to invest in Florida Real Estate, new data shows Miami is still the number one spot in Florida. The information compiled by lending company Hard Money Lenders IO identified the most sought-after Florida cities by real estate investors, ranking Miami as the top choice and Gainesville as the least preferred. Miami took first place with 2700 monthly searches, followed by Tampa with 1850 and Orlando with 1180. Sarasota ranks 5th with 540 searches despite being 18th in population Cape Coral and Melbourne also show significant interest, with…

Read More

‘Mansion Global’ host Katrina Campins discusses the state of the housing market on ‘Making Money.’ An affordability crisis has forced many would-be homebuyers out of the U.S. housing market, as steep mortgage rates and limited supply continue to push prices higher. But buyers may find relief in certain parts of the country, where growing inventory has led to a drop in prices, according to a new report published by Realtor.com. Known as “cold” housing markets, these are places where houses may be listed for more than a year – leading…

Read More

Read More

Read More

Thirteen out of the 15 housing markets at the highest risk of a home price correction in the coming months, according to a recent Parcl Labs study, are in Florida, where new inventory has been flooding in. Read more: How to Calculate How Much House You Can Afford The Parcl Labs’ team, which delivers real-time housing market data, analytics and research, analyzed around 1,000 U.S. housing markets to identify early signs of market stress that could lead to price drops. It found that there’s “trouble” ahead for the Sunshine State,…

Read More

It’s July, which means the beginning of a new budget and fiscal year for the state government. That also means several new laws go into effect in the Sunshine State, especially in the real estate industry. There’s a slew of new laws and regulations impacting the real estate market and management of properties in Florida. The range of new rules include the replacement of old coastal buildings, regulation on vacation rental properties, investment in conservation lands, limitations on a state property insurance organization, building permit approval and temperature controls in…

Read More

Read More

Adrian Volenik June 26, 2024 at 1:17 PM According to the CEO and founder of real estate analytics firm Reventure Consulting, the Florida housing market is undergoing some big changes, resulting in housing inventory tripling in some places. This housing market downturn in Florida is getting crazy. There’s ZIP codes where inventory has nearly tripled from its level last year. Like this one north of Tampa, in Port Richey. 248% growth in listings YoY. That’s the sign of a major selloff. And indicates prices are… pic.twitter.com/sYQl77RVY4 — Nick Gerli (@nickgerli1)…

Read More

Wirestock / Getty Images The Sunshine State provides a wealth of opportunities for real estate investors wanting to grow their financial portfolios. However, as with any acquisition, maximizing the return on your real estate investments requires careful research and insight from professionals who know the market. While Florida is home to picturesque scenery and a leisurely lifestyle, not all urban areas are headed for economic growth. That’s why GOBankingRates spoke to Florida real estate investors, developers and experts who have their eyes on the market day in and day out,…

Read More