Category: Florida

Real Estate 2 states where home prices are falling because there are too many houses and not enough buyers Filip De Mott 2024-06-18T19:28:47Z Share icon An curved arrow pointing right. Share Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon LinkedIn Link icon An image of a chain link. It symobilizes a website link url. Copy Link lighning bolt icon An icon in the shape of a…

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South Florida is renowned for its beautiful weather, vibrant culture, and diverse communities, making it an attractive region for many looking to relocate. When deciding on the best cities to live in South Florida, it’s essential to consider various factors that align with personal and family needs.  This article explores the top cities in South Florida, offering insights into what makes each unique and desirable for different lifestyles. Why Choose South Florida? South Florida, encompassing the Palm Beaches through the Florida Keys, offers a unique blend of cultural vibrancy and…

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Florida house prices slashed by 1 in 4 sellers Florida homeowners are slashing the price of their properties in the hope of attracting hesitant buyers, with one in four sellers having cut their initial asking price, according to data available on Zillow. As of Friday morning, there were 224,036 properties listed for sale on the online real estate marketplace, including single- and multi-family homes, townhomes, apartments, condos and lots. Of those, 52,469 had a price reduction. [Source: Newsweek] See also:» Florida is home to the fastest-cooling housing markets in the…

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The housing market in some cities is still heating up — namely those with affordable homes. But many cities around the U.S. are now cooling down, particularly markets in Florida, a recent Redfin study found. According to the study, among the 10 cities where the real estate markets are cooling the quickest, six are on Florida’s west coast. This is due to a number of factors, including a boom in new construction, intensifying natural disasters and increasing home insurance costs, and a decrease in demand. Here’s a look at the…

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Epic rain and flooding disrupted South Florida’s luxury real estate market this week, with agents forced to delay showings and closings. “I was showing [a] house in Golden Beach, and the guy didn’t want to get his convertible Rolls Royce dirty, so he canceled,” said Nelson Gonzalez, an agent with Berkshire Hathaway HomeServices EWM Realty. They pushed the showing to Monday, Gonzalez said. Compass agents Chad Carroll and Nancy Batchelor both had showings canceled this week, and one of Carroll’s clients had their car flooded.  Seemingly endless downpours made roads…

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During the pandemic, Florida became a red-hot destination for homebuyers. Many people flocked to the Sunshine State seeking more space, warmer weather, and a perceived safer environment. The housing market surged, with prices skyrocketing and homes selling rapidly. Florida’s Housing Market However, recent data indicates that Florida’s housing market is now experiencing some of the fastest cooling in the country. According to a Redfin survey, several Florida cities are seeing an increase in housing inventory, including a significant rise in new construction. This shift is largely in response to the…

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Florida homeowners are slashing the price of their properties in the hope of attracting hesitnat buyers, with one in four sellers having cut their initial asking price, according to data available on Zillow. Read more: Tips to Help Sell Your Home for the Highest Price As of Friday morning, there were 224,036 properties listed for sale on the online real estate marketplace, including single- and multi-family homes, townhomes, apartments, condos and lots. Of those, 52,469 had a price reduction, meaning that nearly one in four (a little over 23 percent)…

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A Redfin survey found some Florida cities have increasing inventory, including new construction. Experts say it’s combatting the affordability crisis. MIAMI — Florida was a red-hot destination during the pandemic, but now, the state is home to some of the fastest-cooling housing markets in the country. Western Florida cities like North Port, Tampa and Cape Coral have seen inventory surge more than 60% over the past year, and houses are taking longer to sell, according to a new Redfin analysis. The rise in supply and drop in demand has led…

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Homeowners in some Florida cities are finding it harder to sell their homes as data shows that an increased number of listings are sitting on the market for more than 30 days. The housing market in the Sunshine State experienced a boom during the COVID years when people from other parts of the country flocked to its cities, driving a surge in home sales. But now more and more homes are sitting as mortgage rates and high prices limit buyers. Meanwhile, soaring insurance fees are also dissuading potential buyers from…

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Georgia’s housing market has been heating up in recent years, outpacing the national average. This surge is fueled by a combination of factors, including a strong job market and limited housing inventory. As a result, home prices have been steadily climbing, making Georgia an attractive market for investors and homebuyers alike. However, with this competitiveness comes a need for awareness of current trends and potential price points. This article dives into everything you need to know about the Georgia housing market, from current home values and buying strategies to future…

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Related video: Florida Property Insurance Concerns (NewsNation) — Florida was a red-hot destination during the pandemic, but now, the state is home to some of the fastest-cooling housing markets in the country. Western Florida cities like North Port, Tampa and Cape Coral have seen inventory surge more than 60% over the past year, and houses are taking longer to sell, according to a new Redfin analysis. The rise in supply and drop in demand has led roughly 40% of home sellers in those cities to slash their asking price. In…

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Home prices in the former pandemic boomtown of Austin, Texas, have slowly started to climb back in March and April, according to Redfin data, but are far from their 2022 peak, as the market is flipping in favor of buyers and the city experiences troubles with developers abandoning projects. Read more: First-Time Homebuyer Guide In April, the latest data available on Redfin, the median sale price of a home was $567,000, up 0.4 percent compared to a year earlier but down 16 percent compared to the peak of $667,000 reached…

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The Northeast Florida housing market has reached a new milestone, with the median sales price of a single-family home hitting a record high of $400,203 in May 2024 according to data from the Northeast Florida Association of Realtors. This represents a 0.3% increase from April 2024 and a 3.1% increase from May 2023. While this price increase signifies a continued seller’s market, the report from the Realtors association paints a more nuanced picture. The data suggests a potential shift in the market dynamics compared to the past few years of…

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(NewsNation) — Florida was a red-hot destination during the pandemic, but now, the state is home to some of the fastest-cooling housing markets in the country. Western Florida cities like North Port, Tampa and Cape Coral have seen inventory surge more than 60% over the past year, and houses are taking longer to sell, according to a new Redfin analysis. The rise in supply and drop in demand has led roughly 40% of home sellers in those cities to slash their asking price. In April, the median time a Florida…

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(NewsNation) — Florida was a red-hot destination during the pandemic, but now, the state is home to some of the fastest-cooling housing markets in the country. Western Florida cities like North Port, Tampa and Cape Coral have seen inventory surge more than 60% over the past year, and houses are taking longer to sell, according to a new Redfin analysis. The rise in supply and drop in demand has led roughly 40% of home sellers in those cities to slash their asking price. In April, the median time a Florida…

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