Category: Florida

The Florida metropolitan areas of Palm Bay and Deltona are considered at “very high” risk of housing price drops over the next 12 months, according to the latest CoreLogic Market Risk Indicator (MRI). The financial analytics company’s monthly update indicates that the metropolitan areas with what it describes as “very high” chances (above 70 percent probability) of seeing housing price cuts in the coming year are Palm Bay-Melbourne-Titusville, Florida; Atlanta-Sandy Springs-Roswell, Georgia; Spokane-Spokane Valley, Washington; Deltona-Daytona Beach-Ormond Beach, Florida; and Greenville-Anderson-Mauldin, South Carolina. While CoreLogic expects home prices’ growth at…

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Experts predict price drops in 2 (yes, 2!) Florida housing markets. Let’s find out which cities & if it’s your chance to buy. The Florida housing market has experienced a period of significant price increases in recent years, but there are signs of a shift. Miami, Pembroke Pines, Tallahassee, Naples, and West Palm Beach have seen skyrocketing home prices, turning the Sunshine State into a land of opportunity for sellers. But hold onto your hats, because forecasters predict a potential course correction on the horizon. While the national forecast suggests…

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Florida’s property insurance market seems to be improving With a potentially volatile hurricane season ready to start, the AM Best financial rating agency released a report Thursday that said Florida’s property insurance market is showing signs of improvement — but that time will tell. The report said AM Best is “cautiously optimistic” about the Florida market, in part because of an overhaul passed by lawmakers and Gov. Ron DeSantis in 2022 that included trying to shield insurers from costly lawsuits. Other factors include a decrease since September in the number…

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(NEXSTAR) – Ultra-high housing prices may soon take a dip – at least in a handful of U.S. cities. CoreLogic, a financial analytics company that tracks real estate markets around the country, expects home prices to drop in several metro areas over the next year. While home prices in the Northeast – think places like New York, New Jersey and Connecticut –continue to see substantial growth, the cities with the highest probability of a price drop are mainly in the South. The tide appears to be turning in Florida especially. Cities…

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©iStock.com In a recent article, Dave Ramsey’s website, Ramsey Solutions, reported some key findings on the housing market in Florida, with predictions on what it’ll look like for the remainder of this year. Whether you’re thinking about buying a home in the Sunshine State or you’re getting ready to sell, it’s important to be aware of these changes. That way, you can use your best judgment before making any major decisions. With that in mind, here’s what the Florida housing market looks like in 2024, according to Ramsey Solutions. Check…

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A young Cuban woman living in Las Vegas returned to the island to reunite with her family. She shared the touching moment on TikTok, where she posted a beautiful video capturing her return home. The scene, shared by @soyytalo00, shows her arriving in a car in her old neighborhood, running towards her house while being filmed by a companion. Upon entering the door, she leaps with excitement and embraces her mother, surprising everyone in the house. “Heart filled with pure love,” she wrote over the heartwarming video, which has moved…

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Cuban flair at its finest! A mother and son from Cuba have taken TikTok by storm with their vibrant dance moves, showcased in a video posted by the mother on her social media account. The pair has earned widespread applause and praise from the Cuban community on the platform. Going by the username @kenyacastillo465, this Cuban mother and son duo, residing in Florida, captivated the audience with their performance of the song ‘Salva vidas’ by El Dray, Wildey, and Dj Conds in their kitchen. “The mother has the best rhythm,”…

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The developer Latitude Group, renowned for its high-end residential projects in South Florida, has initiated the construction of “The Terraces“, an exclusive boutique condominium project in Fort Lauderdale. This luxury development will feature only 22 exquisitely designed residences, offering an unparalleled level of privacy and exclusivity. Each home is crafted with spacious floor plans, high-quality finishes, and expansive balconies with breathtaking ocean views. Amenities will include a resort-style pool with private cabanas, a state-of-the-art gym, and an outdoor yoga terrace. Carlos López, co-founder of Latitude Group, told Profile Miami: “The…

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This Friday, the three main currencies in the Cuban informal market woke up to new price drops, continuing an unprecedented streak of decline in the island’s informal sales. The dollar fell five units below the 300 pesos threshold, trading at 295 CUP, according to values recorded at 7 a.m. local time on May 31. The American currency thus moderates its sharp fall of 20 pesos within 24 hours of the previous day. Nevertheless, the rapid pace at which currencies have fallen over the past two weeks remains remarkable, with some…

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Florida reported the third-highest number of foreclosure filings in the country between January and March, according to a recent report from property and real-estate data research firm ATTOM. Read more: What Is Mortgage Refinancing? Foreclosures have been rising nationwide in the first quarter of 2024, with a total of 95,712 homes with a foreclosure filing. This is up 6 percent from the previous quarter and 22 percent, compared to a year earlier. States such as Texas and Florida have been leading this trend, suggesting that the housing markets that boomed…

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One of the primary issues facing the residents of Santiago de Cuba, and the rest of the country, is the search for food—an ordeal that often puts them at a crossroads: an empty state-run market versus a private market with unaffordable prices. The scarcity of food forces people to visit the state markets in Santiago de Cuba daily, clinging to the hope of finding more affordable products, as shown by the news portal Diario de Cuba in a video posted on Facebook. “On top of the power outages, there’s the…

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TAMPA, FL — The Florida housing market is returning to pre-pandemic normals in many parts of the state, although it is still soft in the Tampa metro, according to a report from Redfin, a digital real estate company. The Redfin Home Price Index ranks the 50 largest metros for which full data is available on how quickly demand and competition cooled from February 2023 to February 2024. It takes into account year-over-year changes in home prices, price drops, supply, pending sales, sale-to-list price ratio and the share of homes that…

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