Category: Florida

Cities with the fastest-growing home prices in Florida The real estate frenzy spurred by the coronavirus pandemic continues, though at a slower pace. Buyers are still competing for a limited supply of housing, driving up prices for affordable properties. The typical home value in the United States was $359,402 in April, 4.4% higher than the year before. Increasing mortgage rates have slowed growth, with prices even declining in some places. But some areas are still seeing price jumps compared to the year before. Stacker compiled a list of cities with…

The U.S. housing market is now tilting in favor of buyers, who are pushing back against the high home prices that sellers are demanding, according to Compass cofounder and CEO Robert Reffkin. He told CNBC on Wednesday that 30% of the inventory on the market has seen a price drop, which is more than anytime in last 10 years. Meanwhile, the market has seen 16% more inventory. “It is a different environment. We are now seeing more sellers than buyers,” he said. Reffkin said there have been more price cuts…

Florida Rents Are Dropping Fast Is It Time For Investors To Look Elsewhere? A recent study from Redfin shows that year-on-year rents in some of Florida’s major cities are down significantly. Some real estate investors wonder if this is a natural correction or the beginning of a significant pullback in the Sunshine State. Redfin’s data shows that Miami and Jacksonville experienced declines in the 5% range, while rents in Orlando and Tampa retreated by 4.3% and 3.2%, respectively. Considering that all those markets have been seeing increases in rent until…

Rebecca San Juan May 25, 2024 at 5:00 AM Why homebuyers are pouring into South Florida despite record-breaking high prices Pedro Portal/[email protected] Deep-pocketed buyers came back to South Florida in April after a slowdown in residential transactions since December. Miami-Dade County had 2,342 home sales, up by 5.4% from April 2023, according to the latest monthly housing report from the Miami Association of Realtors. Broward saw even more activity — a total of 2,538 residential deals, up 6.1%. South Florida’s housing market defies even national trends. The number of single-family…

South Florida’s housing market bucked the national trend in April, new data reveals. While sales of existing homes fell nationwide last month compared to March, they picked up in South Florida even as more homes and condos were for sale. “Defying gravity” is how the chief economist of the Miami Association of Realtors described the regional housing market. “Strong job growth, elevated migration, and more cash buyers are mitigating the blow of higher mortgage rates,” said Gay Cororaton in a news release. Nationally, the existing home sales fell 1.9% month…

Gannett Ananya Tiwari, Treasure Coast Newspapers May 24, 2024 at 5:08 AM Residential Real Estate Sales on the Treasure Coast The Treasure Coast real estate market saw increased home prices in most areas April, according to state and local Realtor data. Monthly market trends also saw more homes sold and listed on the market with faster sales, compared to March. More than 3,800 homes were on the market in April, the most since June 2020 when there were 3,156 homes. Home sales increased in April, which is normal during spring…

Residential Real Estate Sales on the Treasure Coast The Treasure Coast real estate market saw increased home prices in most areas April, according to state and local Realtor data. Monthly market trends also saw more homes sold and listed on the market with faster sales, compared to March. More than 3,800 homes were on the market in April, the most since June 2020 when there were 3,156 homes. Home sales increased in April, which is normal during spring and summer. Despite high interest rates, St. Lucie County had robust home…

Florida’s housing market continues to be a hot topic and with good reason. The housing market heats up with rising sales & prices, but don’t worry – inventory’s growing too! April’s data from Florida Realtors paints a picture of a market in motion, with growth in closed sales, rising prices, and a welcome increase in available homes. It shows that the housing market in Florida continues to demonstrate robust growth. Here are the latest trends. A Rise in Closed Sales and Median Prices One of the most significant indicators of…

South Florida has the highest rate of inflation when compared to over a dozen of the largest metro areas in the U.S. The Consumer Price Index was released late last week, which showed housing costs are up more than 7% over this time last year, which begs the question: Should you be looking to buy or sell your home now?

The impossible dream? How inflation is impacting South Florida’s real estate market – CBS Miami Watch CBS News South Florida has the highest rate of inflation when compared to over a dozen of the largest metro areas in the U.S. The Consumer Price Index was released late last week, which showed housing costs are up more than 7% over this time last year, which begs the question: Should you be looking to buy or sell your home now? View CBS News In Be the first to know Get browser notifications…