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In October 2023, Palm Beach County condo sales experienced a slight dip, with 641 units closing for a total volume of $319M. This was a modest decrease from the 644 condo sales totaling $293M recorded last month....
There’s a strong influx of renter households in Florida, making it one of the highest-demand regions. Florida's renters in 2023 earn an avg of $123,400, 27% more than the US avg. New renters earn nearly one-third more than those in 2019....
Some Florida homeowners are opting to skip property insurance due to affordability concerns. Paid-off mortgage holders choose to go without insurance, citing annual savings. Insurance Information Institute reports 15%-20% of Florida homeowners are foregoing coverage, exceeding the national avg....
Some wait for lower rates; others buy now and refinance later for potential savings. The fixed purchase price and mortgage rate require careful initial decisions. Ensure a wise purchase by hiring a Buyer's Agent, paid by the seller....
Choosing the right real estate agent is crucial when buying a home. They provide expert guidance, extensive market knowledge, access to off-market listings, and skilled negotiation. To find the right agent, search for referrals, interview multiple agents, verify credentials, and assess compatibility. While using an agent is not mandatory, it offers benefits such as market expertise, access to listings,...
Houzz has released its top 10 home design trend predictions for 2024. These include blending backsplashes, timeless style, herringbone patterns, warm neutrals, blues as a prominent color, mud-laundry rooms, handmade features, appliance garages, plantings between pavers, and fluted cabinets and details. These trends aim to create visually appealing and functional spaces in homes. Continue to full...
Florida holds the second most valuable housing market in the US, surpassing NY. Factors Behind Florida's Market Surge: Population growth ↑ housing demand Single-family median: ↑2% yearly to $415K ↑New home sales Rent stable...
Build-to-rent homes have become a popular solution to the housing crisis in South Florida and the Treasure Coast, with 44,700 houses currently under construction. On November 1, 2023, a ribbon-cutting ceremony was held for The Cottages, a build-to-rent complex in Port St. Lucie. Vice President of Capstone Communities Davis Maxwell said that the build-to-rent model is a good alternative due to the high...
The median listing price in October was $599K, ↓ 0.1% yearly. Median listing price/ sq ft was ↑ 5.2% yearly. Active listing count was ↑10.8% yearly....