South Florida's housing market is extremely competitive, prompting many to reconsider whether to rent or buy. High school sweethearts Justin Westerfeld and Daniella Gainza are struggling to find a home within their $450,000 budget, facing limited options and rising costs. Real estate analyst Ana Bozovic notes a significant drop in available homes and a sharp increase in median prices, with single-family homes now averaging $660,000. She advises that those planning to stay long-term should buy, as the market continues to rise with low inventory and high demand.
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