Author: Florida Real Estate News
Florida Commercial Property Investment Group Makes Its Mark in South Florida’s Real Estate Scene Introduction A new chapter has begun in South Florida’s commercial real estate market with the launch of the Florida Commercial Property Investment Group at Re/Max Consultants Realty. This firm is poised to revolutionize how businesses engage in commercial property investment, corporate leasing, and real estate strategies in a region known for its dynamic market. A Visionary Leadership The firm is helmed by Candy Yeung, CCIM, MSRED, a highly regarded professional with extensive experience in finance and real estate development. Yeung emphasizes a comprehensive, data-driven approach to…
Aging Infrastructure and Home Affordability: Florida’s Rising Challenges Florida has long been a sought-after destination for people escaping high-tax and high-cost states. With its warm climate and vibrant lifestyle, it has attracted a diverse range of newcomers, including retirees, snowbirds, hourly workers, and increasingly young professionals priced out of competitive housing markets. According to real estate data firm Cotality, nearly 2.76 million people moved to Florida from 2021 to 2023, elevating the state to the third most populous in the nation. However, this influx has birthed pressing issues: rising home prices, diminishing affordability, and overstrained infrastructure. Affordability Crisis: What’s Happening?…
Maximize Your Real Estate Finances with Stessa Today’s insights are proudly presented by Stessa! Effortless Tracking of Your Rental Income with Stessa Managing rental property finances can be daunting. However, with Stessa, a user-friendly platform for real estate investors, you can simplify your accounting tasks and maintain organization. Here’s what Stessa offers: Automated Transaction Tracking: Link your bank accounts and property managers to get real-time insights into your finances. Bookkeeping Made Easy: Effortlessly track income and expenses per property or by your entire portfolio. On-the-Go Receipt Management: Scan and store receipts quickly to ensure you never miss a deductible expense.…
The Decline of Vacation Homes: A Market in Freefall As concerns about a housing market collapse loom, vacation homes are being offloaded at an alarming rate. Recent data reveals a striking drop in second home purchases, highlighting the complexities of today’s real estate landscape. Unprecedented Decline in Second Home Purchases The U.S. is witnessing a catastrophic decline in second home transactions: In 2024, only 86,604 mortgages for vacation homes were issued, representing a 5% decrease from the previous year and a staggering drop from 258,289 during the pandemic boom in 2021. Vacation homes accounted for just 2.6% of all U.S.…
Understanding Affordable Housing in Northeast Florida: A Deep Dive JACKSONVILLE, Fla. – Affordable housing is a term that frequently appears in discussions about the housing market, but what does it truly mean? In this article, we take a closer look at housing affordability in Northeast Florida, how it is measured, and the current market landscape. What is Affordable Housing? Housing experts define “affordable” as spending no more than 30% of your income on housing. For Jacksonville, with a median household income of $81,107, this equates to a monthly housing cost of approximately $2,027. However, many residents find that their housing…
Navigating the Housing Market in Punta Gorda: Glenn Martin’s Story Glenn Martin is currently caught in a whirlwind of emotions as he fixes up his home in Punta Gorda, Florida, with plans to sell. His anxiety stems from repeated hurricanes that have wreaked havoc on his property and the surrounding community. With a heavy heart, Martin raises concerns over the potential destruction of his hard work before he can secure a buyer. The Stormy Reality of Punta Gorda Hurricane Helene, which hit last September, left Martin’s home severely damaged, but it isn’t the first time he has faced such challenges.…
U.S. Vacation Rental Market Faces Significant Decline Amid Rising Costs As summer approaches, prospective vacationers seeking rental properties may encounter unexpected challenges this year. Recent data from real estate brokerage Redfin highlights a major downturn in the vacation rental market, prompting concerns for both owners and potential buyers. Decline in Vacation Home Ownership According to Redfin’s analysis, the number of vacation rental owners has plummeted to its lowest level since data tracking began in 2018. Key insights from the report indicate that: 86,604 mortgage applications for vacation homes were submitted in 2024—a 5% decrease from the previous year. Rising Costs…
South Florida Housing Market: Trends and Forecast for 2025-2026 Are you considering buying or selling a home in South Florida? With price predictions in mind, you’re not alone. The South Florida housing market is expected to stay robust through 2025 and 2026. While no future forecast is ever certain, signs indicate ongoing, albeit potentially moderating, price appreciation and healthy sales across Miami-Dade, Broward, and Palm Beach counties. Let’s dive deeper into what’s influencing this upbeat forecast. Why South Florida? The Allure of Living in Paradise Before we dive into the numbers, let’s explore why South Florida remains a top choice…
The Florida Housing Market: Insights and Opportunities for 2024 Is now a good time to buy or sell in Florida? The Florida housing market can be tricky to navigate, especially with its constant fluctuations. In this article, we’ll break down the key trends of 2024 and what they might mean for potential buyers and sellers. 2024: A Year of Shifting Sands The Florida real estate scene saw various adjustments in 2024. Mortgage rates remained relatively high, impacting buyer decisions and market dynamics. Here are some notable trends: Increasing Inventory: More homes were available for sale, giving buyers increased options and…
Florida’s Real Estate Market: Shifting Trends Amid Climate Concerns Focus Keyword: Florida Real Estate Market The Florida real estate market, known for its vibrant $180 billion industry, faces unprecedented challenges as more residents, like retired import and export agent Sergio Blandón, reconsider their living situations. After three years in Florida, Blandón, now 71, has decided to return to his homeland in Managua, Nicaragua, seeking relief from rising costs associated with mortgages and high home insurance. Climate Change: A New Influence A series of severe hurricanes and sizzling summer temperatures over recent years have caused the state’s idyllic reputation to wane.…