Author: Florida Real Estate News
Florida Housing Market Update: Trends and Insights Build-to-Rent Homes Surge The build-to-rent segment in Florida’s housing market is experiencing an unprecedented boom. In 2024, a record-breaking 5,379 new single-family rental homes were completed, representing a 304.7% increase in inventory over the past five years, as highlighted by data from Point2Homes. This model focuses on properties designed specifically for renting, rather than for sale, catering to a growing demand for long-term rental options. Key Highlights: Record inventory growth: 5,379 rentals completed in 2024. 304.7% increase in build-to-rent homes over five years. Buyers on Strike as Inventory Grows Despite the surge in…
Is Florida Housing Market Shifting? Analyzing the Record Inventory As the Sunshine State experiences a significant surge in housing inventory, many are left to speculate on the implications for buyers and sellers alike. Is this trend merely a fleeting moment or a precursor to a more prolonged shift in the Florida housing landscape? Florida Housing Market: Record Supply Signals Change for Buyers The Data Speaks: Inventory on the Rise Recent statistics from Redfin reveal that Florida concluded January 2025 with 172,209 homes for sale. This marks a 22.7% increase from the previous year, establishing the highest inventory level since records…
The Evolving Luxury Real Estate Market of 30A: Insights from Expert Stacey Wright The 30A real estate market is renowned for its stunning coastal properties along Northwest Florida’s scenic Highway 30A. With its rich tapestry of luxury homes, the area continues to attract high-net-worth buyers eager to invest in this picturesque destination. Meet Stacey Wright: A Leader in 30A Luxury Real Estate Stacey Wright has rapidly established herself as a preeminent luxury real estate advisor at Compass, facilitating over $80 million in transactions in 2024 alone. Her in-depth knowledge of high-end properties, particularly in Rosemary Beach, Watersound, and Alys Beach,…
Why Hiring a Property Manager for Your Orlando Rental Property is Essential Managing a rental property can be a fulfilling venture, but it comes with a unique set of challenges. Engaging a professional Property Manager can help streamline operations and maximize your investment. Below are several compelling reasons to consider hiring a Property Manager for your rental property in Orlando. Professional Expertise Knowledge of Local Market and Regulations Professional property management companies in Orlando bring a wealth of experience. Their Property Managers are well-versed in: Local laws and regulations: Understanding the legal landscape helps in maintaining compliance. Market trends: This…
Florida Housing Market Declines Rapidly as Sellers Slash Prices Amid Cooling Demand The Florida housing market, once a red-hot hotspot during the pandemic surge, is now experiencing a swift downturn. Sellers are offering significant price reductions to attract hesitant buyers, signaling a rapid market shift. This correction follows years of surging demand and escalating prices fueled by remote work trends and increased migration to the Sunshine State. Dramatic Price Drops Highlight Florida’s Market Slowdown Real estate analyst Nick Gerli, CEO of Reventure, highlights the stark example of a Saint Petersburg home that epitomizes the broader market shift. Purchased by an…
Understanding Home Appraisals in Florida’s Real Estate Market In Florida, approximately 40% of all home purchases are made in cash, while the remaining 60% rely on financing. For buyers using financing, the lender’s assessment of the property—known as an appraisal—becomes crucial. This evaluation not only helps determine the property’s market value but also safeguards the lender’s investment. How Lenders Utilize Appraisals An appraisal serves as a key factor in the financing process for home purchases. Here’s how lenders use appraisals: Risk Management: Lenders assess whether the property’s appraised value justifies the loan amount. Decision-Making: If the appraisal falls short of…
Analyzing the One Big Beautiful Bill: Impacts on Florida Real Estate As discussions surrounding the recently passed One Big Beautiful Bill unfold, many in the real estate sector are eager to understand its implications, especially for the struggling market in Southwest Florida. While some details may still change as the Senate reviews the bill, it’s crucial to explore key provisions that could affect the housing landscape. Key Provisions of the One Big Beautiful Bill Understanding the provisions of this bill can provide valuable insights into its potential effects on the real estate market: Stable Individual Tax Rates: Keeping individual tax…
The Real Costs of Owning a Home in Florida: Insurance, HOA, and Taxes Explained Owning a home in Florida is synonymous with enjoying beautiful weather and vibrant communities. However, potential homeowners should be aware that the costs extend well beyond the monthly mortgage. Understanding homeowners insurance, HOA fees, and property taxes is crucial for effective financial planning and ensuring that homeownership aligns with your lifestyle and budget. Comprehensive Costs to Consider When Owning a Home in Florida Before diving into homeownership in Florida, it’s essential to consider all associated financial responsibilities. Key expenses include homeowners insurance, HOA fees, and property…
Discover the Luxury of Mandarin Oriental Residences in Miami Miami’s luxury real estate landscape is rapidly evolving as affluent investors seek exceptional branded residences that offer both prestige and long-term value. Mandarin Oriental Residences in Brickell present a unique opportunity to invest in a sought-after segment of the market, backed by a renowned luxury brand known worldwide for its commitment to excellence. Why Invest in Branded Residences Like Mandarin Oriental? Branded residences such as Mandarin Oriental combine high-end living with superior investment potential, attracting discerning buyers who value exclusivity. Here’s why these residences are gaining traction: Stronger Resale Value: Properties…
Major Light Industrial Portfolio Sale Near Miami International Airport Miami, FL – JLL Capital Markets has successfully facilitated the sale of the Airport Trade Center, a prominent 371,976-square-foot light industrial portfolio situated adjacent to Miami International Airport. This transaction highlights the ongoing demand for industrial space in the dynamic South Florida market. Strategic Location Enhances Value The Airport Trade Center spans a 13.8-acre site and comprises three cross-dock buildings designed for efficiency. Its prime location offers: Proximity to Miami International Airport, the largest economic hub in the region. Central access to densely populated areas within Miami-Dade County. Connectivity to major…