News Archive

Buyer demand has dropped due to rising rates, and seller supply slowed too, creating an uneasy balance. But if buyers drop or sellers expand more, it will impact prices.

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The 33109 ZIP code – Miami’s Fisher Island – is No. 4 in the U.S. for most expensive homes with a median home sales price of $5.2M.

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Study: RE investors lean toward less-expensive, single-family homes, and that’s having an outsized impact on Black communities, turning residents into renters.

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The Florida Housing Coalition expects the state’s affordable housing trust fund to have $403M in it next year – a notable increase from this year’s $360M.

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The U.S. has 49.5M rental units, and 46% are in buildings with four units or less. Of those, mom-and-pop investors own 70% – 1 out of 3 units nationwide.

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Risk insurance that covers construction damages is up 30%, and the rising cost of all types of needed insurance is causing some builders to reconsider new projects.

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Loans for single units range from $472,030, the floor, to $1,089,300, the ceiling. For four units, it’s $907,000 to over $2M – and in some non-Fla. areas, over $3M.

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