Opposite of the national trend, South Florida is still considered to be in a ‘seller’s market’

South Florida – Miami Skyline – Courtesy: Shutterstock – Image by Don Donelson According to a survey released on Tuesday by the Miami Association of Realtors, Miami’s real estate market is bucking the national slowdown thanks to cash purchasers, a shortage of available properties, and its appeal to foreign buyers. In Miami-Dade County, pending house

Bombshell in Florida real estate could destroy several wallets

Florida Real Estate – Area of Surfside Building Collapse, Surfside, FL – Courtesy: Shutterstock — Kristi Blokhin In response to the fatal collapse of the 12-story Champlain Towers South in Surfside, Florida, Governor Ron DeSantis signed legislation requiring emergency reserve funds for condominiums statewide in May of last year. Some real estate market experts have

Here’s why this coastal Florida city is one of the best places in the United States to relocate

Naples, FL – Courtesy: Shutterstock – Image by Andriy Blokhin Naples has long been a favorite destination for tourists and second-home purchasers looking for a lively, amiable setting to unwind in the Sunshine State. This Gulf of Mexico city is well-known for its heavenly white-sand beaches and top-notch golf courses, but it is also quickly

According to study, Florida residents must work this many hours per week to afford housing

Neighborhood in Florida with Palm Trees – Courtesy: Shutterstock – Image by scarp577 A recent study provides some insight into how unaffordable the Sunshine State actually is as rent in Florida continues to rise rapidly. In its “Out of Reach” report, the National Low Income Housing Coalition (NLIHC) breaks down how many hours a person

Florida’s population is anticipated to grow somewhat more slowly

Florida population growth slows – Florida Welcomes You Sign – Courtesy: Shutterstock – Image by Sean Pavone The Sunshine State’s population growth is coming to a halt as deaths outpace births and as a rush of people moving from other states due to the COVID-19 pandemic slows down. Still, with approximately 22.25 million residents as of

When is the greatest time in Florida to buy a home?

Florida Home – Courtesy: Shutterstock – Image by Mark Winfrey Florida’s real estate market has had a distinct vantage point since COVID-19, with homes throughout the Sunshine State remaining popular during the coronavirus pandemic and continuing in the post-COVID real estate scene.  Florida homes are still greatly desired, with much fewer homes for sale than

Wealthy Russians continue to buy properties in Florida

Sunny Isles Beach Russians — Courtesy: Shutterstock — B Cruz Sunny Isles, Florida, has been an escape for Russia’s rich and elite. In Sunny Isles Beach, also known as “Little Moscow” and “Moscow by the Sea,” real estate experts say wealthy Russians are putting down major money towards empty condos.   “They love to be here,

Jim Morrison’s childhood Florida home hits the market for $2.5 million

Jim Morrison, The Doors — Courtesy: Shutterstock — Blueee77 One of rock’s classic icons—Jim Morrison, spent his childhood and humble beginnings in Melbourne, Florida, before he skyrocketed to legendary status. As his father was in flight training during World War Two—now Melbourne Orlando International Airport—Morrison was born at the now nonexistent Brevard Hospital in 1943.

First-time homebuyers in South Florida struggling to find affordable homes

Homes for Sale — Courtesy: Shutterstock — Andy Dean Photography The prices of South Florida homes are skyrocketing. South Florida realtors say they have never seen a market like this before, making first-time homebuyers’ chances of owning a home slim to none. Many have ended up renewing more expensive leases and some have even moved

Florida home to be auctioned as NFT has attracted over 7,000 potential bidders

NFT (Non-Fungible Token) — Courtesy: Shutterstock — Rokas Tenys Two superheated markets, NFTs (non-fungible tokens) and real estate, have collided in what could be one of the first home auctions as an NFT. The Gulfport, Florida, house will be auctioned on Thursday with a starting price of $650,000. The home will be auctioned through a