Category: Uncategorized

Record-high mortgage rates are making homes unaffordable for many buyers, with even a small increase in rates significantly raising monthly payments. This situation is prompting potential homeowners to search for properties outside expensive urban areas, particularly as remote work becomes more common. Data from Realtor.com highlights trends in home-buying interest in cities like Miami, reflecting…

Miami-Dade County is addressing the affordable housing crisis with the groundbreaking of Courtside II Apartments, set for December 6. This initiative will create 120 units in two seven-story buildings for low-to-moderate income families earning 50% to 70% of the area median income. The apartments will feature Energy Star appliances and amenities like a fitness center…

En septiembre de 2024, el mercado inmobiliario de Florida experimentó una caída, con una disminución del 12.3% en las ventas de casas unifamiliares y una reducción del 20.7% en las ventas de condominios y casas adosadas en comparación con el año anterior. A pesar de las menores ventas, el precio medio de las casas unifamiliares…

North Miami Beach has been identified as the most family-friendly city in Florida, scoring 55.88 based on factors like education, healthcare, and economic stability, despite being one of the least affordable cities. Altamonte Springs and Winter Garden followed in second and third place. Cities with older populations, such as Spring Hill and Poinciana, ranked as…

Nationally, interest rates decreased from 7.31% to 6.08%, while pending home sales fell from 72.8 to 70.6. Builder confidence dropped from 45 to 41, and unemployment rose from 3.8% to 4.2%. Locally, unemployment rates varied, with Miami, Fort Lauderdale, and West Palm Beach at 3.4%, and Naples at 3.7%. Housing starts increased in Miami, while…