Category: Uncategorized
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How Rising Home Insurance Will Impact Florida Buyers
Home insurance in Florida averages $5,527 annually, well above the national average of $2,304. Insurance rates in disaster-prone areas may rise dramatically due to better risk prediction technologies.
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Pronóstico De La Tasa De Interés 2025: Acto De Equilibrio Económico
Las tasas bajarán del 4.5% (T1) al 3.9% (T4), siguiendo reducciones graduales a lo largo de cuatro trimestres.Los recortes de tasas tienen como objetivo impulsar el endeudamiento y la actividad económica mientras se abordan las preocupaciones inflacionarias.
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Rising Condo Prices in South Florida Amid Falling Sales: What’s Driving the Trend
South Florida's real estate market is experiencing rising condo and single-family home prices despite a decline in sales and increased inventory. In November 2024, median home prices in Miami-Dade reached $650,000 and $619,500 in Broward, driven by affluent buyers. Total sales fell by 8% in Miami-Dade and 11.3% in Broward, with inventory nearly doubling. Cash…
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What’s Causing Florida’s Housing Market to Chill?
Florida’s housing market is cooling faster than expected, with West Palm Beach seeing a 13.8% decline in home sales. Natural disasters and rising costs have impacted the housing market, including hurricanes and increased insurance rates.
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Florida’s Skyrocketing Property Taxes Fuel Housing Crisis
Florida's housing crisis is worsened by skyrocketing property taxes, increasing affordability issues statewide. Property taxes have increased sharply, with some areas seeing hikes of up to ↑ 60% since 2019.
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15 ciudades de Florida donde puedes comprar una casa por menos de $300,000
Florida ofrece diversas opciones de vivienda para posibles propietarios, con muchas ciudades que cuentan con casas por menos de $300,000. Port St. Lucie tiene un precio medio de $293,943, mientras que Fort Myers está en $273,214. El precio medio en Pensacola es $226,249, y Palm Bay es aún más bajo con $223,821. Gainesville tiene un…
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2025: Key Trends Shaping Florida Real Estate
Florida’s housing market shows increased supply, with condos leading, but demand remains lower due to elections.Expect a balance between supply and demand post-election, opening opportunities for both buyers and sellers.
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Experts Forecast 10 States With the Most Expensive Housing Costs for 2025
In Q3 2024, the average U.S. home sales price was $501,100, with a 30-year mortgage interest rate of 6.81%. Housing costs vary significantly across states, with the highest ratios of home price to income found in California, New York, and Hawaii. Affording a home is challenging, especially for first-time buyers, but strategic planning, such as…
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Florida Voters Approve $1.9 Billion in County, City Tax Increases
In the 2023 and 2024 elections, voters in 24 Florida counties approved 31 sales and property tax increases or extensions totaling $1.9 billion annually, along with 18 bond issues worth nearly $1 billion. Since 2010, there have been 215 tax increases totaling $8.9 billion and 98 bond issues worth $8.4 billion. The success rate for…
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Florida program will help homeowners raise their homes above flood level
Florida has launched "Elevate Florida," a program aimed at elevating homes in flood-prone areas. It offers grants and low-interest loans to help homeowners raise their properties above the base flood level, reducing future insurance claims. Homeowners must contribute 25% of the total cost and can access SBA loans up to $500,000 with favorable terms. The…