In 2Q 2023, Fla. remained a top go-to state, with the lion’s share relocating from New York, but Chicago provided more buyers for Cape Coral, No. 7 on the list. SEATTLE – A record one-in-four national homebuyers (25.5%) searched for homes in metros outside their current state in the in the second quarter, up from … Read more
Monroe County tops the list with a median home value just shy of $1M ($957,819) – but it’s not No. 1 for median income ($73,153). MIAMI – If your retirement plan is a vision of luxury, maybe one of Florida’s wealthiest counties will catch your attention. Or maybe you want to live out your youthful … Read more
Join RE colleagues at Florida Realtors® Convention & Trade Expo, Aug. 16-17, 2023. It offers business-boosting success tips, latest tech info, trends and much more. ORLANDO, Fla. – Success strategies from top real estate leaders, the chance to network with other industry professionals, and the latest in high-tech devices: That’s what the Florida Realtors® 2023 Convention … Read more
Storms rarely have a long-term effect on the local real estate market. Cape Coral-Fort Myers listings dropped for two months after Ian but rose for the six after that. FORT MYERS, Fla. – After plunging in the wake of last fall’s Hurricane Ian, home listings in the Cape Coral-Fort Myers metropolitan area have recovered, and … Read more
More buyers want to relocate – but fewer do thanks to a tight inventory of available homes. Phoenix is No. 1 but Fla. cities hold all spots from No. 3 to No. 7. SEATTLE – One in four U.S. homebuyers (25.4%) want to move to a different metro area, largely to escape high home prices … Read more
Fed investigators blame the tragedy on the builder’s failure to comply with building codes and standards. Also this week: Its new Dubai-based owner revealed its plans. MIAMI (AP) – The swimming pool deck of a beachfront South Florida condominium that collapsed two years ago, killing 98 people, failed to comply with the original building codes … Read more
Census data shows the last decade’s most active development is in the Sun Belt. Texas holds top spots with Jacksonville (7), Orlando (11) and Tampa (15) close behind. ORLANDO, Fla. – A study of real estate development based on U.S. Census Bureau data covering the last decade finds Texas cities in the top five spots, … Read more
MIAMI – Nearly everything in Robert Burr’s house is solar-powered. Solar-powered pumps burble water through fountains and bird feeders in his yard, which at night is lit by the glow of 125 solar-powered lights. On his roof, an array of 39 solar panels power his house and charge the electric car parked in his garage. … Read more
Transportation drives growth but transit growth also drives housing. Home values near a S. Fla. transit rail station are appreciating faster than those farther out. MIAMI – Home values for properties near South Florida’s expanding rapid transit rail system are appreciating faster than other homes in the region. The privately-owned rail service Brightline opened stations … Read more
FORT LAUDERDALE, Fla. – The 2022 hurricane season was a harsh teacher. Not because of the number of storms – it was a fairly average year – but because of the tricky nature of the two storms, Hurricanes Ian and Nicole, that hit Florida. The big lesson to learn from 2022? Experts say it’s to … Read more
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