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Rents Are Falling the Most in These Former Pandemic Hotspots
Rental prices in the 50 largest U.S. metros dropped by 0.6% in August, with the median rent reaching $1,752 per month, according to Realtor.com. This marks the fourth consecutive month of year-over-year rent declines for studios and one- and two-bedroom properties. While rents are dropping, they remain above pre-pandemic levels, with costs being 23.7% higherRead …
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Florida Housing Market Update: August 2023
Closed sales of existing single-family homes were up on a month-over-month basis in August, but that’s likely in part due to August having a few more business days than July. As always, when we’re looking at very seasonal data like…
How Elevated Mortgage Rates Are Affecting Housing Starts
New-home construction dropped by 11.3% in August, falling short of expectations as builders shifted their focus from new starts to project completions due to elevated mortgage rates surpassing 7%. The annual pace of housing starts fell to 1.28 million, with single-family home construction posting a 4.3% decline and apartment construction plummeting by 26.3%, according toRead …
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US Metros Where You Can Still Find Affordably Priced Homes
Despite rising mortgage rates and home prices chipping away at housing affordability across the U.S., Realtor.com reports that a number of local real estate markets are still accessible to budget-conscious buyers, with the majority of single-family homes priced at $250,000 or less. These markets are primarily located in the Midwest and the South, with theRead …
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Lionel Messi scores luxe waterfront estate in Fort Lauderdale for $10.8 million
After lighting up the MLS with Inter Miami, Argentinian futbol great Lionel Messi has made a big move—this time, off the pitch. The man widely considered soccer’s GOAT has found a home in South Florida, as he attempts to vault his new squad into the playoff race. Messi paid $10.8 million for his new waterfrontRead …
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DADE CITY FLORIDA New Construction homes for sale
Beautiful Dade City Florida (just north of Tampa) was basically a stranger to the new construction boom until recently. Now, new home buyers have their choice of different builders, neighborhoods, amenities and price point. In this video I will show…
Entry-Level Homes Are a Reach for First-Time Buyers
Starter homes—traditionally the entry point for first-time buyers—are now often out of reach for first-time buyers due to bidding wars and fast-rising prices in a market where median home list prices have surged 38%, mortgage rates have doubled, and the housing shortage has worsened over the last four years. The price of an “affordable” starterRead …
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