Rodney Cantrell’s Blog
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Essential Guide for First-Time Homebuyers in South Florida
Homeownership in South Florida can be both exciting and challenging for first-time buyers. It is important to hire a real estate attorney to help navigate contracts and state laws. Understanding purchase agreements, title searches, and mortgage terms is crucial. Conducting inspections and appraisals can prevent future issues, and a final walkthrough ensures everything is as…
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Home prices rise 4% in Northeast Florida as inventory increases
The median price of single-family homes in Northeast Florida rose 4% in February to $389,989, with inventory increasing by 10.7% to 7,954 homes. Closed sales grew by 8.7% to 1,271, while pending sales dropped 16.4%. The Home Affordability Index decreased slightly to 66. County-specific trends showed varied price changes, with Baker and Nassau experiencing declines,…
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Florida Outpaces National Avg: 30.5% of Homes Paid Off | Brought to you by The Cantrell Team
30.5% of Florida homes are paid off, surpassing the national avg of 27.7%.Mortgage-free Florida homeowners have a median home value of $325K, compared to $400K for those with mortgages.
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Can Manufactured Homes Offer Modern Living in Florida? | Brought to you by The Cantrell Team
Manufactured homes in Florida are gaining popularity due to affordability, flexibility, and modern amenities in 2025. Retirement communities with resort-style amenities are attracting buyers, especially retirees and seasonal residents.
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Florida Starter Homes: Is Affordability Still Possible? | Brought to you by The Cantrell Team
Buying a starter home in Florida? Prices soared 82% since 2018.Starter homes now average $233,000, with down payments ranging from 3% to 20% and closing costs up to 5%.
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Happy St. Patrick’s Day | Brought to you by The Cantrell Team
St Patrick's Day is the day we all turn a bit Irish. 13 million pints of Guinness are consumed worldwide on St. Patrick's Day. Green is now the traditional color of St. Patrick's Day.
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Why Do Florida Multifamily Transactions Plummet? | Brought to you by The Cantrell Team
Florida's multifamily property transactions have slowed due to updated building codes post-1992 and 2021 collapse.2021 saw a peak of 116 transactions worth $1.14 billion, while 2024 only had two transactions.
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Closed Sales of Single-Family Homes Rise in Florida | Brought to you by The Cantrell Team
In December, Florida saw ↑ 23.4% in closed single-family home sales. The median price of a single-family home ↑ 2.3%, reaching $400K in December 2024.
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Florida Homeowners Celebrate 132% Growth in 10 Years! | Brought to you by The Cantrell Team
Florida ranks 2nd in US home price growth with a 132.2% increase over 10 years. Median home prices in Florida rose by $223,316 in the last decade. .
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Here’s how to build more needed housing in Florida
Florida is experiencing rapid growth, with nearly 800 new residents daily, leading to increased pressure on housing supply. The demand for housing far exceeds availability, causing rising home prices and rents. To address this, the state should expand housing options beyond traditional affordable housing. Proposed reforms include eliminating single-family zoning, easing restrictions on manufactured and…