Category: Uncategorized
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Home prices are outstripping rental prices in the South, according to new study
Sunbelt states, including Florida, are experiencing high home prices, making renting a potentially better option. A study by two universities shows that the price-to-rent ratio is off in favor of renting in many Florida cities. Researchers suggest renting until the housing market stabilizes due to an influx of northerners moving to the Sunbelt. Continue to…
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Brought to you by The Cantrell Team | Florida Housing Market Predictions 2024: Will It Crash?
Florida's housing market is expected to strengthen in 2024, driven by population and business growth.Despite rising inventory, it remains a seller's market, with prices likely to maintain stability.
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Brought to you by The Cantrell Team | Springtime Splendor: When’s the Optimal Season to Buy a House in Florida?
Timing is crucial when buying a house in Florida, with spring being favored due to increased listings and competition.Fall is also advantageous as the summer rush subsides, presenting motivated sellers and ample listings available for potential buyers.
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Brought to you by The Cantrell Team | 5 Cheapest Places to Live in Florida
Avon Park: An affordable rural community in Central Florida, attracting retirees with a warm climate and amenities for active seniors. West Pensacola: Affordable coastal town in Florida's Panhandle, offering a relaxed lifestyle near beaches and downtown Pensacola.
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Lawmakers passed bill to shift control of vacation rentals to state
One of the most contested bills of the legislative session is facing calls for a veto from Gov. Ron DeSantis. The bill aims to increase state control over vacation rentals, leading to concerns about lost tax revenue and local government authority. The legislation sets new statewide requirements for vacation rentals, including occupancy limits and fines…
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Brought to you by The Cantrell Team | Florida’s Efforts to Reduce Homeowners Insurance Rates
Consumer protections: – SB 7052 limits insurance cancellations during claims & protects claims from insolvent companies. – More frequent mitigation discount updates & information for policyholders. Insurer accountability: 1. SB 7052 increases regulatory oversight, enforcement penalties, & reporting requirements.
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Homeowners Stuck With High Refi Rates: Mortgage Refinance Rates on March 25, 2024
Refinance rates are high and vary based on credit history and financial profile. Mortgage rates change daily, so experts advise shopping around for the best deal. Refinancing can be beneficial if rates drop significantly. Different loan terms offer varying benefits, such as lower monthly payments or quicker payoff. Consider refinancing for reasons like lowering interest…
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Signs of home damage to look for this spring
After the harsh winter, many homeowners are planning spring maintenance. An expert warns about hidden dangers during this season and shares signs of home damage to watch out for. These include water stains, musty odours, sagging floors, pest activity, foundation issues, gutter problems, and fluctuating utility bills. Continue to full article
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Brought to you by The Cantrell Team | Zero Down: Florida Home Buying Secrets
Buying a house in Florida without money is feasible through various mortgage strategies. Options like USDA, VA, Conventional 97, and FHA loans offer low or zero down payments.
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South Florida ranks among the highest ‘cost-burdened’ rental markets, study says
South Florida is among the top locations in the U.S. where renters struggle with high housing costs. Many renters pay over half their income for rent and utilities. Efforts are being made to address the affordable housing shortage, with various projects underway to provide affordable units for low-income workers. Continue to full article