Category: Uncategorized
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Three residential development projects approved in February Santa Rosa
Three subdivision development projects were approved by Santa Rosa County's Board of County Commissioners, bringing nearly 500 housing units to the area. Two projects will be in Milton, and one near Bagdad. Additionally, six new developments in Escambia County will bring 350 homes, including Lakes of Woodbine Phase II, Marlin Place (Phase I), and Rivers…
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Brought to you by The Cantrell Team | Unlocking Florida’s Real Estate Potential
Investment Opportunities: Florida's Real Estate market offers diverse investment options with potential for growth.Dream Home Destination: Find your dream home in Florida's dynamic housing market.
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Brought to you by The Cantrell Team | Florida’s Best Bargain Cities for Homebuyers
6. Pensacola: – Relative affordability: 94.5% – Monthly owner cost: $3,827 5. Jacksonville: – Relative affordability: 94.6% – Monthly owner cost: $3,811
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Commercial foreclosures are up more than 350% nationally; What about in Southwest Florida?
ATTOM data shows a rise in commercial foreclosures in Florida and nationwide. In January 2024, Florida had 47 foreclosures, up from 33 in January 2023. Nationwide, commercial foreclosures surged by 350% from May 2020 to January 2024. Local counties also experienced fluctuations in commercial foreclosures. Continue to full article
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Brought to you by The Cantrell Team | 4 Florida Cities May Face Potential Price Declines in 2024
1. Tampa-St. Petersburg-Clearwater 2. Palm Bay-Melbourne-Titusville
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Brought to you by The Cantrell Team | How Quickly Do Homes Sell in Florida?
Winter sales take 50-57 days, while spring and summer sales are faster at 41-44 days in Florida. In Early-Q1, it takes 46 days to sell a house, compared to 31 days Late-Q4.
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Mortgage demand takes a massive hit as interest rates cross back over 7%
The average contract interest rate for 30-year fixed-rate mortgages increased to 7.06%. Refinance and home purchase mortgage applications dropped significantly due to the surge in rates. Potential homebuyers are affected by the higher rates and home values in the current market. Adjustable-rate mortgages are becoming more popular despite their higher risk. Continue to full article
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State lawmakers advancing short-term vacation rental measure
Volusia County banned short-term rentals in unincorporated areas in 2021. Legislation in Florida aims to regulate short-term rentals statewide, preventing local governments from outright banning them. The proposed law could help property owners and boost the local economy. Continue to full article
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Brought to you by The Cantrell Team | Happy Women’s Day
International Women's Day, also known as IWD for short, grew out of the labour movement to become a recognized annual event by the UN.It all started in 1908 when 15K women marched through NYC demanding shorter working hours, better pay and the right to vote. Things were made official in 1975 when the United Nations…
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Do you lose home equity when you refinance your mortgage?
Refinancing your mortgage can impact your home equity depending on the type of refinance you choose. Traditional mortgage loan refinancing doesn't decrease home equity, while options like home equity loans or HELOCs do. Cash-out refinancing can also result in a loss of home equity. Continue to full article