Category: Uncategorized
-
Senator wants uniform standards for short-term vacation rentals, but it seems to be a tough sell
The Florida Legislature is working on a bill to regulate vacation rental platforms like Airbnb and VRBO. The bill aims to create uniform standards and regulations for vacation rentals, but there is opposition from local governments and concerns about the impact on communities. The bill has been approved by a Senate committee and will now…
-
Florida Insurance Crisis Spells Mortgage Disaster
Florida's ongoing insurance crisis, driven by insurers leaving and increased extreme weather risk, may lead to a downturn in the real estate market. Homeowners in Florida pay the highest insurance premiums in the U.S., making it difficult to obtain mortgages. The state's private insurance market has failed, leaving many residents with limited options for coverage.…
-
Brought to you by The Cantrell Team | Florida: Average Monthly Rent
Determining your budget starts with housing costs, especially rent, which affects essentials, savings, and discretionary spending.GOBankingRates used Apartment List's data to find avg rents for various unit types in every state.
-
Brought to you by The Cantrell Team | Northeast Florida Housing Prices Rise in Mid-Q4
Northeast Florida Association of Realtors reported ↑ 5% in median home prices. Sales for single-family homes: ↓ 16% -Duval County single-family: $390,280
-
Brought to you by The Cantrell Team | Sunshine State’s Housing Hotspots
The US avg home value is $347,972, ↑ 2.3%yearly; and Florida's cities ranked based on the Home Values Index.Lake Buena Vista leads with a typical home value of $5,041,427, ↑ 7.7%. Sea Ranch Lakes follows at $1,818,173, with a 12.3% annual price increase.
-
How To Choose A Mortgage Lender
Choosing the right mortgage lender is vital for homeownership. Factors to consider include interest rates, loan terms, customer service, and lender reputation. It's important to evaluate your financial situation, research lenders, compare rates and fees, and understand different loan types. Regular communication with the lender and asking the right questions is crucial. Credit scores significantly…
-
Brought to you by The Cantrell Team | Homeownership Wisdom: A First-Time Buyer’s Guide
Budget Caution: Avoid overextending; prioritize affordability to prevent stress and financial strain later on.Emergency Fund Neglect: Overlooking emergency funds risks financial strain from unexpected repairs or job changes.
-
Brought to you by The Cantrell Team | Costs of Buying a House in Florida
Down payment requirements vary, but options include 3% for conventional loans, 3.5% for FHA loans, and even zero down for VA and USDA loans.Avg closing costs in Florida amount to 2.3% of the purchase price, shared between the buyer and seller.
-
The Booming Real Estate Market in South Florida: New Developments and Controversies
South Florida is known for its beautiful beaches and vibrant culture, but not everyone is friendly. A new housing development in West Palm Beach aims to protect the environment, while a proposed apartment complex in the SoSo community faces controversy. The historic Gulfstream Hotel is being restored, and high-profile buyers like William P. Lauder and…
-
Brought to you by The Cantrell Team | Florida Home Sellers: Concessions Rising
National Avg: In Q3 2023, 35% of U.S. home sales involved seller concessions. Florida Metros: Miami (35.4%) and Orlando (34.3%) align with the national avg. Tampa Surge: Tampa saw a notable rise, with 43.1% of sales involving concessions.