Rodney Cantrell’s Blog
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Florida’s Housing Market Value Could Plunge Under New Bill | Brought to you by The Cantrell Team
Florida signed a bill that would increase the homestead exemption for homeowners. This will reduce property taxes for homeowners struggling with rising housing costs.
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Florida Housing Market Struggles | Brought to you by The Cantrell Team
Single-family home sales ↓ 0.5%, condos and townhouses ↓ 9%. Rising insurance premiums deter homebuyers.
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South and Midwest Rank Highest for Rental Affordability
A Realtor.com report highlights the top 10 rental markets for availability, affordability, and economic growth, with cities in the Midwest and South leading. Austin, Texas, ranks highest due to its high rental vacancy rate and affordable rent-to-income ratio. The top markets offer good job opportunities, short commutes, and flexible lease terms. Rental markets in the…
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Florida Launches Property Fraud Alert System | Brought to you by The Cantrell Team
Starting July 2024, all Florida counties must offer a property fraud alert system to homeowners. Homeowners can sign up for free to receive notifications if there are any attempts to file a deed for their land.
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Florida’s insurance struggles show signs of turnaround but homeowners still facing ‘financial challenges’
The first of four town halls on homeowners insurance in St. Lucie County addressed Florida's insurance crisis. State Rep. Dana Trabulsy and attendees discussed rising rates, with one reporting an increase from $1,900 to $5,900. Tasha Carter noted litigation and hurricane claims strain insurers, but recent reforms show promise. Continue to full article
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Florida Cities: The Highest and Lowest Cost of Living | Brought to you by The Cantrell Team
Florida offers diverse living costs, from affordable areas to pricier locales like Key Largo. Key Largo stands out with a high cost of living, primarily due to expensive housing.
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Florida Market May Be Shifting Gears | Brought to you by The Cantrell Team
The experts predict a potential shift in the Florida housing market with significant price cuts. Palm Bay and Deltona are at a very high risk of housing price drops over the next year.
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Housing inventory on rise as prices stabilize
The website is unavailable in your location due to Error 451. Access is restricted because you are trying to reach it from a country outside the United States. Continue to full article
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Sunshine on a Budget: Florida’s Most Affordable Cities | Brought to you by The Cantrell Team
Daytona Beach: Affordable beachfront living with home prices ~$250K, and no state income tax. Gainesville: A college town with an affordable cost of living and median home prices ~$300K.
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Home sale prices show little change in Florida and Ocala area
The median sale price for single-family homes in Florida has risen to $427,000, marking a 1.7% increase from last year. However, in Ocala/Marion County, the median sale price dropped by 11.3% to $290,000. The active listing inventory for single-family homes in Florida increased by 60.1% compared to last year. The supply of these homes reached…