Rodney Cantrell’s Blog
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Happy Father’s Day | Brought to you by The Cantrell Team
Approximately 2.5 billion Father's Day cards are sent each year. Neckties have become a popular traditional gift for Father's Day. "World's Greatest Dad" is a popular Father's Day phrase. Breakfast in bed is a common Father's Day treat. Wishing a fantastic Father's Day to all the dads who strive to be the best versions of…
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Florida Housing Market Trends: Prices Rise, Inventory Grows
Florida's housing market is experiencing growth with rising sales and prices, along with an increase in inventory. Closed sales for single-family homes and condo-townhouse units have risen, as have median prices. The expanding inventory provides more options for buyers, potentially leading to a more stable pricing environment. Regional variations in market performance exist, but overall,…
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Happy Flag Day | Brought to you by The Cantrell Team
Flag Day is the American flag's birthday party every June 14th! Flag Day was proclaimed in 1916 but officially recognized in 1949. Talk about a late celebration! Betsy Ross, a seamstress, sewed the first flag. Imagine if designers today made flag-inspired outfits!
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Will Construction Insurance Costs Kill Florida’s Real Estate Boom? | Brought to you by The Cantrell Team
Rising insurance costs due to lawsuits against developers and insurers are threatening Florida's booming construction industry. Florida lawmakers recently passed a bill that makes it harder to sue developers for construction defects, aiming to reduce lawsuits and insurance costs.
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Florida Homeowners Insurance Rates Surge | Brought to you by The Cantrell Team
Florida homeowners saw ↑40%, paying more than four times the national insurance avg. 75% of Florida homeowners saw insurance hikes, 12.5% lost their carriers last year.
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Brought to you by The Cantrell Team | Florida Housing Market: Potential Buying Opportunity
Sellers in Florida are cutting property prices to attract buyers. The rapid growth seen during the pandemic has slowed, creating a potential buying opportunity.
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Most Florida Cities Showing Signs of a Settling Rental Market
Most Florida cities are experiencing a settling rental market, with rents either trading at a discount or small premiums. Palm Bay and Jacksonville have rents below long-term trends, while South Florida, particularly Miami, still faces high premiums. Researchers suggest that rapidly rising rents are likely over, but affordability issues may persist as incomes adjust to…
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Florida commercial property renters will soon get tax break
Starting June 1, the tax rate for renting commercial property in Central Florida will decrease from 4.5% to 2%. The reduction was initially set for July 1. The tax cut won't apply to short-term living rentals or commercial parking/storage spaces for boats and vehicles. Continue to full article
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Brought to you by The Cantrell Team | Florida Housing Market: Sunshine After the Storm?
Florida's real estate market stabilizes, offering incentives like closing cost credit, and more options for buyers.New construction and increased inventory contribute to market stability, according to real estate professionals
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Brought to you by The Cantrell Team | Florida Insurance: 5X National Average
Florida homeowners pay 5x the national avg for insurance, reaching nearly $12K yearly. The cost increased by 7% from 2023, making insurance affordability a challenge for many.