Rodney Cantrell’s Blog

Florida's housing market sees dips, with West Palm Beach sales dropping nearly 14% yearly. Hurricanes and rising insurance and HOA costs are key factors affecting local home sales.

Floridians face the highest property insurance rates in the U.S., influenced by multiple risk factors. Insurance rates must be justified to the state, with companies required to file proposals annually.

Credit upgrades signal a more stable property insurance market in Florida. Decreasing requests for rate increases hint at lower premiums for homeowners in 2024.

Protect Pipes: Insulate exposed pipes to prevent freezing and bursting during cold weather. Seal Air Leaks: Check windows, doors, and outlets for gaps to save on heating costs.

Florida’s housing market is cooling faster than expected, with West Palm Beach seeing a 13.8% decline in home sales. Natural disasters and rising costs have impacted the housing market, including hurricanes and increased insurance rates.

Florida's housing crisis is worsened by skyrocketing property taxes, increasing affordability issues statewide. Property taxes have increased sharply, with some areas seeing hikes of up to ↑ 60% since 2019.

Work with one trusted agent who can access all properties via Florida’s Multiple Listing Service (MLS). Choose an agent experienced with foreign buyers and short-term rental market for tailored guidance.

Work with a local insurance broker to find the best policy tailored to your Florida property. Determine flood risk before purchasing, as flood insurance may be required separately from hurricane coverage.

Florida's Amendment 5 aims to make homeownership easier with inflation-adjusted homestead exemptions starting January 2025. The amendment covers exemptions for non-school levies, benefiting residents with legal or equitable property ownership.