Rodney Cantrell’s Blog
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Florida Housing: Crash or Correction Ahead? | Brought to you by The Cantrell Team
Experts predict a market correction in the Florida housing market, with potential price drops. Some housing experts foresee a market correction or crash due to current supply and demand trends.
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Florida Is The Case Study
High mortgage rates and rising listing prices have shifted many towards single-family rentals (SFRs), leading to increased demand. However, a recent report shows a 16.7% rise in SFR inventory and a 15.4% increase in days on the market nationally. The Southern states, particularly Florida, saw significant inventory growth, with rental prices stabilizing nationally but decreasing…
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Florida Condo Laws: New Rules for Safety and Transparency | Brought to you by The Cantrell Team
Florida passed a new law (Condo 3.0) to improve condo safety and transparency. The law strengthens oversight of condo boards, requires training for board members, and mandates record keeping.
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How to get a mortgage with bad credit
Buying a house with bad credit is possible but may result in high mortgage rates. Those with scores above 580 could consider FHA loans or government-backed mortgages. Improve your chances of mortgage approval by increasing your credit score or saving for a larger down payment. First-time homebuyers have specific programs to help them qualify. Different…
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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.