Rodney Cantrell’s Blog

Realtor Fees: 5.05% of Sale Price Closing Costs: 3.23% of Sale Price Title insurance, transfer taxes, and other fees. For a $350,000 home: ~$11,305

Florida, with an average home cost of $394,728, is popular for its lack of state income tax. South Florida’s warm climate and active outdoor lifestyle appeal to Gen X homebuyers in their 40s and 50s.

Experts predict a 3% to 5% annual appreciation in Florida's housing market from 2024 to 2028. Ongoing buyer interest and economic stability will continue driving growth, preventing a significant market crash.

The average condo insurance in Florida costs $1,130 annually, double the U.S. average of $455. Miami has the highest average rate at $2,570, while Orlando is lower at $1,050 annually.

Shop around and compare at least three quotes to find better Florida condo insurance rates. Ask about discounts for bundling policies, having protective devices, or living in a gated community.

State officials aim to provide relief for condo owners before the December 31 inspection deadline.Condo associations must submit Milestone Inspection reports to assess structural integrity and reserve funding needs.

Florida’s housing market is benefiting from lower mortgage rates and rising inventory, boosting buyer activity.Affordability has improved, with buyers finding more opportunities and negotiating power due to increased inventory.

Closed Sales: ↓1.1% yearly due to rising mortgage rates and economic uncertainty. Median Home Price: $411,638, ↓0.8% yearly, maintaining property value stability.