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Rising insurance costs, regulations push Florida HOA fees to record highs

Rising insurance costs, regulations push Florida HOA fees to record highs

by Caden DeLisa | Aug 22, 2024

Homeowners association fees in Florida have surged over the past year, driven by rising insurance costs and new safety regulations, leading to financial pressures on condo owners and declining condo market prices. Homeowners association (HOA) fees in Florida have...
Florida metro areas to see continued apartment growth despite economic challenges

Florida metro areas to see continued apartment growth despite economic challenges

by Caden DeLisa | Aug 13, 2024

Florida’s major metropolitan areas are expected to maintain a surge apartment construction, driven by strong demand but potentially tempered by rising borrowing costs and a focus on luxury developments that could exacerbate affordability issues. Florida’s major...
“A nightmare scenario”: Florida’s largest cities see record home-purchase cancellations

“A nightmare scenario”: Florida’s largest cities see record home-purchase cancellations

by Caden DeLisa | Jul 26, 2024

Florida’s major urban housing markets experienced a surge in home-purchase cancellations in June, with Orlando, Jacksonville, and Tampa reporting the highest rates nationwide. Florida’s urban housing markets experienced disruptions in June, marked by a...
New listings rise, but home contracts drop across South Florida

New listings rise, but home contracts drop across South Florida

by Caden DeLisa | Jul 18, 2024

Newly signed contracts for single-family homes and condos dropped throughout South Florida despite an increase in new listings, signaling a cooling market influenced by rising interest rates and affordability issues. Despite an increase in property listings in June,...
Florida rents plummet amid surplus, bucking national trend

Florida rents plummet amid surplus, bucking national trend

by Caden DeLisa | Jul 15, 2024

Florida’s largest cities have seen significant declines in rent prices, diverging from the national trend of rising rents, primarily due to an oversupply of rental units from increased apartment construction during the pandemic. Florida’s rental market has...
Miami tops U.S. rental market competitiveness with high demand and limited supply

Miami tops U.S. rental market competitiveness with high demand and limited supply

by Caden DeLisa | Jun 24, 2024

Miami is the most competitive rental market in the U.S., with 19 prospective renters per unit, a 94.1 Rental Competitiveness Index score, and apartments typically rented within 36 days, driven by high lease renewal rates and limited new housing supply. Miami remains...
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