Florida Real Estate News

July 6, 2020

Buyers’ Biggest Hurdle in June? Lack of Inventory

Today’s buyers have 27.4% fewer homes to choose from than they did one year ago, though in Fla. it ranges from 31.4% near Tampa to 9.4% in South Fla.

SANTA CLARA, Calif. – Buyer demand has risen thanks to record-low mortgage rates and frustration after spending time ...

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June 23, 2020

Florida's May Housing Market Shows COVID-19 Impact, Signs of Recovery

Florida Realtors’ data: Closed sales and new listings were down year-over-year due to the virus and economic turmoil. But median prices were up and new pending sales for single-family existing homes rose 2.3% – a positive sign for recovery, notes Chief Economist O’Connor.

ORLANDO, Fla. – Florida’s housing market ...

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June 10, 2020

Florida Vacation Rental Regulations a Patchwork of Restrictions

Most vacation-rental owners are happy to be open, but a patchwork of county regulations has created confusion. Some counties ban renters from New York; some don’t. Some have cleaning rule timeframes; some don’t. And some cap total renters at 10 while others are unlimited.

TALLAHASSEE – Vacation rentals have rolled ...

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June 8, 2020

Realtor.com: Housing Market Turned Around in May

Based on realtor.com data, a drop in listings turned around in May as median prices hit an all-time high of $330,000. In the 50 largest metros, inventory was down 21.9% – but less in four Fla. cities, where it ranged from 8.6% (Orlando metro) to 19 ...
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May 19, 2020

Studies Suggest Buyers Prepared to Hit the Ground Running

Google and realtor.com report a big uptick in buyer activity – time spent searching for homes, viewing specific listings and sharing homes with friends – and two Fla. cities rank near the top for increased buyer interest: No. 3 Jacksonville (up 96.08%) and No. 4 Miami (up 81 ...
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May 15, 2020

New Luxury Amenities: Masks, Gloves and COVID-19 Testing

With happy hour and fitness classes cancelled, some luxury complexes are focusing on pandemic issues to attract residents, including COVID-19 testing, masks and gloves.

MIAMI – Happy hours, fitness classes, and residential socials are currently a thing of the past in luxury apartment buildings. Now, some buildings found a new ...

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May 13, 2020

Florida's Housing Market Shows Median Prices, Sales Up in 1Q

Year-over-year, Florida's single-family home sales are up 10.2%, median price up 6.7%; condo sales up 9.3%, median price up 10.5%. Florida Realtors Chief Economist O’Connor: Expect to see more impact of coronavirus pandemic in 2Q housing data.

ORLANDO, Fla. – In the first quarter ...

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May 6, 2020

Realtor.com: Florida Less Impacted by Sellers Who Decide to Wait

April new U.S. listings on realtor.com fell 44.1% – but in Jacksonville, only 19.4%. Both Orlando and Tampa metros had drops around 33%; only S. Fla. saw bigger declines.

ORLANDO, Fla. – Many U.S. sellers decided to hold off as the COVID-19 pandemic grew in ...

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May 4, 2020

Real Estate Q&A: How Many People Think Real Estate Has Shut Down?

Do Floridians outside the real estate industry know that real estate is an essential service – or that remote notaries, virtual tours and tech keep it completely operational?

FORT LAUDERDALE, Fla. – Question: Since we are all staying at home to fight the COVID-19 pandemic, how are people buying and ...

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April 27, 2020

Florida Home Showings Pick Up After Bottoming Out on April 7

ShowingTime data: Fla. home showings were down 64.3% on April 7 compared to the first week of Jan. – but that drop-off has gotten progressively smaller and was only 41.3% on April 22. Those showings include in-person ones but largely agent-led virtual tours.

ORLANDO, Fla. – According to ...

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