Lego-style homebuilder eyes entry into South Florida real estate market
The latest innovation in homebuilding is being touted as a game changer that could end up revolutionizing the construction industry.
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The latest innovation in homebuilding is being touted as a game changer that could end up revolutionizing the construction industry.
We devote the entire half hour to the HOA crisis in South Florida and elsewhere in the state.
We devote the entire half hour to the HOA crisis in South Florida and elsewhere in the state. As the cost of insurance rises, HOAs have been forced to raise fees putting a financial squeeze on homeowners. Corruption is also a concern after leaders of the Hammocks HOA were accused of theft and fraud to the tune of two million dollars. Florida now has the HOA Bill of Rights but critics say its protections don't go far enough. We hear from homeowners from four South Florida HOAs, Miami-Dade State Attorney Kathy Fernandez Rundle and State Rep. Juan Carlos Porras of Miami-Dade County who plan on introducing a stronger HOA Bill of Rights in the upcoming legislative session.
Mortgage rates recently hit their highest levels in more than two decades, pricing many out of the market. Here's what to expect in 2024.
But people in states at risk of extreme weather, like Florida, are seeing much larger increases.
"Even places that historically have been affordable now need six figures," according to Redfin's chief economist.
"Home has not been cleared of contamination and will be transferred to the new buyer in its current state," the listing says.
Despite the housing crisis facing South Floridians, there are still thousands of unoccupied homes in Miami.
As 2023 draws to an end, it is clear that South Florida's real estate market continues to change but what is unclear is what direction it will take.
Everything about financing a home purchase surged last year
The average interest rate on a typical mortgage is now 7.49%, worsening the nation's housing affordability crunch.
Home prices have jumped so much that Americans must pay a third of their income on housing, according to one study.
Prices rose in the Northeast, Midwest, and South but were unchanged in the West
July's housing figures reverse a five month trend of falling home prices.
After nine months of leading metro areas across the country in year-over-year increases in home prices, Miami fell out of the top spot in May
June is National Homeownership Month and with rising interest rates and home costs, getting to own a home is becoming more and more costly.
The median existing home price was $396,100 last month, down from 3.1% from a year ago
The average renter in Miami must make a six-figure salary to avoid being classified as rent burdened, according to a new report from researchers at Florida Atlantic University and two other schools.
Miami continued to top other metro areas nationally in home-price increases in March when compared to a year earlier, according to a report released Tuesday.
Buying a home has traditionally been seen as the smarter financial move. But is that still the case?
Home prices went up slightly in February.
Guests: Eileen Higgins/MIAMI-DADE COUNTY COMMISSIONER
City of Oakland Park commissioners want to help keep home prices within the reach of people in their community.
Trish Christakis reports those who can afford homes, who are making over six figures, still aren’t purchasing because of the steep prices and they don’t think it's worth the investment because of the record high mortgage rates.
As the spring homebuying season approaches, affordability is at its lowest point in history, one economist said.
