Home sales could plunge in 2023. These cities may see the worst.
Buyers are getting squeezed by higher real estate prices and soaring mortgage rates, which could force more out of the market.
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Buyers are getting squeezed by higher real estate prices and soaring mortgage rates, which could force more out of the market.
CBS4's Gabrielle Arzola reports on how housing trends are leading toward a buyers' market in South Florida.
With high-interest rates, and overpriced homes, housing trends are leading toward a buyers' market in South Florida.
The average long-term U.S. mortgage rate topped 7% for the first time in more than two decades this week
Surge in borrowing costs is pushing some buyers out of the market, while sellers face a quandary.
Welcome aboard "Hospitality", a stylish and spacious American-made 164-foot yacht ready for the show at the Fort Lauderdale International Boat Show.
Some housing analysts expect interest rates for conventional home loans to hit double digits by early next year.
Interest rate on a typical 30-year mortgage rate has jumped by more than a quarter-point this week to 6.29%.
Realtors say the pandemic created a unique situation for the market
Baltimore family sues appraiser and mortgage lender after their home was allegedly undervalued because they are Black.
Ballots haven't even been printed yet, but already a group of landlords, apartment managers and real estate agents want to stop voters from deciding on a measure that would implement rent control for a year in the theme park hub that has been one of the fastest-growing metro areas in the U.S
"We are set up to expand when the market experiences challenging time," said said Michael Peltier with Citizens.
But sales of previously occupied homes have slowed sharply amid higher mortgage rates and rising prices.
If it costs more than $700,000 to replace your Broward home or $1 million for Miami-Dade, you can't get coverage.
Pointing to "almost incomprehensible growth," the president and CEO of Citizens Property Insurance Corp. said Wednesday the state-backed insurer could have 1.2 million customers by the end of the year.
Tampa and Miami topped other metro areas across the country in a new analysis of housing price increases.
Price of a previously occupied house hits new heights even as would-be buyers struggle with high prices and mortgage rates.
The latest figures showed that home prices surged over 20% since March of last year.
After nearly three years of Phoenix leading the nation in the most-rapid growth in housing prices, it has been topped by the Tampa area, an analysis released Tuesday showed.
The inventory of available houses has shrunk and that has made it difficult for buyers in South Florida.
With real estate inventory shrinking, prices have skyrocketed across South Florida
Known for its dramatic curving exoskeleton, 1000 Museum, located on 1000 Biscayne Boulevard in Downtown Miami, was designed by the late architect Zaha Hadid.
The study found the average rental price in the area that includes Miami and Fort Lauderdale is $2,832 but should be closer to $2,326.
New rules rolled out earlier this year by mortgage giants Fannie Mae and Freddie Mac are creating a bottleneck in the real estate market for those seeking to buy or sell condos or co-op apartments, according to agents and condo associations.
The Miami area saw a 28.1% year-over-year gain in home prices, while the Tampa metropolitan area had a 30.8% increase.
Miami Beach is relaxing some spring break restrictions this year while maintaining a heavy police presence to ensure visitor safety after years of strict crowd-control measures.
The Trump administration launched its new TrumpRx direct-to-consumer prescription drug listing site late Thursday, part of a push to offer medication at steep discounts.
The city's Homeowner Rehab Program is offering up to $150,000 for upgrades — no waitlist, and applications are now open.
A 16-year-old was caught after carjacking a Corvette in Wynwood; GPS tracking led police to him.
The petition, filed by Miami-Dade and Broward County residents, also questions DeSantis' directive to Secretary of State Cord Byrd, which included a delay in Congressional qualifying from the week of April 20 to June 8 to June 12.
Miami Beach is relaxing some spring break restrictions this year while maintaining a heavy police presence to ensure visitor safety after years of strict crowd-control measures.
The Trump administration launched its new TrumpRx direct-to-consumer prescription drug listing site late Thursday, part of a push to offer medication at steep discounts.
The city's Homeowner Rehab Program is offering up to $150,000 for upgrades — no waitlist, and applications are now open.
A 16-year-old was caught after carjacking a Corvette in Wynwood; GPS tracking led police to him.
The petition, filed by Miami-Dade and Broward County residents, also questions DeSantis' directive to Secretary of State Cord Byrd, which included a delay in Congressional qualifying from the week of April 20 to June 8 to June 12.
In courtroom testimony, Shandelle Maycock recounted the harrowing night her daughter was abandoned in the Everglades, describing the horrors they endured.
A former prison guard trainee has been sentenced to death for the 2019 execution-style killings of five women inside a Florida bank.
Florida coach Billy Napier is getting a fourth season to try to get the Gators back to their winning ways.
A Florida man has filed a federal lawsuit against Jacksonville sheriff's officers who severely beat him last year after he ran from a traffic stop.
The Marion County Sheriff's deputy told authorities that he accidentally shot and killed his girlfriend while cleaning his gun.
The Trump administration launched its new TrumpRx direct-to-consumer prescription drug listing site late Thursday, part of a push to offer medication at steep discounts.
The petition, filed by Miami-Dade and Broward County residents, also questions DeSantis' directive to Secretary of State Cord Byrd, which included a delay in Congressional qualifying from the week of April 20 to June 8 to June 12.
As immigration sweeps expand nationwide, the work of justifying detentions is overwhelming federal prosecutors, who are being forced to sideline a range of other cases in order to keep pace.
Newly released documents from the Epstein files raise more questions about activity seen on video from the jail the night he died.
President Trump said he is directing all federal law enforcement to be at the "complete disposal" of Savannah Guthrie's family as the search continues for her mother, Nancy Guthrie.
The bill by State Rep. David Borrero would order a study on moving Miami-Dade's Urban Development Boundary (UDB) line and eliminating longstanding safeguards designed to protect the Everglades, requiring any project outside the UDB to receive a two-thirds vote of the County Commission.
Haitian American advocates, like Miami Dade County Commissioner Marlene Bastien, say the move is both cruel and creates a sense of fear in the community.
For more than a year, Gov. Ron DeSantis has said he wants to do away with all homesteaded property taxes, arguing homeowners should not have to pay rent to the government.
Raquel Pacheco said she has "hope" after seeing the worldwide reaction to the video she posted of two Miami Beach police detectives showing up at her house because she had posted a critical comment on Facebook about Miami Beach Mayor Steve Meiner.
Jim DeFede discusses Governor Ron DeSantis' eighth and final State of the State address with House Speaker Danny Perez.
One patient reports getting stuck with a $2,418 "facility fee" after seeing her doctor. "I didn't even know such a thing existed," she said.
Jimmy Carter made eradicating the Guinea worm a top mission of The Carter Center. Now it could soon become the second disease eradicated in history.
The House's Health Care Facilities & Systems Subcommittee approved the bill which also changes multiple laws and restrictions involving nursing homes, dental hygienists, and registered nurses.
Carlos Migoya announces his retirement as CEO of Jackson Health System after serving the public hospital system for over a decade.
U.S. life expectancy rose to 79 years in 2024 - the highest mark in American history. But the U.S. still ranks below dozens of other countries.
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A lawsuit filed late last month took Chicago-based McDonald's to task over the McRib sandwich, calling its name a form of false advertising.
Florida insurance policyholders could be seeing some form of relief in their wallets thanks to market reforms made statewide, Gov. Ron DeSantis said.
The company said Tuesday that 85% of its retail products and "nearly all" of its school offerings are already made without "certified colors."
Less than two days after Delta Air Lines offered $30,000 to each passenger on board the flight that crashed and flipped in Toronto on Monday afternoon, the company is facing its first two lawsuits in the incident — and they likely won't be the last.
Activists are calling for a nationwide boycott of Target stores following the company's decision to roll back its diversity, equity and inclusion initiatives.
Bad Bunny says he wants to bring his culture to his Super Bowl halftime show Sunday.
The sheriff says the note was sent to a local Arizona news station, which agreed not to report on it, following the disappearance of "Today" show co-host Savannah Guthrie's mother, Nancy Guthrie.
Josh D'Amaro, who oversees Disney theme parks and dozens of resort hotels worldwide, will become the next Disney CEO.
Many Super Bowl 60 ads are already online, along with teasers for commercials that will be unveiled during the NFL championship on Feb. 8.
Prominent political and business leaders are named in the documents released by the Justice Department in connection with its investigations into Jeffrey Epstein.