Real estate news in South Florida
Two historic Commonwealth Avenue properties sold for an undisclosed amount this week.
At the same time, days on market fell to 26 from 31 as housing starts grew
There may be a construction boom, but builders still have a lot of ground to make up from a decade of underbuilding, according to a new report from Zillow.
With home prices continuing to reach new heights across the country, many potential homebuyers are seeing the mobile-home market in a brand new light as single-family home prices become less affordable for young and middle-class buyers.
As more money is being spent on real estate than ever before, the booming market is on pace to shatter records this year, according to a recent CoreLogic report.
The Federal Housing Finance Agency (FHFA) recently announced its 2022 conforming loan limits (CLL) for conventional loans acquired by Fannie Mae and Freddie Mac.
The mixed-use development will include a five-story, 30,524 square-foot building with 26 apartments, four of which will be income-restricted.
Investors across the country are looking to cash in on skyrocketing house prices and rents, putting them in competition with new buyers trying to work their way to homeownership.
The Cape Cod housing market slowed down in October as the lack of housing inventory continued to decline.
“If I had to choose only one word to describe September 2021’s housing price data, the word would be ‘deceleration. Housing prices continued to show remarkable strength in September, though the pace of price increases declined slightly.” — S&P DJI managing director Craig Lazzara.