Rodney Cantrell’s Blog
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Happy Fourth of July | Brought to you by The Cantrell Team
To all great Americans around the world, a very Happy Fourth of July to you all. This day is incredibly significant as the day the United States officially became its own nation. Let’s celebrate America’s birthday with festivals, parades, fireworks and other festive activities.The 4th of July marks the day America became a country where…
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Uninsured Homes Rise in Florida | Brought to you by The Cantrell Team
Florida homeowners are increasingly choosing to go without insurance as they face sharp increases in premiums.Premiums have doubled or tripled post-Hurricane Ian, prompting self-insurance among residents.
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NE Florida Home Sales Plunge in Early Q2 | Brought to you by The Cantrell Team
The combined six-county First Coast region saw a 5.8% decrease in closed sales and a 26.7% decrease in pending sales.Despite the sales decline, the median home price for the First Coast increased 2.7% to ~ $400K.
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Motivated Sellers Dominate Florida Listings | Brought to you by The Cantrell Team
Florida's home inventory surged due to homebuilders accommodating newcomers. >5,600 Florida listings include the keyword "motivated."
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Florida Insurance Company Sets Stage for Another Rate Hike
Florida's state insurer has approved a rate hike, increasing homeowner multiperil policies by 13.5% and condo owners by 14.2%. The average insurance cost for homeowners, renters, and mobile home dwellers is expected to rise by 14%. These new rates, subject to review by the Office of Insurance Regulation, may be implemented in January. Rising insurance…
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Florida reduces commercial lease tax to 2%
The Florida Cabinet has approved a reduction in the sales tax on commercial leases from 4.5% to 2%. This follows a previous measure to cut the tax from 5.5% to 2% once the unemployment insurance trust fund reached $4.1 billion. The tax cut, which came into effect on June 1, is expected to save Florida…
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Buying Your First Home? Here Are 16 Tips to Buy Like a Pro
A family is buying and moving into a new house, which requires careful planning and saving. Tips include researching first-time home buyer programs, starting to save early, calculating all initial costs, preparing your credit score, deciding on affordability, exploring mortgage options, getting pre-approved, gathering loan paperwork, choosing the right real estate agent, making a wishlist,…
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S. Florida: Boom & Bust Markets | Brought to you by The Cantrell Team
South Florida's Allure: Sun, culture, and jobs make it desirable, but recent trends signal market complexity. Market Contrasts: Miami's prices surge above historical trends, unlike other Florida cities experiencing corrections.
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Santa Rosa County Market Update | Brought to you by The Cantrell Team
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Escalating Home Prices in Florida Cities | Brought to you by The Cantrell Team
5. Coral Gables: Typical home value: ~$1.5M 1-yr price change: ↑$117K 5-yr price change: ↑$637K 4. Pinecrest Typical home value: ~$2M 1-yr price change: ↑$143K 5-yr price change: ↑$1M