Rodney Cantrell’s Blog
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Why Are Mortgage Rates Stuck at Such High Levels?
The current average 30-year mortgage rate is 7.09%, leading to fewer buyers due to high costs and elevated home prices. Mortgage rates have increased significantly since 2022, but the Federal Reserve plans to cut rates in 2024, potentially lowering mortgage rates. To secure the best mortgage rate, shop around, improve credit score, and keep debts…
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Florida Home Buying Guide | Brought to you by The Cantrell Team
Florida is one of the top states favored for residential Real Estate investment. Define: Your Florida home needs Family plans Residency status Nearby amenities importance
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Salary You Need to Buy a Florida Home in 2024 | Brought to you by The Cantrell Team
Average home price is ~$409.2K, relatively affordable in the state. Initial payment requires ~$81.8K, a substantial upfront investment.
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Rent Trends to Consider This Peak Rental Season | Brought to you by The Cantrell Team
Landlords can leverage higher demand during peak rental seasons (like spring, summer) to raise rents strategically.Analyze local rent trends (rising, stagnant, or falling) to set a competitive price that attracts tenants during peak season.
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Happy Father’s Day | Brought to you by The Cantrell Team
Approximately 2.5 billion Father's Day cards are sent each year. Neckties have become a popular traditional gift for Father's Day. "World's Greatest Dad" is a popular Father's Day phrase. Breakfast in bed is a common Father's Day treat. Wishing a fantastic Father's Day to all the dads who strive to be the best versions of…
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Florida Housing Market Trends: Prices Rise, Inventory Grows
Florida's housing market is experiencing growth with rising sales and prices, along with an increase in inventory. Closed sales for single-family homes and condo-townhouse units have risen, as have median prices. The expanding inventory provides more options for buyers, potentially leading to a more stable pricing environment. Regional variations in market performance exist, but overall,…
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Happy Flag Day | Brought to you by The Cantrell Team
Flag Day is the American flag's birthday party every June 14th! Flag Day was proclaimed in 1916 but officially recognized in 1949. Talk about a late celebration! Betsy Ross, a seamstress, sewed the first flag. Imagine if designers today made flag-inspired outfits!
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Will Construction Insurance Costs Kill Florida’s Real Estate Boom? | Brought to you by The Cantrell Team
Rising insurance costs due to lawsuits against developers and insurers are threatening Florida's booming construction industry. Florida lawmakers recently passed a bill that makes it harder to sue developers for construction defects, aiming to reduce lawsuits and insurance costs.
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Florida Homeowners Insurance Rates Surge | Brought to you by The Cantrell Team
Florida homeowners saw ↑40%, paying more than four times the national insurance avg. 75% of Florida homeowners saw insurance hikes, 12.5% lost their carriers last year.
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Brought to you by The Cantrell Team | Florida Housing Market: Potential Buying Opportunity
Sellers in Florida are cutting property prices to attract buyers. The rapid growth seen during the pandemic has slowed, creating a potential buying opportunity.