Rodney Cantrell’s Blog

6. Palm Beach County: – Median home price: $524,918 5. Miami-Dade County: – Median home price: $541,837

AI Adoption: Real Estate firms are embracing AI for faster decisions and data-driven insights.Operational Real Estate: Investments in properties like hospitals benefit from steady demand.

Mortgage lenders classify properties into three occupancy levels: – Primary residence – Second home – Investment property Differentiating between second homes and investment properties is crucial for property owners in Florida.

Sunbelt states, including Florida, are experiencing high home prices, making renting a potentially better option. A study by two universities shows that the price-to-rent ratio is off in favor of renting in many Florida cities. Researchers suggest renting until the housing market stabilizes due to an influx of northerners moving to the Sunbelt. Continue to…

Florida's housing market is expected to strengthen in 2024, driven by population and business growth.Despite rising inventory, it remains a seller's market, with prices likely to maintain stability.

Timing is crucial when buying a house in Florida, with spring being favored due to increased listings and competition.Fall is also advantageous as the summer rush subsides, presenting motivated sellers and ample listings available for potential buyers.

Avon Park: An affordable rural community in Central Florida, attracting retirees with a warm climate and amenities for active seniors. West Pensacola: Affordable coastal town in Florida's Panhandle, offering a relaxed lifestyle near beaches and downtown Pensacola.

One of the most contested bills of the legislative session is facing calls for a veto from Gov. Ron DeSantis. The bill aims to increase state control over vacation rentals, leading to concerns about lost tax revenue and local government authority. The legislation sets new statewide requirements for vacation rentals, including occupancy limits and fines…

Consumer protections: – SB 7052 limits insurance cancellations during claims & protects claims from insolvent companies. – More frequent mitigation discount updates & information for policyholders. Insurer accountability: 1. SB 7052 increases regulatory oversight, enforcement penalties, & reporting requirements.

Refinance rates are high and vary based on credit history and financial profile. Mortgage rates change daily, so experts advise shopping around for the best deal. Refinancing can be beneficial if rates drop significantly. Different loan terms offer varying benefits, such as lower monthly payments or quicker payoff. Consider refinancing for reasons like lowering interest…