Rodney Cantrell’s Blog

The FOMC meets regularly to discuss adjusting the federal funds rate. The current rate is 5.25% to 5.50%, the highest since 2001. The Fed is unlikely to cut rates in March, but it may happen in May. In the meantime, consider opening a certificate of deposit and improving your credit score. When rates do go…

December 2023 saw a cooldown in Florida's housing market due to higher interest rates. High-priced housing above $1M thrived in 2023, attracting wealthier buyers, especially those purchasing with cash.

Living costs in Florida are rising; affordability varies across regions like Southwest Florida. The renter would spend 30% of their monthly income on rent.

The haves and have-nots: – Wealthier people self-insure or pay off mortgages, while some low-income families risk going uninsured. Young families hit hard: – Homeownership affordability drops for younger generations due to insurance costs.

Legislators in Florida are working on a bill to give the state control over vacation rentals, including advertising and registration. The bill is facing opposition from vacation rental owners and other committee members. The goal is to create uniform regulations, but some believe it's too restrictive. The bill must pass both the House and Senate…

Florida homeowners are struggling with high insurance premiums, with an average annual cost of $6,000. One homeowner in Milton saw her premium double to over $6,000 a year, increasing her monthly mortgage payment by $600. She applied for the "My Safe Florida Home" program to lower her premium by hardening her home against storms. State…

Experts in South Florida are excited about the potential boost in confidence and deals. Residential sales are expected to rebound with lower mortgage rates. However, high costs and office/multifamily struggles linger as market eyes up.

Valentine’s Day occurs every February 14 around the world, and candy, flowers and gifts are exchanged between loved ones, all in the name of St. Valentine Valentine greetings were popular as far back as the Middle Ages, though written Valentine’s didn’t begin to appear until after 1400. By the middle of the 18th, it was…

Lawmakers in Florida are considering a bill to regulate vacation rentals, giving the state control over advertising, registrations, and parking. The proposed bill has sparked controversy, with some arguing that individual cities should determine their own regulations. The bill still needs to pass through the House and Senate before reaching the governor's desk. Continue to…

Assess your finances before buying a home, save money, and consider different mortgage types. Make sure your credit score, debt, and income are in good shape. Be prepared for the costs of buying and owning a home. Research different mortgage lenders and apply for pre-approvals to find the best rate. Consider high-yield savings accounts as…