By Amber Randall | South Florida Sun Sentinel
South Florida home prices are soaring, and the number of available homes is shrinking, as buyers continue to struggle to find homes in today’s market.
Sellers have the advantage in the market, and buyers are desperate to land a home in an environment where properties are being bought up in a matter of days, as home prices shoot up by 20% in some areas when compared to last year.
This battle comes as the state’s real estate market continues to price out homeowners and renters alike.
A deal struck last year between the legislature and the state’s main affordable housing arm appears to be in jeopardy as the House and Senate prepare to reconcile their rival spending plans.
For decades the Florida legislature has swept money out of a trust fund designated for affordable housing. Those sweeps amount to… READ ARTICLE
By: Alexandra Clough | Palm Beach Post
Very small apartments known as micro-apartments could be an answer to downtown housing woes.
How small is a micro-apartment compared to a studio apartment?
These apartments are about half to two-thirds the size of standard apartments. In West Palm Beach, they could be as small as 340 square feet for a studio…
By: Arthur Acolin, Alex Ramiller, Rebecca J. Walter, Samantha Thompson, and Ruoniu Wang | Housing Matters
Homeownership is a key tool for wealth building, particularly for households with low and moderate incomes, for whom homeownership is often their primary means of asset building. Yet barriers to entry, including down payments and other borrowing constraints, prevent many households from accessing and equitably benefiting from homeownership.
By Amber Randall |South Florida Sun Sentinel
According to a newly released forecast from realtor.com on how the housing market will fare in 2022, home prices are expected to rise almost 6% in South Florida over the next year. This comes after a year and a half of already record growth.
There is some good news in the forecast for South Florida home buyers, as it may indicate that the housing market is returning to a more healthy growth rate, after over a year of frenzied demand.