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State of the market: South Florida home prices soar as inventory dwindles
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…
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Why doesn’t Florida have enough affordable housing? The legislature may be partly to blame
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…
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Tiny but terrific: What are micro-apartments? And do you want to live in one?
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…
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Shared-Equity Homeownership Offers an Alternative Path to Wealth Building for Renters with Low Incomes
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…
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After a year of record growth, home prices will continue to rise in 2022, but possibly more slowly
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…
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The cost to rent in South Florida keeps going up. Here’s what some renters are giving up to make ends meet
By Amber Randall |South Florida Sun Sentinel Wages aren’t keeping up with soaring rents in South Florida, and that’s forcing many renters to make sacrifices and difficult choices between basic necessities and paying their landlords. While rents in the region have surged an average of 22% higher than last year, income has only risen between…
