The state had an 8% increase in million-dollar earners from 2021 to 2022, reaching 77,670, according to the IRS. But nationwide, that number dropped by 2%.
NAHB: In 4Q 2024, a family earning the nation’s median income of $97,800 needed 38% of its income to cover the mortgage payment on a median-priced new home.
AI tools can speed up and automate data collection, review demographic trends and reduce the potential for human error in real estate market analyses.
Redfin reports 3.7 months of supply in January, the most in six years. Florida ranks high for buyers, with six of the top 10 metros for inventory.
Healthy homes are designed and constructed to improve indoor air quality, reduce allergens and be more energy efficient.
AI is being used in all aspects of real estate, from staging and valuations to appraisals and fraud detection, promising billions in value for the industry.
Overall housing starts decreased 9.8% in January, which is 1.8% lower than a year ago. Multifamily decreased 13.5%.
The Florida DBPR launched a website to clarify condo law changes with educational resources, FAQs and other important information.
Foreclosures rose 8% in January but dropped 7% from last year. REOs increased in 30 states. Foreclosure starts rose 8% from December but fell 4% from last year.
NAHB said builder sentiment fell to the lowest in five months due to concerns over tariffs, mortgage rates and housing costs.
