Housing News - Florida

Buyers Priced Out of the Florida Housing Market

During the boom, Florida home prices increased 84 percent. Wages, however, did not. The result is that workers in Florida\'s key occupations, such as firefighters, nurses, and law enforcement professionals, have been priced out of the housing market. Here is an interesting collection of charts detailing how many hours people in these key occupations need to work to afford fair market rent, and how much they would need to make each year to afford a median priced home in some of Florida\'s largest metropolitan areas. more

Florida Housing Market: Epicenter of the U.S. Housing Bust

A few years ago when the Florida housing market was red-hot, it was almost impossible for anyone to believe that the good times would end. But end they did. Florida is now teetering on the edge of a statewide recession, and is being referred to as the \'Epicenter of the U.S. Housing Bust\' more

31 Month Supply of Unwanted Condos Flooding Miami Housing Market

A couple of years ago, condos were a hot commodity in Florida, particularly in Miami-Dade County. Today, there is a 31 month supply of existing condos on the Miami-Dade market, and a serious lack of interest from buyers. more

Housing Market Report: Miami, Florida

Home sales in Miami fell for the 17th consecutive month in February. Median prices of single-family existing homes edged up slightly when compared to last year\'s median, but fell when compared to the previous month. more

Falling Home Sales Cast Shadow on the Sunshine State

Sales of existing homes and condos saw double digit decreases throughout the state of Florida in January. Areas with the most dismal performance include Tampa, Orlando, and Ocala, but the other areas of the state aren\'t far behind. more

Orlando HBA Launches $1 Million Media Campaign to Revive Housing Market

The Home Builders Association (HBA) of Metro Orlando launched a $1 million ad campaign this week in an attempt to revive Central Florida\'s housing market. While the goal of the media campaign is clear--to convince buyers that now is a good time to buy a home in Orlando-it\'s hard to say whether or not buyers will buy into the media blitz. more

Wilma Impacts Palm Beach Home Sales

A new report released by the Florida Association of Realtors contains an asterisk next to home sales figures for Palm Beach County. The asterisk is courtesy of Wilma, a storm that did an estimated $20 billion in damage and made calculating accurate home sales figures more than a little bit difficult. more

Florida Housing Market Will Come Back

Like many other states, Florida has seen a slump in homes sales. Still many predict that the Florida housing market will make a comeback at the beginning of next year. more

Buy a Florida Condo and Send Your Kid to College for Free

With Florida condo sales slowing, many builders are getting desperate. One company is even offering to pay for four years of college tuition if you\'ll only sign on the dotted line. more