Florida Keys Real Estate Blog
Early Indications of Market Shift Nationally
Competition has been fierce for homebuyers these past two years. When a new home hits the market, there seems to be a frenzy of interested buyers all racing to snatch it up before anyone else can, and all looking to outbid their opponents. The competition created by a huge imbalance...
...read moreFlorida Keys’ Most Iconic Bar Celebrates 85 Years this Week
Florida Keys. Sloppy Joe’s Bar. These two go hand in hand in the thoughts of millions when they think of our tropical paradise. Known in the hearts of many as their favorite corner bar, it has become one of the most easily recognizable and favorite tourist hotspots in the Keys,...
...read moreFlorida Special Session Scheduled to Address Property Insurance Issues
Homeowners in Florida have been experiencing what some consider to be a “crisis” in the area of homeowner’s property insurance. Not only are rates going up, but many are losing coverage at record rates. This week, Governor Ron DeSantis announced that a special session of the Florida Legislature will convene...
...read moreFlorida Keys’ Most Expensive Listing Under Contract After Nearly 7 Years on Market
The Florida Keys luxury real estate market is full of amazing properties, but the most expensive property in the Keys is officially under contract! The property at 10 Cannon Point has been listed since October of 2015 but has recently been updated on the MLS to contingent, which means it...
...read moreMiami Leading the Way for Nexus of Real Estate and Crypto
Miami is quickly becoming the technology and finance hub of the country. Much has been reported about the large numbers of companies in both industries that have been pouring into South Florida, both expanding and relocating offices to our sunny locale. It also seems to be becoming the nerve center...
...read moreAppetite for Second Home Purchases Cooling Across the Nation
As the pandemic raged in recent years, the market for second homes surged to record numbers. From remote workers able to move more freely and for longer periods of time, to those looking for a quarantine escape, second home purchases soared. Demand for second homes peaked this time just one...
...read moreHomeowners Associations Seek Ways to Combat Flood of Investors
In the current real estate market, investors are making up a larger and larger share of the buying pool. With rental prices reaching truly astronomical rates, investors are flocking to markets and scooping up residential properties to flip as rentals - and they are paying cash to do so. According...
...read moreMortgage Interest Rates On the Rise With Lasting Implications
Mortgage rates are on the rise again. As of April 14th, the average rate for a 30-year fixed mortgage is 5.2% - a marked increase of more than 1.5% from the beginning of the year - and is expected to continue to rise. As a result, traditional mortgage applications have...
...read moreCanal Restoration Work Begins in Key Largo
The canal restoration project funded by Florida Department of Environmental Protection Keys Stewardship Grant is underway in Key Largo. For the past five years, Monroe County has been working on a plan to restore the water quality in local canals and to increase the levels of dissolved oxygen to acceptable...
...read moreHousing Market Crash Like 2008 is Unlikely According to Economists
2008 - just 14 years ago - our generation saw the biggest housing crash since the Great Depression, which ushered in our own Great Recession. In the years leading up to the crash, the real estate market seemed to be on fire. Much like today, home prices were on the...
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