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Are Homes Still Selling in Northeast Florida? Yes, Every Day
Yes, homes are still selling in Northeast Florida, even though national sales are down compared to last year. Sales picked up slightly in September, and the pace is slower than in some past years. But slower is not stopped, and homeowners who need or want to move can still find buyers. If you’ve seen headlines…
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Florida’s Affordable Housing Supply Gap
Florida’s affordable housing challenge is a pressing topic for our entire region. Recently, over 1,400 housing professionals convened in Orlando to examine a statewide report detailing affordability concerns impacting everything from rentals and home prices to cost burdens and homelessness. The data is sobering: more than 2.5 million low-income Florida households spend over 30% of…
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Northeast Florida Homes for Sale: Why Inventory Is Rising
More homes are for sale right now because mortgage rates above 7% have led some buyers to pause, so homes are selling more slowly. The rise isn’t coming from a flood of new listings. Unsold homes are simply staying on the market alongside new ones. For Northeast Florida buyers, that means more choices and more…
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Florida condo sales strengthen across price ranges
July brought a notable uptick in Florida's condo and townhouse market: sales climbed 11% overall, with increases seen in every price bracket—properties under $500K rose 8%, the $500K–$1M segment surged 24%, and homes above $1M jumped 31%. These gains reflect both the lasting appeal of Florida’s coastal lifestyle and the renewed confidence of buyers with…
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Mortgage Rate Buydowns: Lower Your Rate in Northeast Florida
A mortgage rate buydown is an upfront payment made at closing that lowers your interest rate, which in turn lowers your monthly mortgage payment. That cost can be paid by the buyer, offered as a seller concession, or included as a builder incentive. For buyers watching affordability closely, it’s one more tool worth understanding before…
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Florida HOA Fees Take a Bigger Share
Florida’s distinctive housing landscape means HOA fees play a larger role here than almost anywhere else in the country. A recent analysis shows that seven of the top 10 U.S. metro areas where HOA fees take up the biggest share of mortgage payments are right here in the Sunshine State. Miami leads the nation, with…
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Florida Condo Owners Seek Year-End Relief
Florida condo owners are facing a pivotal moment as the state considers how to ease financial strain tied to updated building safety regulations, originally slated to take effect January 1. While the governor has assured residents that relief measures will be addressed before year-end, there's still uncertainty: no special session has been confirmed, nor a…
First Coast Report: a blog about real estate and coastal living.
