Residential Rajkumar Ramkerath October 18, 2024
Florida's real estate market is strong, with inventory increasing and median sales prices slightly above. Demand for single-family homes exceeds supply. Home prices are expected to increase 2.1% in 2024 and approximately 10% in 2025, driven by job opportunities and a strong economy. Buyers should be wary of good mortgage rates and economic ups and downs. Significant growth is expected through 2030 despite challenges like natural disasters and rising insurance costs.
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