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Home Buying Requirements: Financial stability Down payment of 3-20% Mortgage pre-approval Home inspection advised Homeowners insurance Florida home buying facts: No state income tax Homebuyer assistance programs Vacation rentals Flood insurance recommended
The value of American homes has ↑ ~50% since the beginning of the pandemic, reaching a total of nearly $52T. Florida has emerged as a housing market powerhouse, surpassing New York to claim the 2nd spot in the nation. Miami-Fort Lauderdale ranks among the top 5 cities with remarkable increases in home values.
Home prices in the US increased by 4.5% year over year in September 2023. The Northeastern states saw the highest price gains, with Maine experiencing a 10.1% increase. Despite rising mortgage rates, the housing market is expected to remain steady. Certain markets with in-migration from expensive states are showing strong price gains. The CoreLogic Market…