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Analysts revise their outlook: Home prices won’t decline this year. Inventory has decreased by 39%, impacting availability & prices compared to pre-pandemic. High mortgage rates discourage sellers from listing their homes, leading to reduced inventory. Homebuilders slowly increase construction to meet demand but at a cautious pace. Despite affordability and supply challenges, home sales and…
The lack of affordable housing is a major issue in South Florida, with people doubling up with family or friends, couch surfing, or even ending up on the street. To combat this, Miami-Dade County has started buying buildings to convert into affordable housing units and approved the installation of accessory dwelling units. Companies such as…