Most vacation buyers want income – not family getawaysAUSTIN, Texas – Sept. 17, 2018 – The international market for second homes changed significantly over the past ten years. Buyers now prioritize rental income over purchasing exclusively for their own use, according to a new international survey – Spotlight: Second Homes – Global Trends in Ownership and Renting – from real estate adviser Savills and HomeAway. …continue
Study: Most average Fla. rents rise 3%-8% year-to-yearORLANDO, Fla. – July 10, 2018 – A RentCafe study that looked at average rents in many Fla. cities found that Hollywood (up 9.6 percent) and Orlando (up 8.4 percent) had the greatest year-to-year increases. Out of 19 Fla. cities included in the study, only Davie saw a year-to-year decrease (down 0.3 percent). …continue
Study: Rents still rising but not as fastHOLLYWOOD, Fla. – May 31, 2018 – RentCafe creates a monthly rent report with data compiled from actual rents charged in the 250 largest U.S. cities. In its latest report, it found that nationwide rents rose 2 percent year-to-year – the lowest increase since 2010.
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Rising rents pushing millennials to become homeownersSANTA CLARA, Calif. – April 2, 2018 – This year, the typical spring buyer is on the hunt for a three bedroom, two-bathroom home with a garage and up-to-date kitchen, according to a new survey released from realtor.com. The survey also found that family needs and rising rents are motivating millennials to get into the market, while 55+ buyers are looking for privacy and comfort in their new home.
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Study: In Fla., owning beats rentingLOS ANGELES – July 27, 2017 – Arizona, Nevada and Washington, D.C. are among the 11 states where it’s more affordable to rent than it is to buy a home. But owning a home still beats renting in Florida, according to a study by website GOBankingRates. …continue
