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Florida Overtakes NY as Nation’s Second Most Valuable Housing Market

The rising value of homes in Florida has now surpassed New York as the second most valuable housing market in the United States. This is due to a number of factors, including: An influx of people moving to Florida from other states: Florida has a no-income tax, a warm climate, and a variety of job opportunities, making it an attractive destination for people moving from high-tax states like New York and California. A limited supply of housing: Florida has a growing population but a limite...

Tags: affordability, covid-19, economy, Florida housing market, home prices, job opportunities, limited supply of housing, median home price, migration, New York housing market, no-income tax, population growth, real estate, US housing market

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Buildings Are Empty, Now They Have to Go Green

New York City has one of the first and most expensive carbon taxes and has especially felt the impact of carbon taxes in recent years. Landlords in New York City will face a $268 fine for every ton of carbon dioxide emitted beyond certain limits. The impact of the emissions laws will initially be small but one will follow after the other with more costly problems faced by landlords, such as rising interest rates and vacancy rates. Some big landlords with multiple properties around the coun...

Tags: buildings, carbon tax, climate change, costs, emissions, energy efficiency measures, fines, landlords, New York City, real estate, regulations, sustainability, Tenants

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With Interest Rates High, Inventory is Slow to See Increase

Although since May 2022, the active listings for homes have risen by 26%, the national housing market is yet to fully rebound since it hit record lows back in 2021 and early 2022. There are several factors that affect the low supply of homes, including less single family homes being built after the housing market crash in 2008, and an influx of first-time millennial homebuyers in 2022. As a side effect of the pandemic, many companies have begun to implement a remote work culture which gives pe...

Tags: Demand for Home Purchase, Housing Inventory, Housing Market Crash of 2008, Interest Rate Hike, Investors, Lower Property Tax, Millennial Homeowners, pandemic, remote work, Supply Chain

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