Philip Stecco, Esq.

Title and Escrow Services!

01/10/2025

Nearly 700 Party City store leases heading to auction

Nearly 700 Party City store leases will be heading to auction next month, according to an announcement Friday.

01/09/2025

Lakeland, Palm Bay, Jacksonville, Tampa, Sarasota, Fort Myers and Daytona Beach — and Ocala grew!

When people used U-Haul to move last year, an awful lot of them moved to Florida. Here's where they went.

01/07/2025

What's ahead for Space Coast development? Everything from luxury homes to high-tech centers

As population grows, residential, commercial, industrial construction moves at fast pace throughout Space Coast

01/05/2025

Millions of Floridians in need of affordable housing, says new report https://buff.ly/41Y3d9X

The Florida Housing Coalition's 2024 Home Matters report highlights a severe housing crisis, with 2.4 million families cost burdened, spending over 30% of their income on rent and utilities. Of these, 1.3 million low-income households are severely cost burdened, spending at least half their income on housing.

CEO Ashon Nesbitt emphasizes the need for more affordable housing and ways to reduce living costs amid record-high inflation and stagnant wages. The report also shows a 21% increase in homelessness among children since 2022, with 94,899 children affected last year.

The report links unaffordable housing to food insecurity, health hazards, and mental health issues. Lower-income families face the highest electric bills due to inefficient homes. Nesbitt suggests making homes more resilient and investing in solar to lower costs.

The Legislature's $3.7 billion allocation to the Sadowski Housing Trust Fund is expected to create 57,000 jobs and have a $7.2 billion positive economic impact.

The organization's Home Matters report released Monday shows 2.4 million households are “burdened” trying to stay housed and paying bills.

01/04/2025

The Orlando Regional Realtor Association's latest report shows a mixed year for homebuyers. Despite a 4% increase in median home prices to $380,000, inventory has risen, offering a six-month supply of homes for the first time in 14 years. This could potentially lower prices, though predictions remain uncertain.

Zillow's Senior Economist, Orphe Divounguy, forecasts a healthier market in 2025, with easing mortgage rates and a shift towards smaller, more affordable homes. However, high costs for land, materials, and labor continue to challenge affordability.

In the rental market, Orlando ranks as the 13th most competitive in the nation, with high demand and a 94.7% occupancy rate. RentCafé's report suggests a promising 2025, despite ongoing competition and high living costs.

Buyers and sellers experienced ups and downs in this year’s housing market but also signs that next year’s market might bring more balance and stability.

01/02/2025

During the pandemic, Florida's housing market was one of the hottest in the nation. However, the market has since cooled, with active inventory now back above pre-pandemic levels and falling home prices in areas like Southwest Florida's Punta Gorda and Cape Coral. Condo prices are also down year over year in nearly every Florida market. Some areas, like Gainesville, Palm Bay-Melbourne-Titusville, and Lakeland-Winter Haven, are predicted to experience temporary declines of 10 to 15 percent throughout 2025.

Market analyst Nick Gerli expects national home prices to remain flat in 2025, but projects price declines in Texas, the Southeast, and Mountain states.

Address

Palm Beach Gardens, FL

Telephone

+13055140600

Website

https://www.blockscarpa.com/

Alerts

Be the first to know and let us send you an email when Philip Stecco, Esq. posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Philip Stecco, Esq.:

Shortcuts

Want your business to be the top-listed Finance Company in Palm Beach Gardens?