As the housing market shifted under the weight of elevated mortgage rates and inflation in April, the most recent S&P CoreLogic/Case-Shiller Indices show that price growth for single-family homes in the U.S. experienced a mild acceleration.
The organization revealed that home prices climbed 20.4% in April, slightly down from March’s 20.6%. All 20 cities saw annual price growth as the 10- and 20-City Composites rose 19.7% and 21.2%, respectively.
A large influx of newcomers seeking warm weather and looser restrictions during the pandemic, topped off by a wave of remote workers, has turned Florida into the most sought-after region by renters in 2022, according to a new study by RentCafe. Specifically, they report that Miami-Dade County is now the hottest rental market in the nation, as the demand for apartments in Southern Florida is stronger than ever, putting apartment seekers in a tight spot to find a new place to call home, due to high occupancy, low supply and record-high lease renewal rates.
RE/MAX has announced that Broker/Owner Sal Montoya has affiliated his company Anela Realty with the franchise and will now operate as RE/MAX Anela Realty, serving buyers and sellers throughout Orange and Riverside Counties in California.