Mark Rosener News Today

Limited supply and a strong demand are contributing to a major price surge for homes in Florida. A new report from Florida Atlantic University and Florida International University shows home prices in the Jacksonville area are overvalued by almost 40%.

The measurement reflects consumers’ ability to afford a median-price home.

The measurement reflects consumers’ ability to afford a median-price home.

New residents will need places to live and experts are addressing the challenges.

In-depth analysis and perspectives on the issues, people and ideas that define Florida. Statewide coverage of top economic sectors and industries.

NEFAR President Mark Rosener predicts a much calmer year with stabilized interest rates.

The drop, along with a 2% decline in prices, is considered a sign of “a more stabilized market.”

Inflation, rising interest rates and low inventory are factors in higher home costs.

The Northeast Florida housing market showed a minor drop in month-over-month prices in September among higher inventory and mortgage rates.

Homes are on the market longer and there is slightly more inventory.