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Competitive rental market drives prices skyward

Competitive rental market drives prices skyward Palm Beach Gardens had biggest rent increase in the USA A competitive housing market has impacted rent prices in South Florida. and last updated 2021-05-25 17:40:28-04 A competitive housing market has impacted rent prices in South Florida. A Florida Atlantic University analysis found homes are selling for almost 13% more than they should in South Florida. “It is crazy right now,” said realtor Christopher Tapia. He said it’s been hard finding places for people who want to buy and rent, and his clients are paying 30-40% more on properties. “So that one $1,200 condo today is now around $1,700-$1,800 a month.”

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Black financial content creators in South Florida are part of a nationwide economic empowerment movement. They say investing in the stock market and property ownership is just as important as saving.

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