Inflation is plunging across the U.S., but not for residents of this Southern state
Prices remain stubbornly high in one part of the country, driven by high housing costs and an influx of new residents.
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Prices remain stubbornly high in one part of the country, driven by high housing costs and an influx of new residents.
South Florida's relentless upward growth curve appears to be defying national inflation pressures and worries about the banking system. But development's upside can't last forever if rising prices aren't dealt with soon, economists warn.
The Fort Lauderdale-based developer of master-planned communities paid $116 million for properties in Clay and St. Johns counties to close out 2022.
From billion-dollar sales to apartments and a naval museum, this is one of the top deals in Northeast Florida over the past year.
The Fort Lauderdale company also purchased 3,300 acres in Clay County earlier in December.