Florida seemingly continues to operate in its own world—at least when it comes to real estate. While signs indicating slowing momentum are popping up more and more throughout the nation, six of the top 25 overvalued home markets are right in our backyard, and several new studies indicate a prolonged period of unaffordability.

Florida Atlantic University, Florida International University, and the University of Alabama found that the current combination of high demand and low inventory that began at the start of the pandemic is likely to continue thanks in part to future population growth projections.

Which Florida Communities Are The Most Overvalued?

Of the six Sunshine State metro areas identified, Fort Myers topped the list. Typical buyers

Lotus Palm by GL Homes: Your Questions Answered

Yet another exciting, new construction luxury community will soon be completed on the site of a neglected municipal golf course. This time around, the former site of the Boca Municipal Golf Course, located off Glades Road and west of the Florida Turnpike will be converted to GL Homes’ newest project: Lotus Palm. 

Potential homeowners who have missed the boat on Boca Bridges, Lotus, Seven Bridges, and other popular Boca Raton and Delray Beach new construction communities are no doubt delighted to hear of this latest opportunity to design and build their own brand-new South Florida luxury residence. 

As experts in the Boca Raton luxury niche, we’re happy to answer as many of your questions as

South Florida 3rd Quarter Real Estate Market Report

How's the South Florida real estate market?

The Recipe for our 3rd Quarter 2021 Florida Housing Market

Here’s the Recipe for Our 3rd Quarter 2021 Florida Housing Market: Take one large housing-supply shortage; add a global pandemic, economic shutdown, and supply chain shortages; mix in rapid population growth, and you will yield today’s residential real estate market.

At a national level, we’re seeing record gaps in housing supply and demand. The US Census reveals 12.3 million households were established between January 2012 and June 2021. Compare this to the 7 million new single-family homes constructed during that time.

Florida Realtors reports a robust pace and high absorption rate

In the wake of the tragic collapse of the Champlain Towers South in Surfside, more questions and concerns regarding the safety of buildings throughout South Florida have emerged seemingly every day. Now, a coalition under Palm Beach County’s League of Cities has proposed an inspection of many condos, apartment buildings, hotels, and offices both east and west of I-95.

The proposal targets buildings a minimum of 25 years old east of the highway, and 35 years old on the western side, regardless of height. This surpasses the standard of 40 years of age in Miami-Dade and Broward counties. While one and two-family homes, government buildings, and schools are excluded, this would result in a massive undertaking, as 90% of the condominiums stretching from

South Florida Real Estate Market Report

How's the South Florida real estate market?

Reflection...  Looking back and looking ahead

To sum up Florida’s real estate market for the first half of 2021, one word comes to mind: unexpected. Florida has long enjoyed an influx of residents migrating from across the country, and around the world, to call the Sunshine State home. With remote work becoming a permanent option, over 900 people per day are moving to Florida, according to the Palm Beach County Business Development Board. Reasons for this explosive growth in Florida can point to fair weather, a business-friendly climate, and the lack of state income and estate tax.

Low-interest rates continue to fuel affordability and drive high absorption

South Florida Real Estate Market Report

How's the South Florida real estate market?

Reflection...  Looking back and looking ahead

After wrapping up a year to remember in 2020, Compass is proud to share our first Florida market report of the year, showcasing data from Q1 for South Florida, North Florida, Southwest Florida, Central Florida, and the Greater Tampa Bay. While not all facets of life have returned to prepandemic norms, especially as it relates to the international travel that injects additional movement in the housing market, real estate nationwide has benefited from signs of recovery including an increase in consumer expenditure, vaccination distribution, a decrease in unemployment from 14.7% to 6% (BLS.GOV), and an acceleration of

South Florida Real Estate Market Report

How's the South Florida real estate market?

As we enter 2021, we’re taking a moment to reflect on a quarter that closed out one of the most unique years of our lives.

Last year taught us that home is so much more than the place where you sleep at night. As the lines in our lives began to blur, so did the way we experienced home. A formal dining table that was once merely for show moonlighted as our childrens’ desks as they navigated a new world of virtual learning. Kitchens previously used for an occasional dinner were enhanced with new gadgets and recipe books, as millions of US residents tried their hands at bread-making, cocktail-mixing, and getting that restaurant-worthy recipe “just right”. Living

Boca Raton's Luxury Landscape Grows with a Generous Donation

Exciting developments are underway in Boca Raton, as MSD Partners and Northview Hotel Group, the current stewards of the esteemed Boca Raton Resort & Club, have just revealed their intention to bestow the Boca Country Club to the city. This 130-acre sanctuary, known for its lush greens and luxurious amenities, is transitioning from an exclusive membership to a community embrace in October 2021.

A Public Haven for Golf and Tennis Enthusiasts

Nestled on Congress Avenue, a serene locale just seven miles from the bustling life of the resort, Boca Country Club has long been a symbol of the high-end lifestyle in Boca Raton. Featuring an 18-hole championship golf course, premier tennis courts,

Overlooking Lake Boca from Mizner Grand condominium's coveted center stack, this modern masterpiece creates the feel of a luxury estate home with the services of a five-star resort.  Commanding majestic views of the bright blue waters, this 5th floor residence offers both east and west facing balconies which look onto Lake Boca, the Atlantic Ocean, and the Boca Resort's golf course.  Tastefully designed, this spacious residence totals 4,878 square feet with three bedrooms, four full and one-half bath, a state-of-the-art home theater with commercial-quality Bang and Olufsen surround sound, and two parking spaces.

Mizner Grand condominium's double gate-manned entry leads to a Porte Cochere where you will be greeted by the valet who escorts

Moderne Boca, central Boca Raton's newest community, is under construction on one of the last undeveloped parcels in central Boca Raton. Located on the northeast corner of Spanish River Blvd and Military Trail, Moderne Boca Townhomes will be comprised of 75 contemporary townhouses, each three stories with outdoor space and two car garages.  Moderne Boca Townhomes will have 3 bedrooms and prices are expected to start in the low $600's.  West Palm Beach-based Kolter who built One City Plaza and Two City Plaza in Downtown West Palm Beach is the builder of this new community.  Affinity Architects designed the unique townhouses. 

The location of Moderne Boca places it directly around Don Estridge Middle School, Pope John Paul High School, Lynn