Florida

Despite a housing market that has remained solid during the COVID-19 outbreak, the hesitancy of potential sellers is contributing to one of the most acute shortages of available homes in decades.

Florida’s favorable tax laws have long been a draw for high-net-worth individuals, but the pandemic’s disruptions — to work, school, public safety and northern states’ budgets — have increased the allure, pushing many of the wealthiest to finally make good on aspirations to relocate.

Some real estate agents in the Daytona Beach, Fla., area have been reporting an increase in bidding wars for homes because of the low inventory.

Even amid a global pandemic — and by all accounts spurred by it — Palm Beach, Fla., single-family property sales surged during the second quarter, according to a new round of real estate reports.

Miami-Dade and Broward experienced a dip in year-over-year residential transactions in June. But it's not all gloom and doom: Pending sales increased year-over-year, a sign of activity increasing since April.

After steep year-over-year declines in home sales in April and May, Tampa Bay's housing market showed signs of a strong rebound in June from pandemic-induced sluggishness, according to new figures released by Florida Realtors.

After two months of steep drops, home sales leveled off in the Sarasota-Manatee, Fla., region in June.

Despite concerns with the COVID-19 pandemic, the area real estate market saw activity in June that was consistent with June 2019.

The South Florida luxury housing market suffered headwinds in the second quarter. The number of sales dropped up to 55.6% year-over-year in one neighborhood.

The South Florida housing market is experiencing its highest overvaluation in eight years. Still, a housing crisis is unlikely, one expert said.

Nearly a decade of growth in home prices in the Sarasota-Manatee, Fla., region could be coming to an end.

Home sales in May fell sharply in Flagler and Volusia counties in Florida as the coronavirus pandemic continued to put a damper on the local real estate market.

Single-family home sales in Tampa Bay plummeted in May at rates much higher than even April's year-over-year declines as the pandemic continued to stunt the market, according to new figures released by Florida Realtors.

The number of homes sold in Central Florida sunk dramatically in May, an indication of the anxieties swirling around Orlando's previously booming market and the wide-reaching effects of the economic fallout caused by the coronavirus outbreak.

A former Hillsborough County, Fla., mortgage broker has been sentenced to 15 months in federal prison for his role in a scam to which banks lost more than $5 million.

Anyone who has been watching real estate in Palm Beach, Fla., over the past several weeks has seen the number of new contracts — and closed sales — attest to the remarkable vibrancy of the market in chaotic times.

Home sales in South Florida plummeted in April. Realtors blame the health and economic fears wrought by the pandemic caused.

Home sales in Volusia and Flagler counties in Florida declined in April, but prices continued to rise, area Realtors' associations reported.

After a March that still showed some signs of normalcy, April was less kind to Tampa Bay's real estate market as the coronavirus pandemic continued to plummet consumer confidence and disrupt the economy in new and dramatic ways.

The Palm Beach, Fla., real estate market entered the season last fall with a strong wind at its back.