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☆ No partner? No problem. People are joining forces with friends to afford to buy a house
▼ + stars: | 2024-03-09 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +5 min

Read previewElisa Ball and John Williams bought a house in Florida last year. Though they dated from 1997 to 2009, Ball and Williams are now just friends. As a result, people like Ball are buying homes with friends. I bought every single property with friends, and that was the only way I could get started. You must make sure you trust who you're buying withMaking a purchase as large as home is always risky.

Persons: —, Elisa Ball, John Williams, Williams, Ball, haven't, Bonds, cobuyers, who've, Jordan Pandy jpandy@businessinsider.com, Kristina Modares, she's, Austin, Steph Douglass, Modares, Austin Modares, they're, Noah Sheidlower Organizations: Service, Business, Open Locations: Florida, Palm Bay, West Palm, South Florida, Boca Raton, Austin, San Antonio

☆ I bought a house with my ex 14 years after we broke up. We're saving so much money, and I'm happier.
▼ + stars: | 2024-03-01 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +7 min

My rental in Palm Beach County, Florida, increased dramatically from 2021 to 2023, and it almost became unaffordable for one person. I pay less for my share of the house and have more spaceJohn fell sometime in 2022, and he lived in Daytona Beach, Florida. I began looking in Palm Beach County, and I couldn't touch anything. We also looked in Ormond Beach, Florida, but unfortunately, that didn't work — prices were too high. We looked in Melbourne, Florida, we looked in Palm Bay, we looked in Vero Beach.

Persons: —, Elisa Ball, John, We've, would've, Elisa, we're, Lucie, Brad McGinley, I'm, haven't, Ball Organizations: Service, Business Locations: Palm Bay , Florida, America, Palm Beach County , Florida, —, Daytona Beach , Florida, Palm Beach County, Jacksonville , Florida, Ormond Beach , Florida, Melbourne , Florida, Palm Bay, Vero Beach, Stuart, Port St, California

PALM BAY, Fla. (AP) — Two police officers along Florida's Space Coast were wounded and had non-life-threatening injuries on Sunday during what authorities described as "an active incident." The wounded officers from the Palm Bay Police Department were being treated at a nearby hospital. The agency's police chief told Florida Today that the officer were doing “OK.”In social media posts, the police department asked residents to avoid the neighborhood in northeast Palm Bay where the the officers were hurt. "There is no threat to the public at this time," the posts said. Political Cartoons View All 253 ImagesPalm Bay is located about 75 miles (120 kilometers) southeast of Orlando.

Persons: didn't Organizations: Palm, Palm Bay Police Department, Florida Today Locations: PALM BAY, Fla, Palm Bay, Orlando

☆ How Florida became America's 2nd-most-valuable housing market
▼ + stars: | 2023-10-01 | by ( Dan Latu | ) www.businessinsider.com time to read: +5 min

Florida beat out New York to become the country's second-most-valuable housing market, Zillow said. Of the top six markets that gained the most value since the onset of COVID-19, four are in Florida. The market boom is driven by an influx in new residents putting more demand on the housing stock. Florida welcomed 655,000 new residents since the start of the pandemic, according to Census estimates reported by Insider in March. Stefanie Mortenson traded her life in Virginia for a $159,000 tiny home near Tampa, Florida.

Persons: Zillow, —, Stefanie Mortensen, Stefanie Mortenson, Noelle Lane, Nicole Panesso, There's, David Triana Organizations: Florida, Service, Sunshine, Bloomberg, Florida Atlantic University, Florida International University, Tampa, North, Coral, Lakeland, Cape Coral, Joint Center for Housing Studies, Harvard University Locations: New York, Florida, California, Tampa, Miami, Jacksonville, Orlando, Virginia, Tampa , Florida, North Port, Palm, Gulf Coast, Naples, Cape, Georgia, Tennessee, Nicole Panesso South Florida, Fort Lauderdale, Chattanooga , Tennessee, Clermont , Florida

☆ Homebuyers flocking to Florida have driven cities in the state to become the most overvalued in the US
▼ + stars: | 2023-07-06 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Florida now contains five of the 10 most overvalued cities in the US, thanks to hoards of newcomers in recent years. Tampa, Florida is now the third most overvalued housing market in the country, with buyers paying a 43% premium. Of the top 10 most overvalued housing markets in the US, five are now located in Florida, according to a recent study from Florida Atlantic University and Florida International University. That's a big jump from August 2021, when Florida had zero cities that cracked the top 10. High mortgage rates have driven up borrowing costs for buyers, while limited housing supply has pushed prices higher.

Persons: —, That's, Ken Johnson, Johnson Organizations: Service, Florida Atlantic University, Florida International University, North, Coral, Lakeland, FAU, Sun, Sunshine State Locations: Florida, Tampa , Florida, America, North Port, Palm, Mississippi, Miami

☆ These are the top 10 cities where Americans are overpaying for houses
▼ + stars: | 2023-06-15 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

The housing market remains tight, and some US cities are seeing homes that are listed more than 40% above their historical value. New data from Florida Atlantic University broke down the most overpriced housing markets in the country. Five of the 10 most overpriced cities are located in Florida. FAU researchers compiled current home price data and compared it to historical trends to find which places Americans were overpaying the most. Below are the 10 most overpriced US cities, with the percentage signifying the premium between current prices and long-term pricing trend.

Persons: —, Ken H, Johnson Organizations: Florida Atlantic University, Service, Florida Atlantic University . Atlanta, FAU Locations: Florida, Atlanta , Georgia, Detroit , Michigan, Tampa , Florida, North Port , Florida, Coral , Florida, Memphis , Tennessee, Lakeland , Florida, Charlotte , North Carolina, Palm Bay , Florida, Winston , North Carolina

☆ Black homeowners had the smallest wealth gains over the past decade
▼ + stars: | 2023-04-18 | by ( Anna Bahney | ) edition.cnn.com time to read: +3 min

Middle-income homeowners gained $122,100 in wealth, with homes appreciating 68% over the past decade, according to the report. The study considered a household low-income if it earned an income no greater than 80% of the area median income. Middle-income homeowners are those with incomes over than 80% of the area’s median income but less than 200%. Black homeowners experienced the smallest wealth gains among any other racial or ethnic group, accumulating $115,000 in wealth in the last decade. Along with the wealth gains accumulated over the past decade, homeowners also reduced their debt by 21%.

☆ Rent prices have dropped the most in these 5 U.S. metros. Why it's cheaper to rent than buy in many markets
▼ + stars: | 2023-01-27 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +4 min

Indianapolis; Carmel, Indiana; Anderson, IndianaMedian rent at the end of 2021: $1,300Median rent at the end of 2022: $1,700Rent increase: 30.8% 2. New Haven, Connecticut; Milford, ConnecticutMedian rent at the end of 2021: $2,250Median rent at the end of 2022: $2,800Rent increase: 24.4% 4. Naples, Florida; Marco Island, FloridaMedian rent at the end of 2021: $5,200Median rent at the end of 2022: $6,448Rent increase: 24.0% 5. Memphis, TennesseeMedian rent at the end of 2021: $1,800Median rent at the end of 2022: $1,695Rent decrease: -5.8% 2. Palm Bay, Florida; Melbourne, Florida; Titusville, FloridaMedian rent at the end of 2021: $2,300Median rent at the end of 2022: $2,200Rent decrease: -4.3% 5.

☆ People want to move to Florida's more affordable smaller towns, which some brokers predict will be more popular than cities like Miami this year
▼ + stars: | 2023-01-26 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +4 min

Cities with small-town charm are seen as the places to be in Florida this year. Like many who were moving to the Sunshine State, it wasn't the big, expensive cities like Miami or Tampa that drew the Jones family. Small Southern cities within driving distance of major ones — and suburbs right outside big cities — were some of the most popular ZIP codes to move to in the past year, Opendoor data found. In short, areas like this have usurped big cities like Tampa and Miami as the places to be. But if people are moving to the area for peace and quiet, they might lose that in the future.

☆ Mass Shootings in the U.S.: A Symptom of Despair - The New York Times
▼ + stars: | 2023-01-26 | by ( Jillian Peterson | James Densley | ) www.nytimes.com time to read: +23 min

Seven killed and 46 injured in Highland Park, Ill., on July 4, 2022He suffered from severe back pain. Eight killed and seven injured in Indianapolis on April 15, 2021He was known for being paranoid with a short temper. Five killed and seven injured in Aurora, Ill., on Feb. 15, 2019He had expressed violent thoughts. Nine killed and seven injured in Red Lake, Minn., on March 21, 2005He had been noticeably depressed and angry at church. Seven killed and seven injured in Fort Worth on Sept. 15, 1999He killed his daughter’s cat because he was upset.

☆ Florida deputy killed after officer roommate 'jokingly' fires gun he thought was unloaded, officials say
▼ + stars: | 2022-12-05 | by ( Marlene Lenthang | Marlene Lenthang Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +2 min

A 23-year-old Florida sheriff’s deputy was fatally shot by his fellow deputy roommate over the weekend, in what the sheriff described as a “clearly dumb and avoidable accident.”Brevard County Sheriff’s Office deputy Austin Walsh was killed Saturday morning in Palm Bay by his roommate Andrew Lawson, Sheriff Wayne Ivey said in a Sunday news conference. A single bullet was fired, struck Walsh, and killed him, officials said. Brevard County Sheriff's OfficeLawson immediately called 911 saying he accidentally shot his roommate and needed help, Ivey said. NBC News has reached out to the Florida Department of Law Enforcement for comment. Walsh had served with the agency since he was 18 and was part of its Explorers youth program before that, according to the Brevard County Sheriff's Office Facebook page.

☆ Online real-estate investment firm Fundrise is paying way over housing-market value for some build-to-rent communities. Here's why it says it's still a winning strategy.
▼ + stars: | 2022-10-24 | by ( Alex Nicoll | Lisa Kailai Han | James Rodriguez | ) www.businessinsider.com time to read: +14 min

Build-to-rent communities skip the intermediary and go straight to the homebuilder. While typical single-family rental strategies, pioneered by Blackstone in the aftermath of the Great Recession, are inherently tied to the housing market, build-to-rent is not. In the eyes of private equity, there's no difference between build-to-rent communities and apartment blocks. If you value Cypress Bay as an apartment building, instead of a collection of homes, Fundrise got a good deal. Fundrise is still working on deals, Miller said, with a deal pipeline stretching out to 2025.

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