On Wednesday, the Florida Department of Economic Opportunity released a list of companies that are now looking to sell or rent their Florida real-estate properties, and the list includes Florida realtors and real estate agents.
Here’s what’s new: Florida realtor companies are now limited to offering a 10-day lease for new property sales, up from a three-day minimum.
(A three-month lease would allow an individual to sell property for up to 30 days at a time.)
The department said that it has increased the minimum purchase price for new Florida properties to $1 million from $900,000.
But the maximum purchase price is now $1.2 million.
(The maximum purchase value for a condominium, which is similar to a home, is $1,100,000.)
The Florida realty market is booming.
According to a new report by The Associated Press and the National Association of Realtors, Florida is home to more than 1.5 million residential units and more than 2.1 million rentals.
(There are some discrepancies between the AP and the NAR report, but both state agencies have said they are comparing the number of units and rentals in the two states.)
The NAR said it has found an increase in the number and type of properties being marketed as condos, while the AP reported that the number is actually decreasing.
In Florida, more than half of all condos and homes listed on the state’s housing market are sold as condos or apartments.
In its release, the agency said that, in the last two years, Florida has experienced an increase of more than 3,000 units per month in market value.
That means that the state is adding about 5,000 new units per week to the market, and that there is a clear increase in demand for rental properties in the state.
The NAP and the AP said that Florida real Estate Association chief executive officer, Paul Tummin, told the AP that the real estate industry is booming, but it needs to stay competitive in the marketplace.
He said that demand is still being driven by home-ownership, but he expects that demand to pick up over time.