Florida
To buy or to rent? New Florida study shares what homebuyers should do now
MIAMI, Fla. — A new study finds rent prices may continue to rise in South Florida, that’s according to research by Florida International University and Florida Atlantic University.
So for those moving to the Sunshine State, is the better move right now to buy or rent?
A monthly study conducted by two Florida universities looked at 100 of the top US housing markets in the country to compare the average prices of homes and rent and see how it fluctuates over time.
The result is the answer to the big question: is it better to rent or to buy?
“Low price to rent ratio favors ownership. So now you are buying homes that are relatively low cost in terms of dollars and price, or one dollar in annual rent.”
According to Ken Howard Johnson with FAU, those in the market right now should go in with a buy-a-home-and-hold strategy.
“I mean, it’s costly to live here, but I think the financial opportunities are here, the professional opportunities are here. When I moved here 20-something years ago, I was floored at the cost of living, especially housing, but I was right to stay, and I think that people years down the road will feel the same,” shared Johnson.
The reason for the push to own rather than rent is due to multiple factors. The main one is a shortage of housing units.
Professor Eli Beracha at FIU said in the US, we are down about 4 million, and the demand is through the roof.
“And that problem is not going to change anytime soon. To build the housing that is necessary to keep up with inflation growth, and to keep up with the shortage, will take at least a decade,” stated Beracha.
It’s the reason that home prices are so high right now.
Researchers said it’s not expected to go down anytime soon but rather stay right where it is.
Beracha shared that transactions in South Florida are currently very low, with sellers not wanting to sell and buyers not wanting to buy.
But buying now is still your best bet before the market becomes even more competitive.
“People think about the risk of, oh, I am going to buy a home, and maybe prices will go down, and that is a big risk. I don’t think that’s going to happen, but I see how people would think so. To me, much more of a risk is what happens if you rent, prices will continue to go up, and I think they will continue to go up as soon as interest rates go down, and then it is being priced. Your rent is going to be higher; you won’t be able to buy a home, and you will be priced out of the Miami market.”
So how do you make sure you are making a financially sound decision?
Beracha said when you are looking to buy a home with all of its expenses, it should not cost you more than around 40% of your income.
Johnson said for those still wanting to rent, make sure you have a savings portfolio to help you in the long run.
Florida
Texas Longhorns vs. Florida Gators Preview
When the Florida Gators and Texas Longhorns faced off in 1940, the Longhorns shut out the Gators 26-0. Since then, the programs have combined for a total of 1,285 wins, 34 conference titles, and seven national championships.
A lot has happened as you can tell, but finally, both teams will face off again, this time, as members of the same conference.
The Florida Gators (4-4 overall, 2-3 SEC) looked dangerous last week against the Georgia Bulldogs with backup quarterback D.J. Lagway before his untimely injury in the second quarter. The Gators were forced to turn to freshman Aidan Warner who failed to keep the Gators in the lead. Florida eventually lost 34-20.
Lagway hasn’t been ruled out for the Texas game, but if he can’t make it back in time, Warner will once again be out there for Florida which shouldn’t be particularly a tough task for the Longhorns’ defense who should have Andrew Mukuba come back after losing the defensive back to injury in the Georgia game.
But the Texas offense will have a taller task. Don’t let the score confuse you against Georgia. The Gators defense stomped on Georgia before mistakes from the offense and special teams started haunting the team. The Gators in their last two games against Kentucky and Georgia have had six interceptions, a concerning development for Texas QB Quinn Ewers who has thrown an interception in every game this year he has played in (except for Michigan) including two against Vanderbilt last game.
Texas will need running backs Jaydon Blue and Tre Wisner to have big games. The Gators’ defense has allowed more than 140 rushing yards in each of their last three games this season and ranks second to last in rushing yards allowed in the SEC at 165 yards a game.
With Texas favored to win by -21.5 points and ESPN giving Texas a 90.9% chance, it could be easy for Texas fans to write off Florida as another victory for the 7-1 Longhorns. But Florida, who hasn’t had a winning season in over three seasons, will have a chip on their shoulder and aren’t a stranger to playing top-ten opponents to their level. If you remember, Florida took Tennessee to overtime in Knoxville just a couple of weeks ago. And if Florida plays Texas like they played Georgia, with Lagway or not, then Texas could be in trouble.
But Texas is hungry to prove themselves as a top team in the nation again. A big statement win could be just that.
2024 record: 4-4, 2-3 in the SEC
Head Coach: Billy Napier
Passing: QB D.J. Lagway
2024 stats: 56 for 92 for 1,071. Six touchdowns and five interceptions.
Rushing: RB Montrell Johnson Jr.
2024 stats: 70 carries for 373 yards and four touchdowns
Receiving: WR Elijhah Badger
2024 stats: 24 catches for 560 yards and two touchdowns
Tackles: DB Trikweze Bridges
2024 stats: 41 (19 solo)
Sacks: EDGE Tyreak Sapp
2024 stats: 3.5 sacks
Interceptions: DB Devin Moore
2024 stats: two interceptions, two pass deflections
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Florida
Gas prices in Florida fall to lowest level since January
ORLANDO, Fla. – On the eve of the November election, Floridians are seeing some of the lowest prices at the gas pump in 2024.
According to AAA, the state average for regular gas dropped 13 cents per gallon last week. On Monday, the state average reached $3.01 per gallon, nearly 20 cents below where the average price was this time of year in 2023.
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“Florida gas prices are at their lowest levels since January 2024,” said Mark Jenkins, spokesman for AAA. “Over the weekend, more than 60% of Florida filling stations had gas prices below $3 a gallon. There’s a good chance the state average dips below $3 a gallon in the coming days.”
In Orlando, the current gas price average fell to $2.98 a gallon.
Florida’s current average is almost 10 cents lower than the national average of $3.10 per gallon.
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Florida
Florida will vote on marijuana, abortion in an election that will test GOP's dominance
TALLAHASSEE, Fla. (AP) — Florida’s election will test whether the state maintains its new reputation as a Republican stronghold, or whether Democrats make some gains by tapping into the support for abortion and marijuana ballot questions and the new energy Vice President Kamala Harris brings to the race.
Gone are the days when Florida was looked at as the biggest prize among swing states. After former President Barack Obama won Florida twice, former President Donald Trump carried the state by a whisker in 2016 and then by a much larger share in 2020. In 2022, Republicans took all five statewide seats on the ballot by landslide margins.
Still, there is a lot of buzz over constitutional amendments that could protect abortion rights and legalize recreational marijuana, with both sides of each issue pumping millions of dollars into advertising. Democrats support the ballot measures and hope they boost turnout to give them at least a chance stopping Trump’s third straight Florida victory and keeping U.S. Sen. Rick Scott from winning a second term.
The only statewide office on the ballot is Scott’s Senate seat. Scott is being challenged by former Democratic U.S. Rep. Debbie Murcarsel-Powell in a race that’s been overshadowed by the presidential election and the abortion and marijuana ballot questions.
Even if Trump and Scott are victorious in Florida, Democratic Party Chairwoman Nikki Fried said the election will be a huge success if the amendments pass and the party flips enough legislative seats to take away the Republicans’ supermajority.
“Look where we were in of November 2022. We had the largest loss that Florida Democrats have ever experienced,” Fried said. “Nobody anticipated that we would even have this conversation today, that the polls are showing that we are tight, that there was even a possibility that Florida would be in play. Everybody counted us out.”
Still, it’s an uphill climb. The amendments need support from at least 60% of voters, and there’s enough money being spent against them that it could create doubts among voters who normally support the issues, said Florida-based Republican political strategist Jamie Miller.
“As a general rule, amendments pass if there’s no real effort against them and they fail when there are real efforts against them,” Miller said.
Miller also believes Democrats are motivated to vote against the Republicans they don’t like rather than be inspired by their own candidates.
“I see excitement against Donald Trump and against Rick Scott, but that as a general rule in the state the size of Florida is not enough to get you across the line,” he said.
Scott served two terms as governor, winning each with less than 50% of the vote. In 2018, he defeated incumbent Democratic Sen. Bill Nelson in a race decided by 0.2 percentage points. But Florida politics changed. The last time Scott was on the ballot, Democrats outnumbered Republicans in the state. Republicans now have a million-voter advantage.
Scott, one of the richest members of Congress, pumped millions of dollars of his own money into the race, as he has with his previous three elections. Far outspent, and with little money coming in from national Democrats until the last few weeks of the race, Murcarsel-Powell struggled to gain attention.
While Republican Gov. Ron DeSantis wasn’t on the ballot, he spent time campaigning against the abortion rights and marijuana amendments. DeSantis even used state agencies to fight the amendment, with the Agency for Health Care Administration set up a website and aired TV ads providing information on abortion and the Department of Health tried to stop television stations from airing a pro-amendment ad.
The abortion amendment would protect the rights of women to have an abortion up to the point the fetus can survive outside the womb. Florida now bans abortion six weeks after conception, when many women don’t realize they are pregnant.
Voters overwhelming approved medical marijuana in 2016. This year they’re being asked to legalize recreational marijuana. The marijuana industry has spent tens of millions of dollars on the campaign, while DeSantis has raised money against it and criticized it often during official events.
Very few, if any, of Florida’s 28 congressional seats are competitive, but the state will elect at least one new member to Congress. Former Senate President Mike Haridopolos is favored to replace retiring Republican Rep. Bill Posey. He’s being challenged by Democrat Sandy Kennedy in a strong Republican district.
Republicans will maintain firm control of the Legislature. Democrats will consider it a major victory if they flip enough seats to remove the supermajority GOP hold in the House and Senate.
One of the legislative seats being heavily targeted is held by Republican Sen. Corey Simon, a former Florida State and NFL football star who is being challenged by nationally known civil rights lawyer Daryl Parks, who is the former partner of civil rights lawyer Ben Crump.
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