Connect with us

Published

on

close video Florida’s flourishing real estate market comes with good and bad news: Dolly Lenz

Real estate insiders Dolly and Jenny Lenz analyze the New York and Florida real estate markets on ‘The Claman Countdown.’

A new study found that people living or wanting to move to one of the Sunshine's state fastest growing cities need to make at least $85,000 annually to afford the skyrocketing housing costs in Florida. Throughout the pandemic, Americans flocked to Florida causing rent to soar. 

An April study conducted by Florida Atlantic University (FAU), Florida Gulf Coast University (FGCU) and the University of Alabama found that rent in Tampa, Florida is 5.04% higher than last year. According to FAU and FGCU’s report, the average rent in Tampa is $2,118.75, which ranks 18th highest among the nation’s largest metropolitan areas. 

A downtown sign and city skyline are viewed on February 14, 2011 in Tampa, Florida. (George Rose/Getty Images / Getty Images)

According to the U.S. Department of Housing and Urban Development (HUD), residents are considered "rent burdened" if they spend more than 30% of their annual income toward rent and "severely rent burdened" if they spend more than 50%.

WATCH OUT, SILICON VALLEY: MIAMI IS VYING TO BECOME AMERICA'S AI HUB

With the average rent and the HUD's definition of "rent burdened," individuals would need to make $84,750.12 to avoid being "rent burdened."

Aerial drone View of sprawling Tampa Bay Skyline, Florida. (Joe Sohm/Visions of America/Universal Images Group via Getty Images / Getty Images)

In 2022, during the COVID-19 pandemic, Florida saw about 319,000 Americans relocating as people sought more relaxed coronavirus rules, sunnier weather and no state income tax. 

FED PAUSING RATE INCREASES IN JUNE MAKES IT HARDER TO HIKE LATER: KATHRYN ROONEY VERA

Florida saw a populating increase of nearly 2% – well above the 0.4% national growth rate recorded in the U.S. between July 2021 and July 2022.

From 2020 to 2023, Tampa saw its population grow by a little less than 1% in 2023, compared with a more than 2% increase the previous two years. Orlando, Florida, matched Tampa with similar growth rates. Image 1 of 2

Aerial View of road to Sunshine Skyway Bridge to Tampa Bay Florida and St. Petersburg. | Getty Images

The Exodus to Florida was marked by Americans migrating away from blue states with steep taxes like California and New York to red states with lower taxes like Florida and Texas, according to a Bank of America analyst note that is based on aggregated and anonymous internal customer data.

CLICK HERE TO READ MORE ON FOX BUSINESS

Other red states saw substantial population growth include Texas, North Carolina, South Carolina, Tennessee, Georgia, Arizona and Idaho.

Continue Reading

Sports

No. 7 Georgia Tech down 3 starters vs. Syracuse

Published

on

By

No. 7 Georgia Tech down 3 starters vs. Syracuse

No. 7 Georgia Tech will be without three starters — wide receiver Malik Rutherford, center Harrison Moore and nickelback Jy Gilmore — against Syracuse on Saturday.

All three were ruled out on the ACC availability report after suffering injuries during last week’s win over Duke.

Rutherford is tied for the Yellow Jackets’ lead with 23 receptions and two receiving touchdowns this season and ranks third on the team with 202 receiving yards.

With cornerback Ahmari Harvey out for the second straight week, Georgia Tech will be down two key secondary members against an Orange passing game that is averaging 294.3 yards per game (15th in the NCAA).

The Yellow Jackets are 7-0 for the first time since 1966, while their No. 7 ranking is the school’s highest since 2009.

Continue Reading

Sports

Utah QB Dampier now probable to face Colorado

Published

on

By

Utah QB Dampier now probable to face Colorado

Utah quarterback Devon Dampier has been upgraded to probable for the Utes’ game against Colorado, according to the updated Big 12 availability report released Friday night.

The junior quarterback has dealt with a lower leg injury this season, and coach Kyle Whittingham said Dampier “got beat up in this game pretty good” after the Utes’ 24-21 loss to rival BYU last weekend.

Dampier was initially listed as questionable Wednesday but progressed throughout the week and took reps in practice, sources told ESPN’s Pete Thamel.

The 5-foot-11, 210-pound junior, a transfer out of New Mexico, has started every game despite the injury and ranks sixth in the Big 12 in total offense with 1,375 passing yards, 442 rushing yards and 18 total touchdowns.

True freshman backup Byrd Ficklin played four snaps against BYU and would be in line to start if Dampier is unavailable Saturday against the Buffaloes (10:15 p.m. ET, ESPN).

Utah wide receiver Tobias Merriweather and defensive tackle Dallas Vakalahi were downgraded from doubtful to out against Colorado. Merriweather ranks second among Utes wideouts with 130 receiving yards on eight receptions this season.

Continue Reading

Sports

UNT QB Mestemaker has record 608 yards in win

Published

on

By

UNT QB Mestemaker has record 608 yards in win

CHARLOTTE, N.C. — Redshirt freshman Drew Mestemaker passed for a school-record 608 yards with four touchdowns as North Texas scored 37 unanswered points to beat Charlotte 54-20 on Friday night.

Mestemaker completed 37 of 49 passes with one interception in breaking the record.

He covered 80 yards with three passes — the final one a 41-yard scoring strike to Cameron Dorner — on the game’s first possession to put North Texas (7-1, 3-1 American) up 7-0.

Charlotte (1-7, 0-5) answered with Liam Boyd‘s 24-yard field goal and Grayson Loftis‘ 33-yard touchdown pass to Javen Nicholas to take a 10-7 lead into the second quarter. Loftis and Nicholas then teamed up for a 64-yard score in a one-play drive and Charlotte led 17-7.

Kali Nguma followed with a 29-yard field goal and Mestemaker hit Caleb Hawkins for a 6-yard score to tie it 17-all at halftime.

Charlotte had a drive stall at the North Texas 3-yard line to begin the third quarter and settled for Boyd’s field goal and a 20-17 lead. It was all Mean Green from there.

Mestemaker passed to Tre Williams III for a 30-yard gain to the Charlotte 1 and Kiefer Sibley ran it in on the next play to put North Texas ahead. Nguma added a 41-yard field goal for a 27-20 advantage after three quarters.

Mestemaker connected with Hawkins for a 7-yard touchdown, and Wyatt Young turned a short pass into a 70-yard score and a 20-point lead after the 2-point run failed. Sibley added a 45-yard touchdown run, and Ashton Gray scored on a 32-yard run to polish off the rout.

Young finished with nine receptions for 190 yards. Dorner caught seven passes for 117 yards, and Landon Sides hauled in five for 114.

Loftis totaled 295 yards on 20-for-36 passing for the 49ers. Nicholas had seven catches for 187 yards.

Continue Reading

Trending