The Federal Reserve intensified its fight against inflation in June by announcing the biggest interest rate increase in 28 years as the government's main lending institution tries to rein in skyrocketing consumer costs. 

The largest increase since 1994, the Fed increased its benchmark interest rate by three-quarters of a percentage point. That comes after increases of a quarter point in March and a half point in May. The increase is due to growing prices for rent, groceries, gasoline, and a variety of other goods and services. Higher interest rates will increase the cost of carrying a credit card bill, obtaining a vehicle loan, and purchasing a home.

Rate increases are anticipated to continue in the upcoming months. In general, Fed policymakers

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Florida seemingly continues to operate in its own world—at least when it comes to real estate. While signs indicating slowing momentum are popping up more and more throughout the nation, six of the top 25 overvalued home markets are right in our backyard, and several new studies indicate a prolonged period of unaffordability.

Florida Atlantic University, Florida International University, and the University of Alabama found that the current combination of high demand and low inventory that began at the start of the pandemic is likely to continue thanks in part to future population growth projections.

Which Florida Communities Are The Most Overvalued?

Of the six Sunshine State metro areas identified, Fort Myers topped the list. Typical buyers

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Vini Antonacci and Brian Pearl of Lang Realty recently represented the buyer of a new home located in Golden Oak at Walt Disney World®. The Pearl Antonacci Group sold this estate built by Cahill Homes, located on Hyperion Lane in Golden Oak, Florida for $3,980,000. 

This beautifully designed Tuscan-style home features 5 bedrooms, 5 full and 2 half bathrooms, a 2-bay garage, and over 5,000 square feet of living space.  The front entry includes a serene and impressive foyer with 25-foot ceilings. Elegant porcelain tile runs seamlessly throughout the interior of the ground level and dark stained oak wood is found on the stairway treads and second floor.  The main staircase is made of exotic wood and has wrought iron balustrades with Disney characters

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965 Tropic Blvd, Delray Beach, FL 33483

965 Tropic Boulevard is a beautiful two-story waterfront home for sale in Delray Beach, Florida, unobstructed views of the Intracoastal Waterway, just one lot off the point lot.  Situated along a navigable canal with ocean access and no fixed bridges, the home is a boater's paradise.  The homesite is on a cul-de-sac with no through traffic and sits on a 10,000 sq ft lot.  The property provides 118± feet of deep water-frontage allowing for large water vessels.  

The beautifully scaled residence provides a total of 4,454± square feet in a light-filled, open floor plan which includes four bedrooms, three full baths, and a 2-car garage.  Upgrades include a newly renovated kitchen with granite counters, GE Profile

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Overlooking Lake Boca from Mizner Grand condominium's coveted center stack, this modern masterpiece creates the feel of a luxury estate home with the services of a five-star resort.  Commanding majestic views of the bright blue waters, this 5th floor residence offers both east and west facing balconies which look onto Lake Boca, the Atlantic Ocean, and the Boca Resort's golf course.  Tastefully designed, this spacious residence totals 4,878 square feet with three bedrooms, four full and one-half bath, a state-of-the-art home theater with commercial-quality Bang and Olufsen surround sound, and two parking spaces.

Mizner Grand condominium's double gate-manned entry leads to a Porte Cochere where you will be greeted by the valet who escorts

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Moderne Boca, central Boca Raton's newest community, is under construction on one of the last undeveloped parcels in central Boca Raton. Located on the northeast corner of Spanish River Blvd and Military Trail, Moderne Boca Townhomes will be comprised of 75 contemporary townhouses, each three stories with outdoor space and two car garages.  Moderne Boca Townhomes will have 3 bedrooms and prices are expected to start in the low $600's.  West Palm Beach-based Kolter who built One City Plaza and Two City Plaza in Downtown West Palm Beach is the builder of this new community.  Affinity Architects designed the unique townhouses. 

The location of Moderne Boca places it directly around Don Estridge Middle School, Pope John Paul High School, Lynn

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Click here for more photos of this stunning home in St. Andrews Country Club in Boca Raton.

Brian Pearl and Vini Antonacci of Lang Realty have recently listed this custom built home in St. Andrews Country Club of Boca Raton, Florida. The luxury home was listed for $3,795,000 and boasts 7 en-suite bedrooms, fitness room, a steam room, cigar room/library, and home movie theater as well as a 3 car garage and swimming pool and loggia. 

Desirable Cul-De-Sac Lot with Double Fairway Views of The Olde Course

Spectacular Spanish Renaissance estate home in St Andrews Country Club features 7 en-suite bedrooms plus a convertible bedroom currently used as an office/library, fitness/yoga studio with steam room, home theater, and children’s play/study

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An affiliate of Siemens Group paid $13.5 million to acquire the site of the Akoya condominium project at the Boca West Country Club.

BW-PC LLC, an affiliate of the country club, sold the 6.8-acre site along Boca West Drive to BW-INV LLC, an affiliate of Boca Raton-based Siemens Group led by veteran developer Richard Siemens. The site last traded for $2.35 million in 2007, when Walt Disney World sold it to the club.

Akoya features 140 units with reduced prices now ranging from the $800,000s to over $2 million.  Original pricing started at $1.2 million for decorator-ready units, meaning no finishes, flooring, or fixtures.  Akoya condos will now be delivered with luxury appointments and features including gourmet kitchens with Wolf and Sub-Zero

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Luxury Lakefront Estate Home in the Equestrian Club of Wellington

Absolutely stunning two-story lakefront estate home. Boasting over 4,100SF of living space, Situated on a premium waterfront lot (15,000SF) offering the best wide lake views and ultimate privacy. Beautiful 24-inch porcelain tile floors throughout with Crema Marfil marble staircase. Chef's kitchen features stainless steel appliances including a commercial grade Thermador six-burner gas range, Maytag double wall ovens, granite countertops, wood cabinetry with pull-outs, walk-in pantry, and even a 500-bottle wine room! Impressive wrought iron and wood railings. Soaring 21-foot ceilings and two-story window in the formal living room provides the perfect amount of natural light. First…

The Downtown Boca Raton new construction craze continues with the latest project being Tower One Fifty Five. This condominium building, by Compson Associates Inc., is a twelve story building to be located on a 1.2 acre site on the 100 block of East Boca Raton Road.  These 1, 2, and 3 bedroom condos will vary in size from 743 to 2,475 square feet, and are predicted to be moderately to luxury priced between $450,000 and $2,000,000, averaging at around 500 per square foot.  There will be four (4) duplex-style 2-story penthouse units with soaring ceilings and expansive terraces offering views of the Atlantic Ocean, Downtown Boca, and the Boca Resort & Club golf course.  In addition, several townhomes will line the exterior on the south side of the building,

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