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Tackling the Housing Crisis in Florida

As Florida faces a growing crisis in housing affordability, a new initiative emerges to empower the next generation of homebuyers. The average age of first-time buyers has crept up to 38, with many struggling to find affordable options. In response, Nestment, a leading real estate startup, has teamed up with The Keyes Company to unveil the NestGen program—a free five-week homebuying accelerator designed to prepare aspiring homeowners for the housing market.

This collaboration represents the first full-service regional partnership for NestGen, leveraging decades of local real estate expertise from Keyes. The program aims to support first-time buyers, particularly in light of staggering statistics: over 82% of Nestment’s customers are first-time homeowners, and 64% hail from communities of color or are first-generation immigrants. It's a crucial step towards fostering inclusivity in an arena often seen as exclusive.

The Need for Change

Housing costs in Florida have soared beyond what many residents can afford. The median home price for Floridians plummeted from $267,600 in 2017 to $238,800 in 2021, despite the overall upward trend in housing prices. Florida ranks 21st in housing affordability and features one of the lowest rates of millennial home purchase loans in the nation, while cities like Miami and Orlando continuously attract new residents, driving property prices higher.

What NestGen Offers

Starting May 21, prospective buyers can apply to the NestGen program, which offers a comprehensive education on the homebuying journey. Participants will benefit from personalized guidance covering:

• - Mortgage Pre-Approval: Steps to obtain pre-approval to enable serious purchase negotiations.
• - Building a Support Network: How to assemble a reliable team including agents, lenders, and insurance providers.
• - Property Analysis: Evaluating real properties alongside financial implications to understand investment better.
• - Affordability Strategies: Exploring innovative options such as co-buying, house hacking, and rentvesting to ease mortgage burdens.
• - Ownership Responsibilities: Gaining insight into property management and long-term ownership issues.

Moreover, some participants could receive up to $25,000 to help fund their home purchase, making this program not just educational but also financially supportive.

Expert Insights

“Buying a home in Florida is more challenging than ever, especially for young and first-time buyers,” states Christina Pappas, President of The Keyes Company. “NestGen creates a supportive environment for buyers to navigate the complex market with knowledgeable partners helping them achieve homeownership. We want them to build generational wealth.”

Niles Lichtenstein, CEO of Nestment, emphasizes the transformational potential of homeownership: “In a state where affordability remains a pressing issue, our partnership with The Keyes Company provides comprehensive support across every aspect of the homebuying process.”

Conclusion

The NestGen program is a beacon of hope in Florida’s tumultuous housing landscape. As applications open on May 19, 2025, it signifies a collaborative effort designed to address the urgent needs of aspiring homeowners. With the real estate landscape constantly evolving, initiatives like this serve as crucial stepping stones toward making homeownership a reality for many Floridians.

For further information on how to apply and participate in NestGen, visit Nestment today. Let’s make owning a home achievable for the next generation!