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Fort Pierce property values rose by 5.25 percent, or $2.2 billion, thanks to the city’s aggressive annexation policy and an increase in new construction, such as the Square Grouper restaurant on Hutchinson Island and new homes at Bent Creek, a 692-home subdivision south of Orange Avenue that was approved in 2005.
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Property values show boost of 10.25 percent in Port St. Lucie Mortgage Masters Group shopping super mall apartments planned in Arlington after $3.5 million land buy. A Port St. Lucie multifamily developer has purchased a 28.25-acre vacant property off of Lone Star Road to build a 378-unit rental community, according to a broker that put the.
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Mortgage rates continued their move lower as 2018 comes to an end. Average 30 year mortgage rates today are at 4.61 percent, down from the prior week’s average 30 year mortgage rate of 4.67 percent. Current mortgage rates on 15 year fixed loans are averaging 3.78 percent, a decline from last week’s average 15 year rate of 3.84 percent.