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South Florida News

South Florida News


FloridaRealtors


The Florida Legislature put condo safety on this week’s agenda by adding inspections and new financial requirements into a bill by way of an amendment.
Attom study: Between 2021 and 2022, rental returns on a three-bedroom house declined in three out of four counties – largely because home prices rose 15%.
A previous property settlement of $83 million – which doesn’t include a separate loss-of-life case – was increased to $96 million on Tuesday.
Of those 21 storms, 10 will be hurricanes, experts said, calling it “really a strange thing that we’ve had six consecutive seasons be so active.”
The short answer: Yes. The longer answer: The process to do so depends on governing docs, and it might not be as simple as it sounds.
A study found that music influences diners’ food choices in a restaurant, but what works for an open house? Consider local tastes and a home’s style when choosing.
Florida Realtors economist: In 1Q 2022, half of new Fla. listings went under contract in 12 days – but look beyond that one statistic to see the shift in market speed.
Pundits expected a slight drop in April new-home sales. NAHB’s chair calls the drop significant and cites the higher cost of new construction and rising interest rates.
Fla. rents are up because demand is up, and new residents boost demand. In 2020, 167 people moved in for every 100 who left. In 2021, the inbound number was 210.
If there is a slump, most economists predict it will be relatively mild – and a majority believe the odds are greater than 50% that the U.S. won’t see a recession at all.
Fla.’s sales-tax “holiday” on hurricane supplies starts this Saturday, and for the first time it includes pet supplies, including some bags of pet food and cat litter.
The $100M program, a top Florida Realtors priority, will provide zero-interest loans to be used toward down payment and closing costs – up to 5% of the loan or $25K.
The Florida Legislature looks at the state’s property insurance challenges this week. A range of proposals will consider legal, structural and reinsurance updates.
A Friday forum hosted by NAR and the Urban Institute brought together government and reporters to focus on better ways to serve marginalized U.S. communities.