Category: Uncategorized
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South Florida’s Q3 Office Market Resilience
South Florida’s office market shows resilience with an 8.2% vacancy rate in Q3 2024. Avg office asking rent increased to $37.5/sq ft, up from $36.1 last year.
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How to Save Money on Florida Condo Insurance
Shop around and compare at least three quotes to find better Florida condo insurance rates. Ask about discounts for bundling policies, having protective devices, or living in a gated community.
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Florida Assurance Challenge Sparks National Fund Proposal
Florida's high insurance costs have led to a proposal for a national catastrophic insurance fund. The fund would use federal bonds, potentially spreading the financial burden to states far from disaster-prone areas.
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Palm Beach County Provides Building Permit Fee Waivers for Hurricane Milton Recovery Efforts
In response to Hurricane Milton's devastation, Palm Beach County officials are offering financial relief to homeowners by waiving building permit fees for residents in unincorporated areas. This waiver applies to permits for repair work related to structural damage from the hurricane and is effective from last week until April 14, 2025, with possible extensions. The…
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Q3 Condo Sales Slide Across South Florida
South Florida condo sales declined sharply in Q3, influenced by high mortgage rates and tight inventory. Miami Beach condo sales ↓ 25% with inventory ↑ 40.6% to over 3,400 listings.
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South Florida Luxury Market Defies Hurricane Impact
South Florida's luxury housing market remains strong, with a 9.6% annual price increase despite decreased demand. In Palm Beach, luxury listings surged 180%, with six sales at a median price of $14 million.
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Impacto De La Reserva Federal en Las Hipotecas
Las acciones de la Reserva Federal, como los ajustes de tasas de interés, impactan las tasas hipotecarias al afectar las condiciones económicas.Las tasas hipotecarias a menudo siguen las tendencias de la tasa de fondos federales, pero pueden moverse de manera independiente
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Florida’s condo crisis: In 3 Palm Beach County communities, big issues = high assessments
Licensed engineers and architects have identified significant safety concerns in three condominium complexes in Palm Beach County following inspections mandated by Florida's new law, SB 4-D. The law requires milestone inspections for buildings over 30 years old. Findings include severe roof issues at Lake Clarke Gardens, necessary repairs at Plaza of the Palm Beaches, and…
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Florida: Condo Inspection Deadline Looming
State officials aim to provide relief for condo owners before the December 31 inspection deadline.Condo associations must submit Milestone Inspection reports to assess structural integrity and reserve funding needs.
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Helene’s Winds Could Upend Florida Insurance
Helene's approach to Florida raises concerns about potential damage to homes and impacts on property insurance.The storm could significantly affect the Big Bend area, which may face its third major storm in a year.