Category: Uncategorized
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How Will Florida Handle the Condo Repair Crisis?
Florida faces a condominium crisis with owners possibly priced out due to costly safety repairs. A 2025 deadline requires condo associations to inspect buildings and set aside funds for necessary repairs.
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Housing Scorecard: Inventory jumps as sales slide
Nationally, interest rates decreased from 7.31% to 6.08%, while pending home sales fell from 72.8 to 70.6. Builder confidence dropped from 45 to 41, and unemployment rose from 3.8% to 4.2%. Locally, unemployment rates varied, with Miami, Fort Lauderdale, and West Palm Beach at 3.4%, and Naples at 3.7%. Housing starts increased in Miami, while…
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Will Fall Bring Relief to the Housing Market?
Home prices surged during COVID-19, raising affordability concerns. As mortgage rates increased due to the Federal Reserve's actions against inflation, the market faced challenges. Recently, mortgage rates have decreased to around 6%, and home prices have slightly moderated. However, income disparities persist, and many homeowners with low-rate mortgages are reluctant to sell. While there are…
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Experts Warn of Florida Condo Market Collapse
Florida’s condo market faces soaring costs, driven by rising HOA fees and stricter safety regulations. Experts warn of a potential mass exodus of condo owners, leading to a glut of unsold units.
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Audit Unveils Critical Fixes for Florida Insurer
Audit of Florida’s state-owned insurance corporation recommended improvements in customer service and fiscal management.Coverage includes dwellings, personal property, rentals, and additional living expenses; underwriting guidelines must be followed.
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Consejos Legales Esenciales Para Compradores De Viviendas
Confirma la propiedad y la existencia de gravámenes antes de comprar bienes raíces.Examina cuidadosamente los términos como precio, financiación y contingencias.
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Tips for a Smooth Home Selling Experience
Being well-prepared with a conveyancer and mortgage lined up can help avoid delays. Working with estate agents ensures your home is priced correctly and presented well for buyers.
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South Florida’s Office Market Resilience
High-end renovations draw tenants: Premium upgrades boost rents and attract top clients. Pandemic migration drives demand: Executives relocate, stabilizing South Florida office values.
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South Florida Home Sales Drop in Early-Fall
Home sales dropped 14.7% in September, with 262 closings compared to 307 in September 2023. Sales dropped 10.2% year-over-year, with 661 homes sold compared to 736 in September 2023.
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South Florida Housing Market Forecast for 2025
Lower mortgage rates and economic improvement will drive a recovery in home sales, particularly in luxury markets. Sustained demand for single-family and luxury homes will keep prices rising, although at a more moderate pace.