Category: Uncategorized
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How will the Fed interest rate cut affect South Florida’s real estate market?
The Federal Reserve has cut its key interest rate for the first time in over four years, reducing it by half a point to approximately 4.8%. This move is expected to lower mortgage rates, benefiting home buyers and potentially supporting home prices in South Florida. However, the condo market faces challenges due to falling prices…
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Will New Homebuying Rules in Florida Save or Cost You?
New rules for buying and selling homes take effect on Aug. 17, potentially lowering home prices. Previous commissions were 5-6%, with avg costs up to $25K/sale.
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Florida Sees Significant Rent Reductions in Early-Q3
In July, Florida saw significant rent declines, with Jacksonville’s median rent ↓ 14.3% yearly. Tampa experienced ↓ 5.9% in median rent, contributing to Florida’s overall rent decrease.
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La Reserva Federal reduce las tasas en medio punto. ¿Cómo se verán afectadas las tasas hipotecarias en Florida?
La Reserva Federal ha reducido las tasas de interés por primera vez en cuatro años, disminuyendo la tasa clave en medio punto porcentual a un rango objetivo de 4.75% a 5%. Esta decisión tiene como objetivo mantener la estabilidad económica a pesar de ligeros aumentos en el desempleo y la desaceleración del crecimiento del empleo.…
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Florida Summer Housing Returns to Pre-Pandemic Patterns
Summer sales of residential Real Estate in Florida are not as strong as they used to be. New state laws raise construction safety standards, increasing HOA and maintenance costs for older condos.
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Inside Palm Beach County’s new $7.7 billion budget: Will property taxes rise?
The county government has adopted a tentative budget maintaining the tax rate at $4.50 per $1,000 of assessed property, but rising property values will likely lead to higher tax bills. Property values increased by 9% in 2023, meaning homeowners will pay more despite the unchanged rate. The budget, totaling $7.7 billion, includes a 6% pay…
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Why condo values, sales are dropping in South Florida
The South Florida condo market is facing a crisis as stricter regulations take effect, leading to a 7% drop in sales across Miami-Dade, Broward, and Palm Beach counties. The number of condos for sale surged by 60% in Miami-Dade, impacting values. New state laws, prompted by the Surfside collapse, are causing concern among owners about…
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Florida, Poised for Growth or Crash?
Experts foresee a robust market for the remaining of 2024, fueled by ongoing population and business expansion. Even with increasing inventory, the market remains favorable for sellers, with strong demand supporting stable prices.
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El jefe regional de la Fed envía una señal más clara de que quiere tasas de interés más bajas
El presidente del Banco de la Reserva Federal de Atlanta indicó estar listo para bajar pronto la tasa de interés objetivo del banco central, citando la necesidad de un escrutinio más cercano del empleo a pesar de que la inflación sigue por encima del objetivo del 2%. Aunque la inflación se ha enfriado a nivel…
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Tasas De Refinanciamiento a 30 años Caen Al Nivel Más Bajo en 7 Mese
Las tasas de refinanciamiento de hipotecas a 30 años cayeron al 6.63%, el nivel más bajo desde diciembre de 2023. Las tasas de 15 y 20 años también ↓11 y ↓ 5 puntos básicos, respectivamente.