Low levels of inventory mean that sellers continue to have the upper hand in the housing market. Mortgage rates have come down from their peak but are still high, and steep home prices are ... Continue to full article...
Real Estate & Mortgage News
Using a home equity line of credit (HELOC) is an unconventional approach to paying off your mortgage early. While tapping your home equity to reduce your home loan balance has several potential ... Continue to full article...
The Senator proposed a bill for landlords to disclose flood zones to tenants. The bill, if passed, applies to apartments in July 2024, aiming to protect renters. Landlords must inform potential tenants about flood zones and any subsequent changes....
Hurricane Impact: Hurricane Ian prompted a need for stricter building codes in Florida. Post-Storm Rules: Federal rules, like FEMA's 50% rule, complicate rebuilding after significant damage. Market Opportunities: Market upheaval creates opportunities for buyers and sellers in Southwest Florida....
A normal part of the mortgage application process, conditional approval means the lender will give you a home loan, provided you address certain additional criteria. Common conditions to change ... Continue to full article...
Heading into 2024, the market's trajectory in South Florida is mired in uncertainty, impacted by variable home inventory and economic factors.With mortgage rates at a 23-yr high, ~ 8%, they significantly shape market conditions and buyer behavior....
South Florida cities are grappling with the use of mobile homes and RVs as rental properties due to high real estate prices. While some residents see it as a necessary solution to high rents, officials are concerned about safety and zoning violations. Similar issues are being faced in other cities like San Francisco. The affordability of mobile homes is appealing, but the impact on city standards and...
Florida's home insurance rates have significantly increased due to an insurance crisis, with several companies going insolvent since 2020. Despite recent reforms, experts warn the industry is still not fully stable. However, new insurance companies are entering the market, indicating some improvement. Factors such as material costs, severe weather, and lawsuits have contributed to rate increases....
Florida's housing market saw a slight price increase in 2023, with median home listing prices above the national average. Predictions for 2024 indicate potential fluctuations in mortgage rates, prompting buyers and sellers to wait. Despite this, inventory needs to increase to meet demand. No housing market crash is expected in Florida in 2024. Decisions to buy or sell should be based on individual...
Senate Bill 154 introduces critical changes for condominiums and cooperatives in Florida. It mandates "milestone inspections" every 10-yr for certain buildings, emphasizing life-safety and adequacy. It updates definitions and requirements for the Structural Integrity Reserve Study (SIRS) to ensure building safety....