Miami's housing market is experiencing a downturn despite its vibrant reputation and lower prices. Miami Beach, on the other hand, has seen substantial price increases in both homes and condos. Divergent market trends have spurred unique migration patterns, prompting some to depart Miami Beach....
Lease Optimization Renegotiate your lease and uncover expense recovery opportunities for potential savings and improved lease terms 2) Leverage Lease Agreement Review your lease for options like termination rights and flexibility to adapt to changing space needs. 3) Space Reconfiguration Reconfigure your space for efficiency, relocate for amenities, and enhance...
Bundling insurance is a common money-saving tactic, but in Florida, it is largely restricted due to the insurance industry crisis in the state. The average homeowner in Florida pays around $6,000 a year, and the 20% discount that bundling offers could translate to yearly savings of more than $1,000. The challenge is due to the type of companies offering policies in the state, which are typically smaller...
The current housing market is challenging, with ↑ mortgage rates, prices, and limited supply. Unlike historical trends, home prices haven't ↓ significantly due to a severe supply shortage.Gov’s solutions, like surcharges and assistance programs, have drawn criticism and may not address core issues....
Since 2021, Florida has implemented a law requiring condominium associations to set aside sufficient reserves for structural repairs, causing a wave of foreclosures across Broward County due to the combination of expensive repairs and rising insurance costs. The law will go into effect in 2025, but no comprehensive fixes have been promised to ease the burden of the reserve requirement. Continue to...
Florida's home improvement spending lags behind the U.S. due to rising interest rates and slowing sales. During the COVID-19 pandemic, low rates and rising home prices drove a home improvement surge. However, recent data from Harvard's Joint Center for Housing Studies suggests a ↓ 5.9% in 2023....
Home equity loans, also known as second mortgages, allow homeowners to borrow against their property's value. They offer lower interest rates but come with risks, including potential foreclosure. They're best for large, one-time expenses and it's important to shop around for the best rates. The interest is often tax-deductible, but there are limitations. These loans increase debt and...
Southwest Florida's office sector outperforms national markets. Commercial retailers focus on unique experiences, interactive displays, and entertainment to compete with online shopping.Industrial sector thrives with minimal one percent vacancy, high demand for warehouse spaces....
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