News
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In November 2022, several successive hurricanes wreaked havoc on the Florida coast, when some houses and even swimming pools were left hanging over the ocean, as waves washed out the ground under them. Dozens of single- and multi-family houses in Daytona Beach were deemed unsafe. This destruction raised many concerns, as people questioned what...
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Next year, the vacancy rate of trophy office premises in South Florida will drop below 5%, according to the forecasts by Tere Blanca, Founder, Chair, and Chief Executive Officer at Blanca Commercial Real Estate, Inc. He thinks the demand from companies moving to South Florida in combination with a limited supply of trophy office spaces will boost...
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The Government of the USA has increased its 2023 conforming loan limits to slightly over $1 million in some of the country’s highest-cost districts. Florida has not reached this threshold despite the record-high property prices in the current year. This week, the new loan limits introduced by the national Government were published on the website...
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A new report published by the Community Associations Institute revealed that 74.2 million Americans, or approximately 28% of the entire US population, are currently part of homeowners associations, condominiums, or housing co-ops. As of 2021, there were about 358,000 community associations in the country, almost 50,000 of them in Florida. The...
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According to research data from Coldwell Banker, about every fourth foreign buyer (24% of them) prefer real estate in Florida. This state is No. 1 in the rating of housing markets most popular among nationals of other countries. California and Texas are in the second and third place with 11% and 8% of foreign buyers respectively. They are followed...
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Mortgage loan rates are dropping but financial performance follows a concerning downward trend by the amount of real estate sales and general interest on the buyers’ side. Data from several analytics firms also demonstrates that the growth of housing prices in Florida was the greatest nationwide, while this state’s performance was among the worst...
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While the rent grew across all of South Florida, the central part of West Palm Beach is one of the areas with the sharpest surge of rates. Experts believe that this trend will remain unchanged in the nearest future. Burt Minkoff, Real Estate Agent and Senior Director of Luxury Sales at Douglas Elliman in Palm Beach, says that the rent in the...
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Jeff Brandes, a former Florida Senator who submitted a petition urging the legislators to assemble this spring to improve the problematic property insurance market in the state, is calling for reforms in anticipation of another special meeting at the end of the current month devoted to this matter. Mr. Brandes, who represented a part of Pinellas...
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Florida residents can now apply to participate in a program called My Safe Florida Home, an initiative worth $150 million that is aimed at helping people reinforce their properties against natural disasters. In May, the state legislature adopted a large-scale bill on property insurance reform that reanimated the program. All homeowners living in...
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The first 3D-printed house in Tampa, Florida was listed for sale at a price of $599,300. On Friday, a startup called Click, Print, Home signed a partnership agreement with Compass Florida, a broker firm, to list this three-bedroom and two-bathroom property at 7509 S Shamrock Road. A statement from Matt Gibson, Co-Founder and President at Click,...
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