Why Millennials Flock to Florida

Of the more than 2,000 people who move to Florida every day, 27% are millennials age 28 to 43, a new survey found. They’re drawn by job prospects and affordability.
Read MoreNew FEMA Rules Aim to Cut Red Tape

Changes to FEMA’s individual assistance program will make it easier for disaster survivors to get help and go into effect on March 22.
Read MoreReal Estate Trends: What’s in Store for 2024?

Florida Realtors chief economist: Watch for the market to reignite over the next several months. “We have weathered the worst of it.”
Read MoreNAR: Existing Home Sales Down 1% in December

NAR’s chief economist said December sales “look to be the bottom before inevitably turning higher in the new year” on lower mortgage rates and increasing inventory.
Read MoreResidents, Jobs Helped Fla.’s 2023 Housing Market

Fla. Realtors chief economist: “Florida weathered the storm” of higher interest rates and ongoing inflation making 2023, a “rough year for residential real estate.”
Read MoreEngaging the Single Female Buyer

Single women have different buying considerations than those of other buyers, a Harvard University study found.
Read MoreGen Zers Outpace Others in Homeownership

Most adult Gen Zers are tracking ahead of where their parents were at the same age, likely because they bought when rates were near record lows.
Read MoreHUD Secretary Eyes FHA Mortgage Insurance Changes

HUD Secretary Marcia Fudge told a congressional committee she is open to changing FHA mortgage insurance policies to those similar to conventional loans.
Read MoreMortgage Rates at Lowest Level Since May 2023

The average long-term U.S. mortgage rate dropped to 6.6%, the lowest level since May 2023, when it was 6.57%.
Read MoreNAR Tech Survey Reveals Successes and Trends

Agents are leaning into proptech (real estate technology) like eSignature and cloud storage, and may be using artificial intelligence (AI) and virtual reality (VR) soon.
Read MoreFlorida Homes Flood, Rules Prevent Disclosure

Thousands of homes across Florida have water damage, but state and federal rules prohibit buyer and renters from knowing the history.
Read MoreTwo Fla. Realtors Awarded NAR Grants, Mentoring

Realtors from Tampa and Fernandina Beach are among the 2023 recipients of the Volunteering Works grants and mentoring program.
Read MoreHousing Starts Pull Back, Building Permits Jump

The Commerce Department found housing starts declined in December after a November spike. Building permits picked up, signaling upward construction growth.
Read MoreTwo Florida Cities Stand Out As Top Rental Markets

Orlando and Fort Lauderdale are among the nation’s top 30 rental markets for 2024, according to Rent Cafe.
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Developers see luxury condos dotting Florida's shorelines as new construction takes over the first generation of condos. However, it might be tough to convince current residents to sell.
Read More FEMA: Roofs Built After 2015 Fare Better

A FEMA survey found roofs built after 2015, after changes to building codes, fared better in high-wind environments.
Read MoreNew Mortgage Applications Jump More Than 10%

New mortgage applications increased 10.4% from one week earlier, according to the Mortgage Bankers Association.
Read MoreEmpty Nesters Lead in Owning Large Homes

Empty-nest baby boomers own 28% of the nation’s large homes, while millennials with kids own 14%. A decade ago, young families were just as likely as empty nesters to own large homes.
Read MoreNew Independent Contractor Labor Rules Enacted

New labor rules clarify which workers can be classified as independent contractors and employees.
Read MoreFlorida Seeing a New Condo Boom After Surfside

First-generation condo buildings along Florida's waterways are ripe for demolition to build anew, developers told NPR. But, they said, it's difficult to convince owners to sell.
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