DeSantis’ 2024 Budget Includes Funds to Boost RE

The $114B proposal looks to renew affordable housing programs, lower insurance costs, add tax holidays, encourage growth and boost home mitigation.
Read MoreInflation Puts Commercial RE Investors On Edge

The 10-year U.S. Treasury’s volatile yield lately strikes fear in some commercial investors. 2023 was “a dismal year” after the cost of capital affected valuations.
Read MoreCitizens Ins. Losing Policies but Still Fla.’s Largest

49K more policies could be moved out of Fla’s. “insurer of last resort” by Feb. 20, though it still has twice as many policies (1.4M) as No. 2 State Farm (630K).
Read MoreNAHB: Biggest Growth of New Builds in Exurbs

The new-homes' growth rate fell in 3Q, as it did in the two previous quarters, says NAHB. Single-family and multifamily saw the biggest expansion in U.S. exurbs.
Read MoreReal Estate Investors Optimistic About the Future

Most (72%) real estate investors say the market is as good or better than it was last year, and 75% expect stability or improvements over the next six months.
Read More‘Tis the Season to Deck the Halls Safely

Florida Realtors: Remind friends, neighbors and clients to take precautions over the holidays like having a fire-resistant artificial tree or watering a real tree daily.
Read MoreIt’s Not Just a Tool: AI Impacts Commercial Space Too

As AI takes over more aspects of everyday life, the tech behind it will need more commercial space to operate – and companies with fewer employees will need less.
Read MoreRedfin 2024 Forecast: Renting to Lose ‘Stigma,’ Home Prices to Fall, More

Redfin released its annual housing forecast, predicting younger families will embrace the renter lifestyle with gusto in 2024, along with other thoughts on the new year.
Read MoreCourt: Blasting Damage Covered by Insurance

An appeals court ruled that a property insurer had to cover damage caused by nearby rock blasting. The insurer said it was uncovered “earth movement.”
Read More$25M Available for Homeowners Impacted by Hurricane Idalia

Newly allocated Hurricane Housing Recovery Program funds can be used to pay for repairs, insurance deductibles and down payments, among others.
Read More‘Buy Now, Refinance Later’ Mortgage Deals Luring New Homebuyers

Lenders are offering free refinancing to get buyers into homes, but proceed with caution and read the fine print.
Read MoreCommercial Using AI to ‘Enhance Transaction Experience’

Cushman & Wakefield says artificial intelligence (AI) will influence how fast a commercial property gets to market, converging “data, people, processes and technology.”
Read MoreBe Wary: ‘Free’ Tech Costs More than You Think

Real estate tech companies are increasingly providing free technology, but the freemium versions come with a risk of mediocrity.
Read MoreCounty Appraiser: ‘We Don’t Raise Property Taxes’

The Citrus County appraiser says he’s often unfairly criticized for raising property taxes, when it’s based on millage he doesn’t control. He only appraises home values.
Read MoreHUD Proposes 30-Day Pre-Eviction Notification Rule

If finalized, the current version of the proposed rule would require landlords in HUD programs to give nonpaying renters a 30-day notice before filing for an eviction.
Read MoreHow to Recession-Proof a Business

“No one has ever found themselves in a recession and said, ‘I wish I had less cash,’” says Jimmy Burgess, Berkshire Hathaway HomeServices Beach Properties of Florida CEO.
Read MoreLower Rates to Draw Buyers – Sellers Not so Much

While mortgage rates moving closer to 6% will draw buyers into the 2024 housing market, several economists don’t think it will create a similar rush of sellers listing their homes
Read MoreForeclosure Pause Until May for VA-backed Mortgages

The VA asked mortgage servicers to pause foreclosures to help veterans at risk of losing their homes, but mortgage bankers have concerns.
Read MoreFed Chair: Too Soon to Consider Interest Rate Cuts

While inflation news remains positive month to month – 2.5% recently, just a bit above the Fed’s 2% goal – Chair Jerome Powell says it's premature to declare victory.
Read MoreU.S. Senate Panel Wants Info on Citizens Insurance

The Senate Budget Committee has questions about Citizens’ exposure. If a storm hits, will the Fla.-run insurer be able to handle it? If not, will it need federal help?
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