Study Shows Algae’s Impact on Florida Economy

A new study shows algal blooms have wide-reaching financial impacts on Florida’s economy, including lowing property values.
Read MoreNew Area Code Nears in Northeast Florida

Anyone using area code 904 will be required to dial 10 digits for all calls as Northeast Florida readies for a new area code – 324.
Read MoreOwning in Some Florida Counties Beats Renting

A recent study found that homeownership is more affordable than renting in several Florida counties despite a nationwide trend to the contrary.
Read More2024 Real Estate and Design Trends to Watch

In 2024, buyers will be looking for homes with AI-driven tech, large windows and EV charging stations, among other amenities.
Read MoreFannie Mae: 2024 Mortgage Rates to Dip Below 6%

“Overall, we expect 2024 to be a better year than 2023 for homebuyer affordability and the mortgage industry,” Fannie Mae’s chief economist said.
Read MoreWellness Buzzword Seeps into Real Estate

Communities are being designated as “blue zones” to suggest they promote healthier living and longevity. Some 80 U.S. locales are part of the Blue Zone Project initiative.
Read MoreSmall Federal Agency Crafting AI Standards

The National Institute of Standards and Technology is crafting standards for AI, which can have wide reaching impacts on all sectors including real estate.
Read MoreWhy 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.
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