Two 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.
Read MoreOrlando, Tampa in Top 10 Hottest Housing Markets

Orlando and Tampa are among Zillow’s 2024 top 10 housing markets, partly due to the beautiful weather and affordability.
Read MoreBuilder Confidence Grows on Interest Rate Decline

NAHB: Single-family starts will grow in 2024, but builders will face growing challenges with building material cost, availability and lot supply.
Read MoreFREC’s Affidavit Rule Effective Today

FREC adopted a rule to implement a portion of Senate Bill 264 entitled Interests of Foreign Countries.
Read MoreRedfin: Lock-In Effect Loosening

Homeowners are increasingly coming to terms with higher interest rates and aren't waiting to sell, Redfin found.
Read MoreUsing AI for Home Listings, Searches

Artificial intelligence can work for both buyers and sellers as long as the user understands its limitations.
Read MoreBusiness Lease Tax Cut Expected in June

A reduction in the state’s business lease tax – from 4.5% to 2.0% – is expected to take effect in June, weeks earlier than originally planned.
Read MoreU.S. Offices Hit New Vacancy Record

Moody's Analytics found an uptick in vacant office space in 4Q 2023 due to shifting work habits, overbuilding and lingering effects of the pandemic, the Wall Street Journal reported.
Read MoreFed Official Sees Slowing Inflation

Christopher Waller, an influential member of the Fed's Board of Governors, said he’s feeling confident the economy is moving in a positive direction.
Read MoreMost Homes for Sale in 2023 Not Affordable

Redfin found the average U.S. household could not afford many of the homes for sale in 2023. The problem stems partly from the housing shortage.
Read More2024 RE Trends: What’s Next for Fla. Real Estate?

Looking for insights into real estate trends and the outlook for 2024? Find out at Florida Realtors Real Estate Trends on Jan. 19 at the Mid-Winter Biz Meetings.
Read MoreAverage Long-Term Mortgage Rates Rise Again

Mortgage rates climbed to their highest level in four weeks, reaching 6.66%, Freddie Mac reported Thursday. Two years ago, the average rate was 3.45%.
Read MoreGARD Shines Spotlight on Key Real Estate Issues

Gia Arvin, 2024 president of Florida Realtors, said lawmakers recognize existing challenges but are optimistic and sincerely want to work with Realtors.
Read MoreHigh Interest Rates: Millennials' Leading Home Hurdle

Of millennials, 96% say high interest rates have affected their home-buying plans, and 70% say inflation has affected their plans, a recent survey found.
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