Gov. Signs My Safe Florida Home and Other Bills

Gov. Ron DeSantis signed bills passed during the recent special session, including up to $10K for owners to harden homes and more aid for Hurricane Idalia victims.
Read MoreInflation Eased in Oct. as It Continues to Cool

Gas, cars and airfare cost less last month. Prices rose 3.2% year-to-year in Oct. – still higher than the Fed’s 2% goal – for the smallest increase since June.
Read MoreCheckerboard Flooring Getting Less Black and White

A long-time staple of upscale homes, the traditional black-and-white checkered floor isn’t going away, but it’s diversifying its color palate.
Read MoreFraudster Steals Fla. Mansion, Threatens Actual Owners

A Tampa court sentenced a man to 17 years for faking a charity that faked a Fla. mansion purchase – and then threatening to kill the real owners to keep them quiet.
Read MoreOwners Keep Remodeling – but Smaller Projects

Sales at Home Depot were lower but beat expectations. While remodeling boomed during the pandemic, many owners are still making smaller upgrades.
Read More1 in 3 Sellers Granting Buyer Concessions

Two Fla. metros were in that ballpark: Miami (35.4%) and Orlando (34.3%). But in Tampa, 43.1% of closed sales had a concession, up from 19.7% a year earlier.
Read MoreHelping Homeless Vets: Progress Made, More to Be Done

The number of homeless veterans fell 11% since 2020 and 55% over the past 13 years – far more than general homelessness. But U.S. vets still need more help.
Read MoreForming a Dream Team: Super-Sized or Niche-Focused?

A super-sized team ups the chances that someone can handle any buyer that comes your way, but a niche-focused team can dominate a specific market area.
Read MoreWebsite Helps Certain Foreign Land Owners Register

Gov. DeSantis announced the SecureFlorida Portal – a site where foreign principals who must register ownership under a new law can do so before the Dec. 31 deadline.
Read MoreMiami Luxury Prices Soar as Billionaires Move In

RE investors are building more $50M-plus condos in S. Fla. as demand grows from an uptick of rich Americans who are relocating to be close to other rich Americans.
Read MoreStrip Malls: New King of Retail Real Estate

Going to a strip mall for a specific item is a quick in-out activity, akin to getting milk from 7-11. And after the pandemic, that’s what many Americans want.
Read MoreNAR Releases 2023 Profile of Home Buyers and Sellers

In the face of high interest rates and rising home prices, the typical buyer’s income rose 22% to $107K. 1 out of 3 (32%) was a first-time buyer, and 89% used an RE agent.
Read MoreNAR: Higher Home Prices in 82% of U.S. Metros

11% of metros saw double-digit price increases in 3Q, even though buyers faced a one-year mortgage payment increase of 19.2%. In 2Q, prices rose in only 58% of metros.
Read MoreHome Affordability Hits Lowest Point in 10 Years

The National Association of Home Builders’ 3Q affordability study found that just 37.4% of Americans can afford a median-priced home in their metro area.
Read MoreFla. Island Purchased with COVID Disaster Funds

An estimated 10% of pandemic-relief fund recipients committed fraud – a $280B loss. In one case, a Fla. man, now in prison for 5 years, bought a private island.
Read MoreTight Market? Double Down on 5 Marketing Basics

Don’t ignore social media and newer forms of marketing, but getting out into the community and holding open houses can be more effective tools for lead generation.
Read MoreRE Investing: Retirement Life Raft or Sinking Ship?

More people are adding property investments to their retirement portfolios. If added cautiously, it can be a viable hedge against the volatility of stocks and bonds.
Read MoreSome Citizens Ins. Buyouts Rescinded After Offer

While some private insurers were approved to take policies from the state’s “insurer of last resort,” they may later pull that offer for internal business reasons.
Read MoreWebinar: How Will the Burnett-NAR Verdict Impact Fla.?

Florida Realtors VP Juana Watkins urged patience in a Thur. webinar, which is now available online. The decision might have an impact but the process will take years.
Read MoreThe NAR NXT Conference Kicks Off Next Week

About 12K Realtors will gather in Anaheim, Calif., next week, with some sessions offered virtually. Its “Own the Moment” theme will feature Mindy Kaling.
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