South Florida Real Estate

NAR: Homeownership Prep Consumer Guide Available

NAR’s “Preparing for Homeownership” guide helps buyers explore home choices, down payment options, available resources and much more. ORLANDO, Fla. — Buying a new home or planning a next move comes with a lot of unanswered questions. The latest Consumer Guide by the National Association of Realtors® aims to demystify some of the process and … Read more

BOI Reporting Rules Back, New Deadline

For most reporting companies, the new compliance deadline is March 21, 2025. Extensions apply for some storm-affected businesses. WASHINGTON — On February 18, 2025, the Corporate Transparency Act (CTA) beneficial ownership information (BOI) reporting requirements were reinstated by the U.S. District Court for the Eastern District of Texas in Smith, et al. v. U.S. Department … Read more

How to Use AI for Real Estate Market Analysis

AI tools can speed up and automate data collection, review demographic trends and reduce the potential for human error in real estate market analyses. ORLANDO, Fla. — Today’s data-driven world can be overwhelming, but artificial intelligence (AI) tools can reduce the time-consuming nature of data analysis and reduce the potential for human error in real … Read more

Tracking Your Taxes | Florida Realtors

The IRS began accepting tax returns on Jan. 27 and expects over 140M filings by April 15. Most refunds arrive in 21 days, with some delayed until mid-February. NEW YORK — The Internal Revenue Service (IRS) began accepting tax returns on January 27. The agency expects it could receive over 140 million individual tax returns … Read more

Flood Program Borrows $2B After Storm Claims

FEMA is borrowing funds to cover flood insurance claims after Hurricanes Helene and Milton caused widespread damage, depleting NFIP resources following multiple floods. TALLAHASSEE, Fla. — After Hurricane Helene and Hurricane Milton pounded Florida’s Gulf Coast last year, the Federal Emergency Management Agency is borrowing $2 billion to pay National Flood Insurance Program claims. FEMA, … Read more

Creating Powerful ChatGPT Prompts | Florida Realtors

AI needs to be told what role it should fulfill when writing, which means letting the tool know whether they are writing as an agent or a marketing specialist. NEW YORK — When using artificial intelligence (AI) tools, including ChatGPT, to write social media posts, house listings and more, agents need to be prepared to … Read more

How AI Is Reaching Further into Real Estate

The expansion of artificial intelligence options includes helping to virtually stage a home, speeding up mortgage approvals and fueling smarter property searches. NEW YORK — Real estate agents and businesses know that chatbots using artificial intelligence (AI) can speed up interactions with potential clients and provide answers to the most frequently asked questions, but AI … Read more

Possible Tax Advantages for Homeowners in 2025

RALEIGH, N.C. — The 2025 tax filing season is underway, and there are several tax benefits that can help homeowners save money this year. Homeowners can deduct costs like mortgage interest and personal property taxes up to a certain limit in order to reduce their tax bill. In certain cases, home improvements can also be … Read more

New Program Covers 75% of Cost to Elevate Homes

The program, Elevate Florida, can help eligible homeowners affected by flooding and substantial property damage who are impacted by FEMA’s 50% rule. TAMPA, Fla. — Between the flooding and the cleanup, those who endured Hurricanes Helene and Milton have faced many hurdles. Now, a federal regulation might cost them hundreds of thousands of dollars. The … Read more

30-Year Mortgage Rates Continue to Decrease

The average rate on a 30-year mortgage fell to 6.87% from 6.89% last week, but rates on 15-year mortgages rose to 6.09% from 6.05%, Freddie Mac said. NEW YORK – The average rate on a 30-year mortgage in the U.S. eased for the fourth week in a row, an encouraging sign for prospective home shoppers … Read more