South Florida Real Estate

Help Local Homeless: Apply for HUD Funding

HUD has $3.1 billion to spend on projects that help the U.S. homeless population, and it’s accepting funding requests until Sept. 28, 2023. WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) will provide more than $3.1 billion in competitive funding to homeless services organizations across the country – the largest amount of … Read more

Floridians More Optimistic About U.S. Economy

UF’s June consumer sentiment saw an uptick to 69.3 from May’s 69.1, driven mainly by U.S. economic expectations. It’s the highest reading since Oct. 2021. GAINESVILLE, Fla. – Consumer sentiment in Florida clicked up for a second consecutive month in June to 69.3, an increase of two-tenths of a point from a revised figure of … Read more

Fla. to Court: Foreign Land Law Isn’t Discriminatory

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A court case alleges the new law discriminates, and Fla. submitted a 59-page doc saying no – that it’s consistent with tradition and necessary to fight foreign influence. TALLAHASSEE, Fla. – The state this week pushed back against a challenge to a new law that restricts people from China and six other countries from owning … Read more

Fed Agencies Issue Policy on Commercial RE Loans

After a comment period, the agencies finalized a policy on how to handle commercial loan accommodations and workouts for financially troubled firms. WASHINGTON – Four federal financial regulatory agencies – Office of the Comptroller of the Currency, Federal Reserve System, Federal Deposit Insurance Corporation and the National Credit Union Administration – jointly issued a final … Read more

Insurers Pull Back as Climate Catastrophes Intensify

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NEW YORK – The insurance industry is increasingly wary of the risks presented by climate and natural disasters, prompting major firms to scale back their presence in more vulnerable states. In June, Farmers Insurance announced in a company memo it will no longer write new property insurance policies in Florida, citing “catastrophe costs … at … Read more

Sales Tax Holiday Starts on Energy Star Appliances

On July 1, a Fla. sales tax exemption period began for Energy Star appliances, but there’s no rush to buy: It runs for a full year, through June 30, 2024. TALLAHASSEE, Fla. – Florida’s latest sales-tax holiday start on Saturday, July 1, and this one runs for a full year – through June 30, 2024. … Read more

RE Q&A: How Can I Be a Good Landlord?

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A move-up buyer thinks renting out her older, smaller home might be a smarter option than selling. What should be considered for that kind of decision? ©Florida Realtors® Source link

New Rules Govern ‘Force-Place’ Insurance

If a homeowner with a mortgage no longer has property insurance, their lender will “force place” a policy on them. The new regulations make the process fairer. TALLAHASSEE, Fla. – A new Florida law recently signed by Gov. Ron DeSantis, House Bill 793, creates a legal framework for writing forced-placed insurance coverage. Mortgage lenders generally … Read more

Website Strategies to Master Domain Authority

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A DA (domain authority) search ranking estimates the strength of a website to search engines, such as Google – the higher the score, the better. NEW YORK – Real estate websites should demonstrate 50-plus domain authority (DA) to help their business realize success. Moz developed the DA search engine ranking score to forecast how well … Read more

White House: $3.1B Effort on Veteran Homelessness

The plan includes more investments to help unhoused U.S. veterans find jobs, legal aid and other vital support services, according to the White House statement. WASHINGTON – The White House on Thursday announced new efforts to further reduce homelessness among veterans in the United States. The plan includes more than $3 billion in new investments … Read more