Gov. DeSantis signed SB 102, the broad-based pro-housing bill backed by Florida Realtors, into law on Wed. It “does so many amazing things,” says Pres. Mike McGraw. NAPLES, Fla. – Gov. Ron DeSantis signed Senate Bill 102, known as the “Live Local Act,” on Wednesday morning. The bill creates a comprehensive, statewide workforce housing strategy … Read more
The U.S. Supreme Court will consider whether a Fla. woman who filed over 600 lawsuits against hotels has “standing” to sue since she never planned to visit them. WASHINGTON (AP) – The Supreme Court will decide whether a disabled activist can file disability rights lawsuits against hotels she doesn’t intend to visit. The high court … Read more
In Feb., the number of buyers searching listings outside their state dropped 3.6% year-to-year – but those looking locally fell 14.4%. 5 Fla. metros are top go-to spots. SEATTLE – The number of home searchers looking to relocate to a new metro fell 3.6% year-to-year in February, according to a report from Redfin – but … Read more
Some Wall Street traders think regional bank weaknesses will harm commercial RE and consumers, the economy will dip, and the Fed will lower interest rates. NEW YORK – Regional lenders are crucial for U.S. economic growth and markets want Fed support before the bank crisis triggers a near-term recession. The Federal Reserve will likely have … Read more
The Florida Legislature initiated the changes as a way to cut down on frivolous lawsuits by limiting injury cases, insurance litigation and attorney fees. TALLAHASSEE, Fla. – Florida Governor Ron DeSantis approved major changes Friday to the state’s tort laws, cutting down so-called frivolous lawsuits by limiting injury and insurance litigation and attorney fees. According … Read more
The U.S. sanctioned many Russians who now cannot buy U.S. real estate. But identifying corporate ownership is tricky, and FinCEN is looking at all foreign buyers. WASHINGTON – On January 25, 2023, the Financial Crimes Enforcement Network (FinCEN) issued an alert that could significantly impact the acquisition of commercial real estate (CRE) in the U.S. … Read more
Buyers may need to shop around for a mortgage. If clients pulled money from a regional bank or deposits went down, the bank may make it harder to qualify. NEW YORK – Banking center unrest could make it more difficult for some consumers to get a mortgage loan or a loan for other big-ticket items. … Read more
U.S. Attorney’s Office: A Pensacola man created a fake insurance company, sold policies, kept premiums, and led homeowners to falsely believe they had coverage. PENSACOLA, Fla. – An insurance company is permanently shut down after dozens of clients paid over $4.8 million for policies that were fake, federal officials said. Instead of buying insurance for … Read more
As a business social media site, LinkedIn encourages online networking. To push that effort, it’s adding AI-written content that incites conversations. NEW YORK – The worldwide artificial intelligence (AI) market, valued at $136 billion, is impacting various sectors, including real estate. LinkedIn intends to merge AI technologies into its platform to better serve users. The … Read more
An exhaustive pro-housing bill – one of Florida Realtors’ top priorities – passed the Legislature on Friday. It now needs only Gov. DeSantis’ signature to become law. TALLAHASSEE, Fla. – On Friday, the Florida Legislature passed SB 102, a comprehensive housing bill and one of Florida Realtors®’ top priorities during the 2023 session. Florida Senate President … Read more
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