Legislative reforms and a cooling inflation are beginning to have a positive impact on the state’s home insurance market, the Insurance Information Institute found. TALLAHASSEE, Fla. – Homeowners insurance premium growth in Florida has slowed since the state implemented legal system abuse reforms in 2022, according to a Triple-I analysis. As shown in the chart … Read more
Some of the new laws that resulted from Florida Realtors’ 2024 legislative priorities include more Hometown Heroes Housing and My Safe Florida Home funding. TALLAHASSEE, Fla. – Dozens of new laws passed during the most recent legislative session and approved by Gov. Ron DeSantis go into effect today, impacting homeowners across the state. They cover … Read more
Veto of SB 280, which was a Florida Realtors priority, protects private property rights and Florida’s economy. TALLAHASSEE, Fla. — Gov. Ron DeSantis announced the veto of SB 280 – Vacation Rentals late Thursday. The veto, which was a priority of Florida Realtors® since the close of the 2024 session, protects the property rights of … Read more
NEW YORK – When we saw that rent at our current apartment would go up by several hundred dollars if we re-signed our lease this summer, my roommates and I knew it was time to start searching for a new place to live. We knew what we could afford between the three of us, and … Read more
Economists say the Fed will cut rates only once this year, in December, as opposed to the previously projected two rate cuts. WASHINGTON – Affordability constraints continue to limit the number of buyers willing and able to make home purchases, even as listings of for-sale homes rise, according to the June 2024 commentary from the … Read more
Florida Realtors Education Foundation will help 179 students with college costs this year. Since it started in 2010, it has given more than $2.74M in scholarships. ORLANDO, Fla. – As young people head off to college this fall, 179 of them from communities across Florida will receive financial help for their costs through scholarships from … Read more
New listings, median sales prices rose YoY for existing single-family homes, up 15.2% and 1.6% ($426.5K), and for condo-townhouse units, up13.8% and 1.5% ($330K). ORLANDO, Fla. – In May, Florida’s housing market reported more new listings, increased for-sale inventory and higher median prices compared to a year ago, according to Florida Realtors®’ latest housing data. … Read more
The median existing-home sales price jumped 5.8% from May 2023 to $419,300 – the highest price ever recorded and the 11th consecutive month of YoY price gains. WASHINGTON – Existing-home sales slightly declined in May as the median sales price climbed to a record high, according to the National Association of Realtors®. In the four … Read more
Florida Realtors has released new buyer representation forms in advance of the practice changes related to the NAR settlement. Links to /media/4629 Florida Realtors has released four new forms — two compensation agreements and modification forms, for each compensation agreement. ➡️ CLICK HERE TO FIND THE FORMS & LEARN MORE ORLANDO, Fla. – Florida Realtors® … Read more
RE Q&A: Can the seller keep the deposit, since there is a signed contract? It depends on the financing section of your contract, timing and other specific details. FORT LAUDERDALE, Fla. – Question: We recently signed a contract to sell our home. Yesterday, our real estate agent told us the buyer was canceling because they … Read more
© 2024 Galleria International Realty
