The proposed increase, on average 13.5%, will go to the state Office of Insurance Regulation for review and potential approval. TALLAHASSEE, Fla. — While saying Florida’s insurance market is improving, the Citizens Property Insurance Corp. Board of Governors on Wednesday backed a proposal that would lead to customers across the state seeing double-digit rate increases … Read more
For the first time in state history, the median sale price for Florida exceeded that of the national number and has stayed there for several months. ORLANDO, Fla. – Each month, Florida Realtors® publishes a bevy of housing statistics, but few are examined as often as the median sale price of homes. The market price … Read more
Early results from the University of Michigan’s consumer sentiment index show sentiment is currently about 31% above the trough seen in June 2022. WASHINGTON – Preliminary results show consumer sentiment declined 3.5 points in June to hit 65.6, 1.4 points higher than one year ago. The Current Economic Conditions Index fell 7.1 points from the … Read more
Florida saw more than three times the influx of retirees than any other state. Many are moving to the St. Pete area. NEW YORK – As people retire, their goals shift, often causing them to reconsider where they’re living and how they spend their money. Places with a high cost of living, high taxes and … Read more
NEW YORK – Black toilets, wall-to-wall carpet, and all-white bathrooms are a few design sins we’re here to save you from. Designing and decorating your bathroom can be tricky. Unlike other rooms, your bathroom is constantly at the mercy of excess moisture. It’s also where most people begin their mornings, end their evenings, find some … Read more
A Redfin survey found some Florida cities have increasing inventory, including new construction. Experts say it’s combatting the affordability crisis. MIAMI — Florida was a red-hot destination during the pandemic, but now, the state is home to some of the fastest-cooling housing markets in the country. Western Florida cities like North Port, Tampa and Cape … Read more
The new budget includes significant funding linked to Florida Realtors’ legislative priorities, including $100 million for the Hometown Heroes Housing Program. The new budget includes significant funding linked to Florida Realtors Legislative priorities, including $100 million for the Hometown Heroes Housing Program. TALLAHASSEE – Gov. Ron DeSantis signed Florida’s 2024-2025 Fiscal Year budget on Wednesday, … Read more
Tampa ranks in the top 10 U.S. cities for new construction. In Crestview, Homosassa Springs, and Panama City, new construction homes sell for less than average home value. WASHINGTON – The Consumer Price Index clocks inflation between spring 2019 and spring 2024 at 22.9%. But Zillow home sale data demonstrates a particularly swift hike in … Read more
The National Association of Realtors said the policy revision will allow veterans to continue to be competitive in the homebuying market. WASHINGTON – The U.S. Department of Veterans Affairs (VA) announced a temporary policy on Tuesday allowing buyers using VA-guaranteed home loans to compensate their buyer brokers directly. The VA said the new rule comes … Read more
Now through June 14, Florida’s Disaster Preparedness Sales Tax holiday provides tax exemptions on disaster preparedness items. VENICE, Fla. – With hurricane season underway, Florida’s first sales tax holiday of 2024 is taking place. Now through June 14, Florida’s Disaster Preparedness Sales Tax holiday provides tax exemptions on disaster preparedness items. Links to https://www.floridarealtors.org/tools-research/hurricane-resources All … Read more
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