Fort Lauderdale Real Estate

RE Q&A: Neighbor’s Property Is an Eyesore

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There are “nuisance property” remedies, along with disagreements on what constitutes a nuisance. If an HOA applies, start there. If not, talk to the city. FORT LAUDERDALE, Fla. – Question: Over the last three years, our neighbor’s property has been getting more run down. He does not live in the house; it needs maintenance, and … Read more

More S. Fla. Homeowners Gaining Home Equity

The market slowed a bit nationally, but not in S. Fla., which is seeing slower, yet positive home value gains. About 2 out of 3 homeowners (65.3%) are “equity rich.” MIAMI – Homeowners across South Florida are seeing equity gains in their homes, despite the national housing market slowing down. About 65.3% of residential properties … Read more

White House: Fort Lauderdale to Get FEMA Aid

President Biden approved a major disaster declaration and FEMA assistance for Broward County. Fort Lauderdale may also offer $5,000 per household. Note: Members of the Realtor family impacted by the rains and flooding are encouraged to apply for aid from Florida Realtors®’ Disaster Relief Fund. Realtors who wish to donate will also find links on the … Read more

S. Fla. Housing Starts Drop as Land Grows Scarce

The area has a housing affordability problem in part because a limited amount of land for development continues to sell for higher amounts of money. FORT LAUDERDALE, Fla. – South Florida is seeing a stark drop in the number of new housing projects expected to be developed, as the region deals with an affordability crisis … Read more

Investors Lost Money on 1 Out of 7 Sales in March

SEATTLE – Roughly one of every seven (13.5%) U.S. homes sold by an investor in March sold for less than the investor bought it for, according to a new report from Redfin. That’s comparable with February’s 14.5% rate – the highest since 2016. It’s also nearly triple the share of a year earlier and compares … Read more

Was Your Home, Car Flooded? Here’s What to Do

FORT LAUDERDALE, Fla. – After torrential rains hit South Florida, particularly in Broward County, many residents are dealing with flooded cars, boats and homes. And while the storm wasn’t a hurricane, many will be filing insurance claims for their soaked property. Fort Lauderdale was drenched with a record 25.91 inches of rain Wednesday – an … Read more

Floods Overwhelm Some S. Fla. Homeowners

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A weather system stalled and dumped 25-plus inches of rain in S. Fla. Realtor-family members can seek help through Florida Realtors Disaster Relief Fund. FORT LAUDERDALE, Fla. – In Florida, “flood insurance” is often considered a safety buffer against hurricane strikes – but a stalled storm system over Fort Lauderdale shows that flood insurance does … Read more

Why Aren’t Homeowners Listing and Selling?

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MIAMI – Six years ago, Tanjim Hossain and his wife, Christine Oliver, bought a single-story house on a corner lot dotted by palms in pedestrian-friendly North Miami. They had just sold their first house in Homestead and wanted to move to a more walkable neighborhood closer to their jobs. Since then, they welcomed their son … Read more

Why Does It Still Feel Like a Seller’s Market?

RE usually sees cycles between buyer’s and seller’s markets, but this time it’s a bit different. Supply vs. demand hasn’t changed because both sides pulled back. SEATTLE – New listings fell 21.8% year-to-year during the four weeks ending April 2, one of the biggest drops since the start of the pandemic, according to a Redfin … Read more

RE Q&A: What’s the Right Way to Plan My Estate?

There is no “right way” to plan an estate – but there are wrong ways. Plans could include wills, life estate deeds, trusts and joint tenancy, individually or in combination. FORT LAUDERDALE, Fla. – Question: My daughter wants me to put my apartment into a joint tenancy with survivorship to make things easier when I … Read more