Mortgage rates in January could fluctuate due to Fed policies and economic uncertainty, with rates ending the month lower, according to NerdWallet. NEW YORK — Mortgage rates might ride up and down in January and finish lower than where they started, like a road trip that begins in the mountains and ends at the beach. … Read more
When looking for a new home, focus on the characteristics of the location you want rather than requiring a specific town or community. FORT LAUDERDALE, Fla. — Question: After several years of renting, we plan to purchase our first home in the new year. Do you have any advice on how we can find our … Read more
As boating grows in popularity, luxury homebuyers are seeking private marinas for convenience and safety. Developers are meeting the demand. MIAMI — As boating increases in popularity, a growing number of buyers are seeking private marinas at their luxury homes for convenience and safety. Private marinas provide flexibility for homeowners for unplanned outings and add … Read more
Freddie Mac reports 75% of boomer homeowners plan to leave their home or its sale proceeds to family, with home equity totaling $17 trillion nationwide. MCLEAN, Va. — Three quarters of homeowners born before 1964 are likely to leave much of their $17 trillion in home equity to their children, according to Freddie Mac’s latest … Read more
Mortgage rates rising, new SBA loan funding, updated condo rules and approaching deadlines for businesses highlight the start of 2025. ORLANDO, Fla. – The past two weeks have brought some changes to the state and national real estate market, setting the stage for a pivotal start to 2025. Key developments include fluctuating mortgage rates and … Read more
NEW YORK — The Federal Reserve’s third interest rate cut of the year will likely have consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses. But with inflation pressures still elevated, the Fed indicated in mid-December that it’s likely to cut rates more gradually in 2025 than it … Read more
Starting Jan. 1, condo sale contracts must include conspicuous statements about the milestone inspection, turnover report and structural integrity reserve study. ORLANDO, Fla. — A new year, another condominium law. We ring in this new year with a 2023 condominium law that created a future deadline for sales contracts entered into after December 31, 2024, … Read more
Three private insurers were approved to assume up to 160,440 policies from Citizens in March. Citizens had 982,892 policies as of Friday. TALLAHASSEE, Fla. — Homeowners’ insurance policies appear poised to continue flowing out of the state’s Citizens Property Insurance Corp. in 2025. The latest indication came Monday, when Florida Insurance Commissioner Michael Yaworsky signed … Read more
Officials recommend texters use messaging apps with encryption such as Google Messages, Apple’s iMessages and WhatsApp. WASHINGTON — In the wake of a massive cyberattack linked to the Chinese government, FBI officials are renewing warnings that your private text messages aren’t secure. The concern comes after a hacking operation, dubbed Salt Typhoon, gained access to … Read more
The land deals total $318 million to protect 86,819 acres across the state and include plans for a new state park and conservation easements. TALLAHASSEE, Fla. — Gov. Ron DeSantis and the Florida Cabinet on Tuesday approved land deals that could help protect 86,819 acres across the state. The approvals included land purchases and acquiring … Read more
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