South Florida Real Estate

Economists: Inflation Will Still Be High in Dec.

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45 economists surveyed predict a still-too-high expected inflation rate of 4.2% for all of 2023 – and they don’t think the Fed will lower interest rates soon. WASHINGTON (AP) – The Federal Reserve will make only modest progress in its fight against inflation for the rest of this year, even while keeping its benchmark interest … Read more

New Initiative to Tackle ‘Unsheltered Homelessness’

The White House’s “ALL INside” program hopes to help reduce homelessness 25% by 2025, with an initial focus on Calif. and five U.S. cities. WASHINGTON – The Biden-Harris administration announced the launch of ALL INside, a first-of-its-kind initiative to address unsheltered homelessness across the country. It calls ALL INside a key part of All In: … Read more

NAR: Still Confusion Over Flood Insurance Pricing

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Risk Rating 2.0 – FEMA’s updated method to price flood policies based on individual homes – has gotten bad press, but it’s a solution for old problems, according to NAR. WASHINGTON – There’s still confusion around the National Flood Insurance Program’s (NFIP) new pricing methodology called Risk Rating 2.0: Equity in Action, which went into … Read more

U.S. Metros Growing, Many Reversing 2021 Drops

Census Bureau: Orlando was No. 5 for growth in 2022, adding 65K new residents, but overall city growth was muted as the pandemic pushed people to rural areas. ORLANDO, Fla. (AP) – The flight from urban areas that took place during the first year of the pandemic either reversed or slowed in its second year, … Read more

Marketing: Current Relationships or New Ones?

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When considering marketing dollars, it’s generally easier and less expensive to build on your existing relationships than try to create new ones. BOCA RATON, Fla. – Real estate agent Aaron Buchbinder at Boca Raton, Florida-based Compass says the Sunshine State offers a professional advantage, not least for its “booming coastline, diverse population and tax-friendly economy” … Read more

Florida Realtors Memorandum: Foreign RE Purchases

Gov. DeSantis recently signed SB 264, which restricts, in part, the sale and ownership of certain Fla. properties to “foreign principals, persons and entities.” TALLAHASSEE, Fla. – During the 2023 session of the Florida Legislature, lawmakers passed Senate Bill 264, called “Interests of Foreign Countries.” Gov. Ron DeSantis recently signed it into law. The new … Read more

Website Marketing: Banner Ads or Link Building?

The goal is to drive traffic to your website, but what’s the best way to achieve that? Link building improves SEO though banner ads can get faster results. NEW YORK – If trying to market your website and maximize the number of visitors, real estate banner ads – normally appearing at the top of an … Read more

Fla. Single-Family Homes Median Price Flat in April

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Fla. Realtors Chief Economist: At $410K, it’s the same as April 2022, ending an 11-year (135 months) run of rising year-over-year prices. But condo prices rose 4.8%. ORLANDO, Fla. – Florida’s housing market in April showed continuing trends from the past few months, with more for-sale inventory (active listings) and higher median sales prices for … Read more

HUD/NAHB Host ‘Innovative Housing’ Showcase

A free June 9-11 event in Washington will feature some outside-the-box affordable housing solutions. Two Fla. companies are exhibitors; some events will be online. WASHINGTON – U.S. Department of Housing and Urban Development (HUD) and National Association of Home Builders (NAHB) announced new details regarding the Innovative Housing Showcase, including the first round of exhibitors. … Read more

April’s Single-Family Starts Show Improvement

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Overall housing starts increased 2.2% in April and the single-family component rose 1.6% – a gradual improvement, though down 28.1% year-to-year. WASHINGTON – April single-family production hit its highest rate so far this year, due in part to a lack of existing inventory and stabilizing mortgage rates. Overall housing starts in April increased 2.2% to … Read more