MLSs and brokerages seeking to be released under the settlement agreement must act by June 18, NAR said. WASHINGTON – On Tuesday, the U.S. District Court for the Western District of Missouri granted preliminary approval of the National Association of Realtors®’ proposed settlement agreement that would end litigation of claims brought on behalf of home … Read more
The budget items include funding for water quality improvements and Everglades restoration and was a Florida Realtors’ priority for the 2024 session. WEST PALM BEACH, Fla. – Gov. Ron DeSantis said Monday he will approve $1.5 billion directed towards Everglades cleanup that was included in the budget for the fiscal year that begins July 1, … Read more
Florida, particularly South Florida, is looking at a hot summer, meteorologists said. North Florida will see more rain than average. MIAMI – You may want to clean out the kiddie pool and dust off the patio furniture early this year. We’re in for a hot start to summer, according to a national weather outlook released … Read more
MBA reported new home purchase mortgage applications were up 6.2% in March year over year. More first-time buyers appear to be getting into the market. WASHINGTON – Mortgage applications for new home purchases increased 6.2% in March compared to a year ago and 1% compared to a month ago, according to the Mortgage Bankers Association’s … Read more
LOS ANGELES — On a winter morning in Woodland Hills, the “Squatter Hunter” slowly approaches a posh two-story home dressed in all black, armed with a Glock 26 pistol, stun gun, pepper spray and baton. His body camera is on. His two-man squad lurks behind him. They’ve spent four days in surveillance, learning the habits … Read more
MIAMI – A new sugar cube house sits in a slice of Miami called Silver Bluff, a sleepy residential neighborhood between Coral Gables and Coconut Grove. Rising above land on stilts and a roof adorned with solar panels, it stands out in a neighborhood filled with houses surrounded by chain-link fences and pitched rooftops with … Read more
The average rate on a 30-year mortgage rose to 7.1%, the highest level since late November. The average rate for 15-year fixed-rate mortgages rose to 6.39%. LOS ANGELES — Prospective homebuyers are facing higher costs to finance a home with the average long-term U.S. mortgage rate moving above 7% this week to its highest level … Read more
The average Florida home value doubled in six years. Tampa and Miami tied for having the third-fastest price doubling among large U.S. cities. MIAMI – The national median home price is twice what it was ten years ago. Molded by a storm of inflation, tight supply and surging demand, the average home price in the … Read more
A U.S. District Court judge ruled against Florida’s Department of Environmental Protection’s attempt to retain authority over wetland permitting TALLAHASSEE, Fla. — In a case closely watched by business and environmental groups, a U.S. district judge Friday finalized his rejection of a 2020 move by the federal government to shift permitting authority to Florida for … Read more
A cut in the state’s commercial lease sales tax, from 4.5% to 2.0%, will begin on June 1, weeks earlier than originally expected. TALLAHASSEE, Fla. — Business owners will see an earlier-than-anticipated reduction to the state’s lease tax, beginning in June rather than July, state leaders said. Florida’s commercial lease sales tax rate, also known … Read more
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