South Florida Real Estate

Economists: Rate Cuts Will Help Commercial Recovery

Some of the progress markers that will indicate the Fed is headed to a rate cut includes commercial property price stabilization and land and single-family development. WASHINGTON – The commercial real estate market has a lot to gain if the Federal Reserve follows through on anticipated interest rate cuts this year. It was under high … Read more

Pool Deck Likely Origin of Surfside Condo Collapse

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Federal investigators analyzing the 2021 Surfside condo collapse said they think there is conclusive evidence that a pool deck collapsed before the tower. A final report won’t be ready until 2025. FORT LAUDERDALE, Fla. – A federal probe into the June 2021 collapse of a Surfside condo tower that left 98 people dead continues to … Read more

Choosing the Right Home Size

While housing size is a personal preference, buyers should consider current and future needs when shopping. However, it often just comes down to affordability. NEW YORK – Potential home buyers typically have lists of requirements they would like to find in a new home. Although there are many features that are universally appreciated, certain elements … Read more

How Tech Is Transforming the Real Estate Industry

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What’s the next step in proptech, or property technology? Artificial intelligence (AI), used in marketing campaigns via virtual home tours and other vital tasks.  WASHINGTON – In the last two decades, the real estate industry has changed significantly. Online services make finding, buying and renting properties so much easier. Buyers and renters are no longer … Read more

Tips for Navigating the Tax Season

NEW YORK — It’s tax season in the U.S., and for many people, filing tax returns can be a daunting task that’s often left until the last minute. But if you want to avoid the stress of the looming deadline, start getting organized as soon as possible. Whether you do your taxes yourself, go to … Read more

Will Rental Housing Prices Drop in 2024?

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WASHINGTON – An ongoing boom in apartment construction has helped slow down rental inflation — but renters shouldn’t expect prices to drop dramatically from their pandemic-padded highs. That means affordability will remain the dominant narrative in rental housing in 2024. The combination of a pandemic economic rebound, a longtime shortage of rental housing stock and … Read more

South Florida Condo Buyouts May Change the Skyline

MIAMI — South Florida saw the highest number of condominiums selling out to developers since the pandemic. More buyouts are in the pipeline, raising questions about the future of South Florida’s skyline. Miami-Dade and Broward saw 18 condo buyouts last year, the highest number since 2019 when both counties had a total of 23 buyouts, … Read more

More than $66M Awarded to Idalia-Impacted Areas

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Funding through the Florida Job Growth Grant Fund (JGGF) is aimed at infrastructure improvements and workforce development in the Big Bend region, the governor’s office said. LIVE OAK, Fla. — Gov. Ron DeSantis announced an award of more than $66 million to Hurricane Idalia-impacted communities, including more than $9.2 million to the Suwannee County Board … Read more

Biden Focuses on Housing in State of the Union

President Joe Biden called for a $10,000 tax credit for first-time homebuyers and the construction of two million homes during his State of the Union address Thursday. WASHINGTON – President Joe Biden called for legislation that will lower homeownership costs, build millions of new homes nationwide and reduce rental costs. Biden, in his State of … Read more

Housing Shortage Critical Near Fla. Military Bases

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Santa Rosa County officials, military leaders and others say housing shortages near Florida military bases are concerning. One official said it creates “readiness problems.” PENSACOLA – During a meeting at Hurlburt Field in Okaloosa County with Air Force Lt. Gen. Tony Bauernfeind, local leaders discussed the lack of affordable and attainable housing in Northwest Florida … Read more