WASHINGTON – The Financial Crimes Enforcement Network (FinCEN) issued an alert to financial institutions on Jan. 25 to be on the lookout for sanctioned Russian elites, oligarchs and their family members who might be trying to circumvent sanctions by investing in U.S. commercial real estate. That creates new a challenge for banking and commercial real … Read more
In the latest 20-city index, U.S. home prices rose 7.7% year-to-year and dropped 0.6% month to month. But two Fla. cities, Tampa and Miami, saw different results. NEW YORK – The latest S&P Dow Jones Indices released on Tuesday and covering November 2022 found a repeated pattern: The index measuring U.S. home prices year-to-year was … Read more
Prices didn’t stop rising in 2022, increases just slowed. U.S. sellers averaged a $112K profit, up 21% – and eight of the top investment returns were in Fla. metros. IRVINE, Calif. – According to Attom’s end-of-year report, the typical sales profit percentage rose from 2021’s 45% to 51% last year, even with values dropping in … Read more
Goldman Sachs 2023 prediction includes a 2008-type housing crisis, but only in four U.S. cities it considers “overheated”: San Jose, Austin, Phoenix and San Diego. NEW YORK – Goldman Sachs is predicting dark days in 2023 for some of the pandemic’s red-hot U.S. housing markets. The investment bank shied away from predicting a nationwide crash, … Read more
TALLAHASSEE, Fla. – A second notable swell of newcomers traded out-of-state driver’s licenses last year for ones with a Sunshine State address following temptations of tropical succor, an income tax desert or a particular political ethos. More than 583,200 people were freshly entered into the state Department of Highway Safety and Motor Vehicles database in … Read more
FAU: Fort Myers metro renters pay 18.05% above long-term trends, along with Miami, North Port, Jacksonville and five Central Fla. metro areas. TAMPA, Fla. – The rent cost is high, and has been for a while, especially in Florida. As housing costs remain a significant driver of overall inflation, a new study by Florida Atlantic … Read more
Congratulations to those recognized for their influence, inspiration, innovation, decision-making and leadership in the real estate industry across the nation. ORLANDO, Fla. – The annual Swanepoel Power 200 – named for T3 Sixty Chairman and CEO Stefan Swanepoel – rates real estate’s leaders across the nation. The just-released list for 2023 includes Realtor® association leaders, … Read more
S. Fla. demand for short-term rentals entices more RE investors to offer them, but, according to an FAU report, that helped pushed rents higher for year-round residents. MIAMI – South Florida renters can partly blame high home rents on the popularity of short-term rentals in the region, according to a new report from a Florida … Read more
A year-to-year comparison of rate increases finds the smallest jump in over a year. Rents rose less than that in 3 Fla. metros and were down 0.8% in Jacksonville. SEATTLE – The median U.S. asking rent rose 4.8% year-over-year to $1,979 in December – the smallest increase since July 2021, according to a report from … Read more
The global awards honor the most active Realtor associations working internationally. Diamond, the highest level, requires platinum level 5 years in a row. ORLANDO, Fla. – The National Association of Realtors® (NAR) honored Florida Realtors® with a 2022 Diamond Global Achievement Award for its activity in developing and promoting the state’s international real estate market. … Read more
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