Tue May 31, 2022 on Florida Real Estate & News
The Florida Legislature unanimously approved a condominium safety bill, S.B. 4D, this past week, which now awaits the Governor’s signing. Pursuant to that bill, buildings three stories or higher and thirty years old will have to undergo strict safety inspections and every ten years thereafter. Buildings within three miles of the coast must be inspected before they are twenty-five years […]
Mon May 16, 2022 on Florida Real Estate
As we indicated in our recent blog, increasing interest rates and home prices led to the consumer behavior of increasing home sales due to buyers’ having a fear of missing out as concern grew that continued increases in mortgage rates would make it even more difficult to purchase a home. Now, we are seeing early indications that more sellers are beginning […]
Sat May 7, 2022 on Personal Message
Dear Friends: In 1849, the French writer Jean-Baptiste Alphonse Karr penned “The more things change, the more things stay the same.” While we all may not entirely agree with this quote, especially in these uncertain times, for me, the underlying concept of family does not necessarily change regardless of life’s challenges. And, despite those challenges, on this upcoming Mother’s Day, […]
Mon May 2, 2022 on News
While both interest rates and home prices in South Florida have increased, there is still an upsurge in real estate investment and purchases. Typically, rising mortgage rates and higher than normal home prices would lead to a slowing of the real estate market. Yet, researchers at the Federal Reserve Bank of Dallas find that a fear of missing out or […]