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Yearly Archives: 2024

The Upcoming Presidential Election and The Real Estate Market

Tue Sep 10, 2024 on Florida Real Estate & News

Regardless of one’s politics, most people will agree that one of the major issues confronting our country is the housing market.  As we discussed in an earlier blog, high interest rates have precluded not only first-time homebuyers from purchasing but also sellers from listing their homes. Why? The issue of attainable housing arises. With high interest rates, potentially less people […]

Impact of Retail Store Closures on Real Estate

Thu Aug 15, 2024 on News

As more and more consumers shop online, the need for large malls has overall decreased. Other reasons for less consumer mall traffic include inflation and changing consumer preferences. Recently, the department store Macy’s has announced that it will close approximately 150 stores throughout the United States by 2027. This has a huge impact on the overall real estate market, as Macy’s […]

The Federal Reserve’s Anticipated Interest Rate Cut: A New Chapter for South Florida’s Real Estate Market

Mon Aug 5, 2024 on Florida Real Estate & News

The Federal Reserve’s recent announcement of a likely interest rate cut has stirred up the South Florida real estate market. Why? Typically, as the Federal Reserve lowers its interest rate, mortgage rates generally fall as well. As a result, lower mortgage rates would inevitably increase homeowners’ listings and mortgage applications. With more homeowners listing their homes, more housing supply will […]

New Florida Condo Rules: What You Need to Know!

Thu Jul 11, 2024 on Blog, Florida Real Estate & News

As we discussed in previous blogs, new laws affecting Florida condominium ownership were presented in the aftermath of the horrific 2021 Surfside, Florida tragedy. Ultimately, the Florida State Legislature in 2022 failed to agree of a package of safety reforms which would have required inspections of older buildings, mandated monetary reserves for condominium associations, and provided public transparency for maintenance and […]