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 […]
Thu Apr 25, 2024 on Blog
How will innovation and technology transform our homes in the future? According to an article in the Wall Street Journal, tech-driven bathrooms in many high-end U.S. homes will be the trend. Post-pandemic wellness concerns both for detection and for monitoring of our health seem to drive this trend. Smart bathroom technology is already in use in hospitals and hotels. For […]
Thu Apr 11, 2024 on Blog, Florida Real Estate & News
The US Consumer Price Index, a key metric of inflation, does not include the rising price of homeowner insurance. According to Bloomberg Intelligence, increased homeowners’ insurance would have added 80 basis points or approximately .8% to the reported CPI increase of 3.4%, meaning inflation would be more like 4.6 %. By not including home insurance, the CPI does not factor […]
Late last week, the National Association of Realtors (“NAR”) reached a $418 million nationwide settlement of claims, pending approval by a federal court, that the industry conspired to keep agent commissions higher. As we discussed in a recent blog, the NAR had been faced with a jury verdict of $1.8 billion in damages, finding that industry rules for how buyer’s agents […]