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Category: Florida Real Estate

The Upcoming Presidential Election and The Real Estate Market

Tue Sep 10, 2024 on Florida Real Estate & News

The Upcoming Presidential Election and The Real Estate Market

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 […]

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

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

New Florida Condo Rules: What You Need to Know!

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 […]

Assumable Mortgages: One Option to High Mortgage Rates

Tue May 14, 2024 on Florida Real Estate & News

Assumable Mortgages: One Option to High Mortgage Rates

With mortgage interest rates still hovering above 7% on a 30-year fixed loan, many home buyers are seeking financing alternatives. One such option is assumable mortgages which are low-rate mortgages that home buyers take over from sellers. While popular in the 1980s when mortgage rates climbed to 18%, assumable mortgages are making a comeback. Where can one find an assumable […]