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Category: Florida Real Estate

Proposed National Rule: Reporting Disclosure in Residential Real Estate

Thu Feb 22, 2024 on Florida Real Estate

Proposed National Rule: Reporting Disclosure in Residential Real Estate

In its efforts to further curb money laundering in the United States, the Financial Crimes Enforcement Network (“FinCen”) of the U.S. Treasury Department has proposed a rule that would require real estate professionals involved in closings to disclose the names of people behind anonymous limited liability companies and trusts involved in all cash residential property transactions, regardless of price. This […]

Climate change and the Singing Canary in the Mine

Thu Nov 30, 2023 on Florida Real Estate

Climate change and the Singing Canary in the Mine

South Florida homeowners have plenty to face from substantially high assessments to insurance issues. First, many condo owners are dealing with significant condo assessments due to new state laws that require condominiums, every few decades, to re-assess their structures and make sure that such structures remain sound. As a result, many condominium associations are assessing high amounts to these homeowners, […]

Consumer Confidence, the Real Estate Market, and the Percolating Economy

Thu Sep 28, 2023 on Florida Real Estate & News

Consumer Confidence, the Real Estate Market, and the Percolating Economy

There are a number of factors currently influencing the real estate market and the economy in general. Interest rates, low housing inventory, potential government shut-downs, labor strikes, inflation, and higher real estate prices have all added to a four-month low in the consumer confidence level. Why? Many consumers are concerned that the economy is headed to a recession over the […]