Mon Oct 23, 2023 on News
Weight loss drugs, such as Ozempic, are potential disrupters to not only business in general but also the real estate market. Why? With the popularity of such weight loss drugs, people’s overall behaviors have influenced the food industry. Walmart reported that customers taking Ozempic buy less food and which in turn, has an effect on retail space. Retail food stores and food […]
Thu Sep 28, 2023 on Florida Real Estate & News
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 […]
Thu Jul 27, 2023 on News
Why Is the Housing Market So Sluggish? There is a critical shortage of homes causing a weak housing market. Sales of pre-owned homes dropped 3.3% in June from May, and 18.9% lower than from June of 2022. While a six-month supply is considered balanced between buyer and seller, the current sales represent only a 3.1-month supply. Pricing of homes has […]
Thu Jul 6, 2023 on Florida Real Estate & News
As of July 1, 2023, Florida’s recently enacted legislation, SB264, restricts certain foreigners from buying or owning Florida real estate. Specifically, the new law, codified in Florida Statutes 692.202-204, provides land ownership restriction, prohibiting “foreign principals” from owning or acquiring agricultural land or real property within ten miles of any military installation or critical infrastructure facility, foreign principals include individuals […]