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 […]
Thu Mar 28, 2024 on News
There is a sense of uncertainty in the residential real estate market due to the recent settlement of the National Association of Realtors (“NAR”) in which NAR agreed to not continue a longstanding practice that required home sellers to indicate the amount they would pay a home buyer’s agent. Questions as to the timing as to when prospective buyers or sellers […]
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 […]