Rising property values = rising property taxes

Homeowners may soon start to realize the impact of rising property values on their property taxes. For perspective, the average national increases in property taxes for 2020 was 4%. With this said, many experts are predicting property taxes to increase by another 6.5% for 2021. Property taxes are collected by local city governments to help… Continue reading Rising property values = rising property taxes

Income-producing properties are performing well in today’s market

Owning income-producing properties has always been a great way to supplement your income. However, with the recent run up in home prices many investors have wondered if now is not the best time? After all, as home purchase prices increase, so do the associated mortgage payments (if applicable). A recent analysis aimed to analyze 50… Continue reading Income-producing properties are performing well in today’s market

The most overvalued real estate markets

Skyrocketing home values over the past 18 months have many people wondering if a price correction may be coming? After the pandemic caused a surge in home prices, we are beginning to see the real estate market settle down a little more. A new analysis conducted by professors at Florida Atlantic University and Florida International… Continue reading The most overvalued real estate markets

Boca Raton is the first city to implement new condo inspections

Two months after the Champlain Towers tragedy, Boca Raton became the first city in Florida (outside of Dade and Broward Counties) to implement a building re-certification process. This marks the first city in Palm Beach County to adopt such rules. With this said, it is largely expected that other cities throughout Florida will also implement… Continue reading Boca Raton is the first city to implement new condo inspections

Common myths for selling a home in this market

By now, everyone is well aware of the surge in home buying demand over the past 18 months or so. With skyrocketing prices, tight inventory, and bidding wars throughout many markets, it is easy for sellers to become complacent or even arrogant when deciding to list their homes for sale right now. After all, most… Continue reading Common myths for selling a home in this market

The Supreme Court has ruled against the eviction moratorium… again

If it feels like this is a topic that we have written about already before, it is because we have. As you may know, there has been an eviction moratorium in place since the beginning of the pandemic. While this has provided some relief for renters, it has shifted the burden directly onto the landlords.… Continue reading The Supreme Court has ruled against the eviction moratorium… again

U.S. Demographics favor Florida

Do you know which state is home to the fastest growing metro area in the country? According to the recent U.S. Census Data, the answer to this question is Florida. Specifically, The Villages retirement community in Central Florida. Located in Sumter County, Florida, The Villages is an age-restricted community that spreads into portions of Lake… Continue reading U.S. Demographics favor Florida

Florida’s housing market: Q2 2021 snapshot

The Q2 2021 Florida housing data is in and the results underscored the red hot real estate market in The Sunshine State. According to data from The Florida Realtors Association, the Florida housing market posted solid annual gains in closed sales, rising median prices and new listings. Historically, the spring home buying season in Florida… Continue reading Florida’s housing market: Q2 2021 snapshot

Less bidding wars = good news for home buyers

Did you know? In July, 60% of offers written by real estate professionals nationwide faced competition. While this is still high, that’s the lowest level since January 2021. By definition, a bidding war is defined by an offer that has at least one competing offer made on the same property. For perspective, the peak in… Continue reading Less bidding wars = good news for home buyers