Tort Law Reform And Real Estate

Recent changes in tort reform may have some positive impact for property owners.

In case you did not notice, The Florida legislature just passed some changes to tort law in the State of Florida that should cut down on frivolous lawsuits by limiting injury cases, insurance litigation and attorney fees. Before we move forward, many reading this may be wondering “What is tort law?” In a nutshell, tort… Continue reading Tort Law Reform And Real Estate

Stable Home Prices Ahead

After a strong run up, home prices seem to be stabilizing moving forward.

After a bullish run for home prices over the past several years, the pace of acceleration appears to be slowing down. According to the Metropolitan Median Area Prices and Affordability report from the National Association of REALTORSĀ®, single-family existing-home sales prices climbed in almost 90% of measured metro areasĀ (166 of 186) in the fourth quarter… Continue reading Stable Home Prices Ahead

New Home Sales

New home sales have been rising for five months, but at a slower pace.

If there has been a single consistent theme in the housing market for the past several years, it is that the inventory of homes for sale has been extremely low. Needless to say, this has provided quite a bit of frustration for home buyers as it has made the competition for the limited supply of… Continue reading New Home Sales

Home Security And Surveillance

Home surveillance are more popular than ever.

According to a recent report from LendingTree, just over half (51%) of all homeowners now use some form of surveillance technology and/or home security system. Interestingly, 72% of millennials and homeowners with children younger than 18 reported using a surveillance system. As for renters, only 32% reported using a home surveillance system. Of course, this… Continue reading Home Security And Surveillance

Preparing Your Home For Old Age

As more Americans opt to age in place, the home should be prepared accordingly.

As we age, most of us like to think that we are still young at heart or mind. Of course, many of us feel as though we may still be quite a bit younger even though our bodies may likely deceive us. The reality is that we are all getting older. In fact, the older… Continue reading Preparing Your Home For Old Age

Home Equity Has Dropped, But Not Everywhere

Florida has led the way for home equity over the past year.

The housing market has been quite a roller coaster over the past 3 years or so. At the start of the pandemic, we essentially saw the entire economy shut down and housing was certainly in a holding pattern. Then, bolstered by historically low mortgage interest rates, we saw demand as well as prices for homes… Continue reading Home Equity Has Dropped, But Not Everywhere

Million Dollar Homes

Unlike the rest of the country, Florida has seen an increase in the share of million dollar homes.

With the recent slowdown in the housing market and the overall economy, we have seen a decrease in the number of million dollar homes throughout the country. In fact, the share of U.S. homes worth $1 million dollars or more fell from 8.6% in June 2022 to just over 7% in January 2023. Of course,… Continue reading Million Dollar Homes

Rent In Florida

Rents in Florida have risen as our population has also risen.

Did you know? Approximately 808 people move to the State of Florida each day! As a result, The Sunshine State has the fastest-growing population within the United States for the first time since 1957. Needless to say, over the past few years, Florida has become the most popular state to live, work, and play. As… Continue reading Rent In Florida

2023 Housing Crash?

Goldman Sachs recently predicted a housing crash for these 4 U.S. cities.

There is no doubt that we have seen a considerable slowdown in the housing market over the past 18 months and most predict that this will continue throughout the year. For many markets, this slowdown merely means a more gradual increase in or even a stabilization of home values. However, some of the hottest housing… Continue reading 2023 Housing Crash?