Rent growth is exceeding expectations

If you strictly went by rental prices, you would think there was never a pandemic impacting our economy. In fact, a recent report shows that rent prices surged beyond levels that they would’ve been at based on pre-pandemic trends. This strong momentum in rental price increases began around March 2021 and has been continuing since.… Continue reading Rent growth is exceeding expectations

Mortgage delinquencies remain across the U.S.

The administration recently announced an extension of the deadline to request mortgage forbearance from June 30 to Sept. 30, 2021. Of course, depending on your loan servicer and how long you’ve been in forbearance, you may qualify for an extension to help you get back on your feet. With this said, a big question from many… Continue reading Mortgage delinquencies remain across the U.S.

Homes with pools commanding higher prices across the U.S.

Homes with pools in their backyards are rather unique across many parts of the country. Of course, here in Florida they are particularly more common. In fact, in some South Florida metro areas approximately 70% or more of the homes offer pools. Ever since the start of the pandemic, homes with swimming pools have become… Continue reading Homes with pools commanding higher prices across the U.S.

Florida insurers are dropping homeowners with older roofs

Florida is home to some of the world’s most beautiful beaches, a tropical climate, and many other appealing features. Unfortunately, it is also home to a disturbing trend of insurance fraud with a select group of roofers and attorneys. In these instances, these roofers and attorneys are utilizing assignment-of-benefits (AOB) clauses in homeowners’ insurance policies… Continue reading Florida insurers are dropping homeowners with older roofs

Record sales in the Miami condo market

The tragic collapse of the Champlain Towers South in Surfside, FL on June 24, 2021 is something that we will certainly never forget. To observe a 12-story oceanfront condominium collapse to the ground is a tragedy that none of us ever thought we’d witness in this country. As expected, many South Floridians believed that this… Continue reading Record sales in the Miami condo market

Millennials are looking for home upgrades

Millennials make up the largest driving force in the real estate market today. Generally speaking, millennials were born between 1981 and 1994/96. Therefore, they are currently between 25 – 40 years old. Also known as “Generation Y”, this group is sometimes broken down even further. Gen Y.1 = 25-29 years old (around 31 million people… Continue reading Millennials are looking for home upgrades

Florida cities led the way in pandemic moves

The year 2020 brought on many moves across state lines for Americans. The company CoreLogic recently released their 2020 Hottest Cities for Homebuyers Report. Not surprisingly, The Sunshine State was well represented on this list. In fact, nearly half of the top metropolitan cities listed in the top 15 were in Florida. A total of… Continue reading Florida cities led the way in pandemic moves