Category: Uncategorized

Fake Landlord Scams Orlando Renter

ORLANDO, Fla. – Isaac Aviles thought he found a good deal on a rental home in Orlando: a three-bed, two-bath house in Meadow Woods for $1,200 a month. Aviles, 19, didn’t meet the landlord but said he got “a chill vibe” over the phone. He paid a $500 deposit and his rent through apps such…
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80% of Metros See Double-Digit Price Gains in 2Q

Despite escalating mortgage rates and slumping home sales in the second quarter of 2022, more markets saw double-digit annual price gains compared to the prior quarter, according to the National Association of Realtors®’ (NAR) latest quarterly report. Of the 185 metro areas tracked by NAR, 80% posted double-digit price gains, up from 70% in the…
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On the House: 6 Crucial Tips for Bringing Down Your Mortgage Rate

First-time homebuyers in the market today have a litany of woes. Home prices are at record highs. Saving for a down payment is tougher than ever due to soaring inflation. And now, mortgage interest rates are much higher than they were a year ago—making monthly housing payments even more expensive. Many first-time buyers have been…
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Short-Term Rentals Boomed – That’s Good and Bad

Needing places to either work from temporarily or vacation as they escaped pandemic restrictions, COVID fleers made South Florida one of their top destinations. And with them came an increased need for short-term housing, or vacation rentals. “It appears mostly in the Sunbelt states, particularly in Florida, in South Carolina, where we have beachfronts and…
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Buyers’ Income Rises Along with Home Prices

A three-year study of buyers’ incomes shows the impetus for rising home prices in many of the nation’s hottest cities. A study by Redfin created a top-10 list of metros where buyers’ median income grew the most between 2019 and 2021. Of those, four are in Florida. Nationally, buyers’ incomes grew 6.8%; in those Florida…
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Fla.’s Consumers Slightly More Optimistic in July

GAINESVILLE, Fla. – July consumer confidence among Floridians increased four-tenths of a point to 61.4 from June’s revised figure of 61, a trend that also occurred nationally. Among the five components that make up the index, two increased, two remained unchanged and one decreased. Current conditions: Floridians’ opinions about current economic conditions were mixed. Views…
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Fla. Lists ‘Average Insurance Premiums’ by County

TALLAHASSEE, Fla. – The Florida Office of Insurance Regulation (OIR) issued a report July 1 that showed homeowners in different parts of the state pay widely varying amounts for property insurance. Average premiums for homeowners by county Monroe: $6,729 Miami-Dade: $5,093 Palm Beach: $4,811 Broward: $4,802 Martin: $4,373 Collier: $3,928 Franklin: $3,849 Walton: $3,603 Indian…
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NE Fla. Home Prices Dip After Months of Increases

he Northeast Florida Association of Realtors (NEFAR) says single-family home sales in June showed the first signs of stabilizing following constant monthly increases for more than a year. Reasons for the slowing sales? Inflation and rising mortgage rates. Putnam, Clay and Baker counties saw median home prices increase, while they declined by $28,050 in St.…
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New Insurance Challenge: Rating Downgrades

TALLAHASSEE, Fla. – Florida regulators scrambled Thursday after they said a financial-ratings agency notified about 17 property-insurance companies of potential ratings downgrades. Insurance Commissioner David Altmaier and state Chief Financial Officer Jimmy Patronis questioned the ratings agency, Demotech, Inc., and warned that such widespread downgrades could affect homeowners across the state. The ratings are important…
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June’s Single-Family Housing Starts Drop 8.1%

Overall housing starts fell 2.0% to a seasonally adjusted annual rate of 1.56 million units in June from an upwardly revised reading the previous month, according to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. A June reading of 1.56 million housing starts represents the number that…
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