Category: Uncategorized

Central Florida’s post-pandemic office market sees increase in leasing activity, upgrades to attract more employees

Two years after the onset of the COVID-19 pandemic, there are signs of growing confidence in Central Florida’s commercial real estate market as businesses continue to bring employees back to the office and resume more normal operations. While there remains a record amount of available office space on the market, asking rates in Orlando are…
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Fla. Condos Start to See Impact of Surfside Collapse

WEST PALM BEACH, Fla. – The specter of Champlain Towers South came in an email alert this month for residents of a West Palm Beach waterside condominium. Insurance on the 12-story building across from the Lake Worth Lagoon increased 82%, requiring a special meeting to hike the budget and jack up dues. It was a…
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Where Can You Rent in Fla. for $1,500 Per Month?

SARASOTA, Fla. – Low inventory, a flourishing housing market and exponential population growth have caused rental prices in the Sunshine State to explode. Those rent leaps are causing hardship for workers and families across Florida. And they are driving some residents to leave the state even as others flock here. Florida’s median rent hit an…
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National Home Price Gains Exceeded 20% in May

CoreLogic’s Home Price Index for May reported that although U.S. home price growth relaxed slightly in May from April, it remained in double digits year-over-year for the 16th consecutive month. As in past months, all states and Washington, D.C., posted annual appreciation, with 13 states reporting gains of more than 20%. Though U.S. home price…
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Most Popular Home Trends by State

What’s trending and where? Confused.com, a home insurance resource, took its annual look at the latest trends for homes across the U.S. In New Mexico, residents are loving Japanese home-inspired styles (like white walls and “zen” finishes) while Maine, Massachusetts and New Hampshire residents are showing more favor for Tuscan styles (with terracotta, iron finishes,…
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Another Florida homeowners insurance company goes under

TALLAHASSEE — Saddled with financial losses and lacking reinsurance for this year’s hurricane season, another Florida property-insurance company is headed toward receivership. The Florida Department of Financial Services late Monday filed a petition in Leon County circuit court to be appointed as a receiver for Southern Fidelity Insurance Co. The petition described Southern Fidelity, which…
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Top U.S. Relocation Destinations? Miami and Tampa

Homebuyer migration remained at an all-time high in April and May, with 32.3% of Redfin.com users nationwide looking to move to a different metro area, according to a new report. The percentage is unchanged from a record set in the first quarter but up from about 26% before the pandemic began. Homebuyers aren’t just chasing…
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New Laws End Roofer-Advertising Court Fight

TALLAHASSEE, Fla. – A federal judge dismissed a First Amendment fight about part of a 2021 property-insurance law aimed at curbing advertising by roofers after the Florida Legislature revamped the law last month. Chief U.S. District Judge Mark Walker dismissed the case Friday after attorneys for the plaintiffs and the state said it was moot.…
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Did the ‘Lumber Bubble’ Burst? Prices Drop 12%

Since the pandemic, lumber prices have skyrocketed to record highs during the pandemic and pushed new-home construction costs higher. But prices are now coming down. Lumber prices fell 12% last week, reaching a new low in 2022. That could be welcome news for new-home buyers and builders. Over the past year alone, the swings in…
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U.S. Home Prices Rise at New Record Rate, Case-Shiller Shows

The numbers: U.S. home prices rose again in March even as higher mortgage rates began to bite, leaving prices at all-time highs. The S&P CoreLogic Case-Shiller 20-city price index was up a record 21.2% year over year while the federal government’s price tracker climbed 19% in the same span. The Case Shiller index rose 3.1%…
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