Tag: Real Estate

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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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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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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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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Increasing Number of Sellers Drop Asking Price

Price drops are increasingly common, particularly in hot migration destinations, according to a new report from Redfin. In Florida, the study found that one out of three Cape Coral sellers dropped their price this April compared to only 18.5% in April of 2021. Of the 11 Florida cities included in the study, Cape Coral topped…
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After You Sell Your House, Make Sure You Do These 10 Things

1. Keep copies of all paperwork related to the closing and settlement after you sell your house Although it might be tempting to shred the paperwork or put it in storage, you’ll want to have it handy for April 15. When you file your taxes, you’ll need documentation for the expenses and proceeds of the…
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New-Home Construction Improves Despite High Inflation, Rising Mortgage Rates, and the Shortage of Skilled Labor and Materials

The numbers: U.S. home builders started construction on homes at a seasonally-adjusted annual rate of roughly 1.79 million in March, representing a 0.3% from the upwardly-revised figures for the previous month, the U.S. Census Bureau reported Tuesday. Compared with March 2021, housing starts were up nearly 4%. Permitting for new homes occurred at a seasonally-adjusted…
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5 Ways to Bring a Stale Listing Back to Life

TALLAHASSEE, Fla. – Even in a robust market, some homes may have a difficult time attracting buyers’ attention. It’s important for agents to get creative and overhaul a struggling listing to find the right buyer. Having appropriate staging in a home is essential so potential buyers can envision how they would live in the space.…
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Buying a Home in Your 30s? Here’s Everything You Need To Know

If you’re in your 30s and thinking about buying your first home or upgrading to a larger house, here are crucial things to consider to make your homebuying dreams a reality. Is it the right time for you to buy? The best time to buy a home depends on two personal and crucial questions. “First,…
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UF: Floridians’ Consumer Confidence Down for Third Month

GAINESVILLE, Fla. – Consumer sentiment among Floridians dropped for a third consecutive month in October to 71.3, down 3.6 points from a revised figure of 74.9 in September. It’s also down 5 points from a pandemic low recorded in April 2020. All five components that make up the index declined. Current conditions: Floridians’ opinions about…
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