Posts Tagged ‘florida’
Four Western States and Florida at Most Risk for Wildfire Property Damage in 2022
According to CoreLogic’s newly released Wildfire Report for 2022, property owners in the Colorado Springs, CO and Santa Fe, NM metro areas run particularly high risks of property damage from wildfires. Wildfires commonly affect the Western U.S., but climate change and the region’s severe drought of recent years has only exacerbated the issue. Decreasing water levels…
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Foreign Buyers Purchased $59 Billion of U.S. Homes Last Year, Ending 3-Year Slide
China and Canada remained top foreign buyers in 2022, Florida still top target market According to a new report from the National Association of Realtors, foreign buyers purchased $59 billion worth of U.S. existing homes from April 2021 through March 2022, an 8.5% increase from the previous 12-month period and stopping a three-year skid in…
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Here’s how to fight a higher-than-expected property tax bill
If the value of your home ballooned during the Covid pandemic, you may receive an inflated property tax assessment in the mail. There are ways, however, to combat a higher bill, experts say. Despite double-digit growth in single-family home prices, property taxes only increased by 1.8% in 2021, with an average payment of $3,785 annually, according…
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Housing Market Predictions 2022: When Will Prices Drop?
Low inventory, fervid competition and massive price gains have battered buyers since 2020, but now rapidly rising mortgage rates are making it even harder to purchase an affordable home. For many buyers, higher mortgage rates mean they can no longer afford homes in specific price ranges. The problem is that even modest single-family homes cost as much…
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Developer moves forward with hotel and condos for beachside residential community
A Tennessee developer and a Space Coast construction company plan to bring a hotel and 147 condos to a mixed-use community in Brevard County’s coastal city of Satellite Beach. Memphis-based Woodshire-Brevard LLC, a firm related to Palm Bay-based construction firm Don Facciobene Inc., plan to build a 222-room hotel and three condominium buildings in the…
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Florida REALTORS® Files Suit Against CDC
The Centers for Disease Control and Prevention is facing another challenge to its federal eviction moratorium, which has prevented evictions of renters during the COVID-19 pandemic. Florida REALTORS® filed a lawsuit this week in the U.S. District Court in Tampa that alleges the moratorium is “an unprecedented and unlawful federal administrative order” that oversteps the…
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Home Sellers Are Feeling More Optimistic
As home prices rise by double-digit margins year over year, homeowners are increasingly viewing selling favorably. Consumers reported a significantly more positive view of homeselling conditions month over month in January, jumping 16 percentage points on net, according to Fannie Mae’s Home Purchase Sentiment Index, based on a survey of 1,000 consumers. “Overall, the index’s…
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Homeowners Are on a Home Improvement Spending Spree
As homeowners spend more time at home, they’re tackling household projects. The top reason for the increase in home improvement spending last year was to make a home better fit “lifestyle needs,” according to “The State of Home Spending: 2020,” a report produced by HomeAdvisor. Eighty-five percent of Americans surveyed reported spending more time at…
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Struggling to pay your rent or mortgage? Florida will distribute $75M in federal aid
Orange County will get more federal funding for renter and mortgage assistance. The county will receive $7.26 million of the $75 million the state is distributing, Florida Gov. Ron DeSantis said during a July 17 press conference at the Wellington Park Apartments in Apopka. The funding comes through the federal Coronavirus Aid, Relief, and Economic Security (CARES)…
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Here’s why evictions are headed to Park Avenue
An eviction lawsuit in Winter Park’s high-end Park Avenue shopping district may be a signal more are coming, experts say, as the pandemic continues to dampen sales for retailers across Central Florida. Winter Park-based landlord Lulu I LLC has alleged its lessee Roia Inc. — which does business as cosmetics shop Elevatione at Winter Park…
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