Florida Realtors: Florida's single-family closed sales up 4.2% YOY, median price up 3.3% ($413K). Condo sales up 0.3%, median price up 7.5% ($330K); new listings also up.
The Federal Trade Commission can fine companies up to $50,000 per violation for fake online reviews.
The National Home Builder’s Association also said apartment and condo starts increased 6.9%.
Fannie Mae economists suggest “a modest downturn in 2024, followed by a return to growth in 2025.”
Self-promotion without sounding self-centered is important to maintaining a thriving business.
To fight property fraud, Fla. law will require witnesses for deeds and “recording instruments affecting real property” to include their full name and mailing address.
But, experts say, while the state’s property and casualty insurance market is seeing signs of improvement, it still has a way to go.
“Builders are reporting an uptick in traffic as some prospective buyers who previously felt priced out of the market are taking a second look.”
Redfin also says rents are still rising in the Midwest, partly because out-of-towners are moving in to get more bang for their buck.
The law that applies to some foreign principals who own/acquire certain Fla. properties has registration deadlines. Buyers should speak to counsel about legal obligations.
