Artificial Intelligence has a multitude of uses in real estate, including customer insight, lead generation and property appraisals.
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.
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.
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%.
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.
Read about Florida’s best suburbs for city-like living and what makes them stand out among all others.
