Fla. 1 of 16 states that taxes investment homes more The effective tax rate for investment homes was lower than the effective tax rate for owner-occupied homes in 34 states, including California, Texas, Ohio, Illinois and New York, according to a study from ATTOM Data Solutions. States where the effective tax rate for investment homes... Read more »
Fewer Americans think it is a good time to buy a home Consumer confidence in the housing market receded from its record high in February, dropping 3.8 percentage points to a reading of 84.5 in March, according to Fannie Mae’s Home Purchase Sentiment Index, a survey of about 1,000 Americans. Five of the six components... Read more »
Fla. in top 5 for commercial development Florida ranks fifth nationwide for commercial development, according to NAIOP, a commercial real estate development association. By sector, it’s third in retail, third in warehouse/flex sectors and seventh in office space. Development, construction and ongoing operations of new commercial real estate in the United States – office, industrial,... Read more »
Fair housing protects LGBT people For the first time, a federal judge has ruled that provisions in the Fair Housing Act protect against LGBT discrimination. The Act states that it’s illegal to refuse to rent or sell property to anyone based on race, color, religion, sex, familial status or national origin. But it’s never been... Read more »
Homeowners that lost citrus trees may finally get paid Florida may drop a long-running legal battle and instead agree to pay millions to homeowners across the state whose healthy citrus trees were torn down in a failed attempt to eradicate citrus canker. House Republicans have agreed to spend $66 million to end lawsuits filed on... Read more »
Do you believe that a felon serve on a condo association board? Our upcoming condominium election is very contentious and people are spreading all kinds of rumors about the intentions of the various candidates. In doing my research, I discovered one of the candidates was convicted of felony battery a few years ago up north. Can... Read more »
Most consumers think their insurance covers flooding Fifty-six percent of consumers recently surveyed believe that a standard homeowner’s policy covers flood damage. But they’re wrong, and their assumption could be costly. A survey by insuranceQuotes of about 1,000 consumers shows a lot of misunderstanding when it comes to home insurance – specifically what’s covered and... Read more »
The future of selling may be home visits on demand A Realtor in Florida had an idea: What if he developed an app that empowers potential buyers to request an immediate home showing? Under his plan, nearby Realtors currently working through the app could then drive over, host an immediate home tour and potentially turn... Read more »
Miami home prices again pushing buyers north A recent study from Florida International University find more Miami residents looking to live elsewhere because they’re struggling to find affordable housing. Researchers looked at Miami, Fort Lauderdale and West Palm Beach, where the market has seen a collective outflow of 106,591 residents since 2010. Recent reports from... Read more »
U.S. home prices unchanged in Jan. The Federal Housing Finance Agency’s (FHFA) seasonally adjusted monthly House Price Index (HPI) shows that U.S. home prices were flat in January month-to-month. It’s only the second time that monthly growth has paused since 2012. On a year-over-year basis, home prices climbed 5.7 percent, the same climb recorded in... Read more »