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Flood Insurance Extended One Year – Shutdown Avoided

Published September 23, 2020

House lawmakers agreed to keep the government running until Dec. 11 after each party made some tradeoffs. The Senate and president are expected to approve the plan.


Fla. Regulators Weigh Property Insurance Rate Hikes

Published September 23, 2020

First Community Insurance Co. wants an average 24.5% increase largely targeted to its “legacy” customers – owners under an older program rather than its newer one.


FHFA: Housing Prices Rose 1% in Only One Month

Published September 23, 2020

The federal agency behind Fannie Mae and Freddie Mac says July home prices rose 1% above June home prices and 6.5% in a year-to-year comparison.


Waiving Inspections: Good for Bidding Wars – but Worth It?

Published September 23, 2020

An inspection costs a few hundred dollars now yet could save buyers tens of thousands of dollars later. Still, bidding wars and an inspector shortage have stifled demand.


DeSantis Backs Liability Protections Amid Pandemic

Published September 23, 2020

The governor supports a limit to coronavirus-related litigation because he “believes it holds the economy back,” and he suggested the Florida Legislature could hold a special session in Nov. While tort reform is usually a contentious issue, business owners praised the move.


Investors Ready for ‘Bonanza’ in Housing

Published September 23, 2020

Deep-pocket investors – notably the mega companies that buy single-family homes and turn them into rentals – expect a rash of foreclosures to start appearing in 2021.


Re-Purpose and Develop City Garages if Fewer People Drive?

Published September 22, 2020

Garages eat up valuable urban space, and pandemic-led work changes and a greater use of car driving services like Uber and Lyft could permanently ease demand.


Businesses Want Protection from COVID-19 Lawsuits

Published September 22, 2020

Fla. has the nation’s 5th worst legal ranking, the Fla. Chamber of Commerce CEO said this month. “That costs local businesses. It raises prices. It raises insurance rates.”


NAR: Existing-Home Sales Hit Highest Level Since Dec. 2006

Published September 22, 2020

U.S. home sales rose for the third straight month in Aug. – up 2.4% compared to July – as historically low interest rates overshadowed many pandemic fears.


Blackstone to Boost Mobile-Home Bet With $550 Million Deal

Published September 22, 2020

Mobile-home parks have held strong during the pandemic, and Blackstone appears to be buying a number of Fla. parks owned by Summit Communities for about $550M.


Fla. Lags in Census Count Putting Funding at Risk

Published September 22, 2020

The Census ends soon, and Fla. lags most states with only 92.5% counted. An undercount can impact political representation and fed funding for the next 10 years.


Fla.’s Housing Market: Sales and Median Prices Rose in August

Published September 22, 2020

Florida Realtors’ data: More sales, higher median prices, more new pending sales and more new listings year-over-year. Single-family sales up 8.8%; condo sales up 10.3% – and sales in the upper price tiers paved the way for the surge, says Chief Economist Dr. Brad O’Connor.


Fla. Home to 2 Out of the 5 Top Home-Flip-Increase Cities

Published September 21, 2020

ATTOM: At No. 2, home flips in Fort Myers grew 20.2% in 2Q, while in No. 3 Tallahassee, they rose 16.8%. Salisbury, Md., saw the biggest increase at 45.8%.


$300 Unemployment Payments End After Fourth Week

Published September 21, 2020

The additional $300 per week backed by a transfer of FEMA funds has run out. Payments were applied to the four weeks starting July 27 and ending on Aug. 22.


Is Your Housing Market a ‘Zoom Town’?

Published September 21, 2020

The “Zoom Town” nickname applies to hot growth areas – generally just outside existing suburbs – being considered by buyers who no longer have to commute.


1M Delinquent Homeowners Haven’t Asked for Forbearance

Published September 21, 2020

Of those, 680K have loans backed by Fannie or Freddie and could easily defer payments for up to a year. Surveys suggest they’re likely confused about their options.


New Multifamily Properties Offering Generous Concessions

Published September 21, 2020

Some new multifamily properties have been in the pipeline for years, and pandemic trends have eased overall demand. As a result, some now offer free parking and free rent.


HUD: More than Half of Renters Spend 30%-Plus for Housing

Published September 21, 2020

The American Housing Survey found that 51.4% of renters spend 30% or more of their family income on housing; 13% of households with someone 55 years of age or older live in an age-restricted community; and 11.3% of all households had cockroaches within the past year.


Majority of Young Adults Are Now Living with Their Parents

Published September 18, 2020

Pew Research Center: Due to COVID-19, 52% of 18-to-29-year-olds – about 26.2M – now live with their parents, surpassing the previous peak during the Great Depression.


This Trending Design Style Will Make Home Stagers Cringe

Published September 18, 2020

Meet “cluttercore”– the new home trend sweeping social media that’s the opposite of decluttering. Cluttering a home to the max gives a cozier vibe, supporters say.

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