Opposite of the national trend, South Florida is still considered to be in a ‘seller’s market’

South Florida – Miami Skyline – Courtesy: Shutterstock – Image by Don Donelson According to a survey released on Tuesday by the Miami Association of Realtors, Miami’s real estate market is bucking the national slowdown thanks to cash purchasers, a shortage of available properties, and its appeal to foreign buyers. In Miami-Dade County, pending house

Bombshell in Florida real estate could destroy several wallets

Florida Real Estate – Area of Surfside Building Collapse, Surfside, FL – Courtesy: Shutterstock — Kristi Blokhin In response to the fatal collapse of the 12-story Champlain Towers South in Surfside, Florida, Governor Ron DeSantis signed legislation requiring emergency reserve funds for condominiums statewide in May of last year. Some real estate market experts have

FEMA rule opens opportunities for investors to swoop in on real estate

FEMA sign, Headquarters Building – Courtesy: Shutterstock – Image by Bob Korn The devastation brought on by Hurricane Ian can be a large opportunity for real estate investors due to a federal disaster rule that victims are just starting to learn about. Florida residents along the Gulf Coast whose homes were destroyed or damaged by

Here’s why this coastal Florida city is one of the best places in the United States to relocate

Naples, FL – Courtesy: Shutterstock – Image by Andriy Blokhin Naples has long been a favorite destination for tourists and second-home purchasers looking for a lively, amiable setting to unwind in the Sunshine State. This Gulf of Mexico city is well-known for its heavenly white-sand beaches and top-notch golf courses, but it is also quickly

When is the greatest time in Florida to buy a home?

Florida Home – Courtesy: Shutterstock – Image by Mark Winfrey Florida’s real estate market has had a distinct vantage point since COVID-19, with homes throughout the Sunshine State remaining popular during the coronavirus pandemic and continuing in the post-COVID real estate scene.  Florida homes are still greatly desired, with much fewer homes for sale than

Victims of the Surfside condo collapse may receive almost $1bn in settlement

Surfside Building Collapse Site – Courtesy: Shutterstock – Image by Felix Mizioznikov A tentative, nearly $1bn settlement has finally been reached in a class-action lawsuit brought together by the devastated families of survivors and victims of last June’s condominium collapse in Surfside, Florida, an attorney announced on Wednesday. Harley S. Tropin disclosed the $997m settlement

Wealthy Russians continue to buy properties in Florida

Sunny Isles Beach Russians — Courtesy: Shutterstock — B Cruz Sunny Isles, Florida, has been an escape for Russia’s rich and elite. In Sunny Isles Beach, also known as “Little Moscow” and “Moscow by the Sea,” real estate experts say wealthy Russians are putting down major money towards empty condos.   “They love to be here,

How South Florida may be impacted by Russian sanctions

Vladimir Putin at Russian Conference — Courtesy: Shutterstock — Sasa Dzambic Photography After several weeks of growing tensions, nearly 200,000 Russian troops assembled at Ukraine’s border and began a broad military offensive, with world leaders warning that this series of attacks could lead to one of the biggest conflicts Europe has seen since World War

Jim Morrison’s childhood Florida home hits the market for $2.5 million

Jim Morrison, The Doors — Courtesy: Shutterstock — Blueee77 One of rock’s classic icons—Jim Morrison, spent his childhood and humble beginnings in Melbourne, Florida, before he skyrocketed to legendary status. As his father was in flight training during World War Two—now Melbourne Orlando International Airport—Morrison was born at the now nonexistent Brevard Hospital in 1943.

First-time homebuyers in South Florida struggling to find affordable homes

Homes for Sale — Courtesy: Shutterstock — Andy Dean Photography The prices of South Florida homes are skyrocketing. South Florida realtors say they have never seen a market like this before, making first-time homebuyers’ chances of owning a home slim to none. Many have ended up renewing more expensive leases and some have even moved