Amendment 5 ‘Yes’ Vote Helps Fla. Buyers
Fla. homeowners have two years to “port” tax savings to a new home, but in some cases that can be barely more than one year. A “yes” on Amendment 5 creates a two-year minimum.
Post-Pandemic Office Trend: ‘Biophilic’ Design
To make employees comfortable, companies are adopting a fresh-air theme to office remodels. It includes better air filtration and a greater connection to the outdoors.
Condo Associations Continue Ban on Short-Term Rentals
In March, Gov. DeSantis banned short-term vacation rentals. That ended with Phase 3, but some HOAs kept the ban in place citing resident safety. However, that also created problems for short-term rental investors, some of whom haven’t had income in seven months.
Could Home Builders Be Any More Confident?
A monthly index of builders’ attitudes hit 85 this month – a new high after a record-breaking 83 in Sept. The index goes from 1 to 100; anything over 50 is optimistic.
September New Home Construction Up 1.9%
The increase follows a slight decline in Aug., and building-permit applications – a sign of future activity – rose 5.2% (1.55M units) last month.
Housing Shortages, Single-Family Zoning and Solutions
ULI: Cities with housing shortages are rethinking their single-family zoning laws that make it hard for high-density construction projects to find available land.
S. Fla. Leaders Grapple with a Response to Climate Change
A new report from the South Florida Climate Compact suggests that counties should spend billions now in mitigation efforts to avoid spending even more in the future.
Ocwen to Pay $11M for Alleged Mortgage Servicing Failures
Ocwen allegedly made mistakes servicing Fla. homeowner’s mortgages, including untimely insurance payments and force-placed insurance, says Attorney General Ashley Moody.
ULI: 8 Real Estate Trends Emerging from the Pandemic
Due to COVID-19, the migration from cities to suburbs has accelerated; multifamily developers no longer have amenity wars to attract new residents; and health and wellness movements are emerging in hotels, offices and more.