Fla. May Spend $400M on Rural-Area Broadband
It’s hard to work remotely with slow internet speeds, and the $400M in fed money could expand housing options to Fla.’s 21.2% of rural areas without broadband.
Number of Homes a Buyer Views Hits Record Low
In 2021, the average homebuyer viewed a median of eight homes before making an offer – and three of those showings were done virtually online.
Condo Collapse Legal Costs May Hit $100M
On Fri., the judge urged all sides in the Surfside condo disaster to work together to reach settlements before legal costs become a ponderous burden.
Loans for Condos? New Rules Start to Have an Effect
Fannie’s tighter loan requirements post-Surfside collapse started Jan. 1; Freddie’s start Feb. 28. In the meantime, the list of no-loan condo projects will likely keep growing.
Study: More Minority Fla. Buyers Denied Loans
Of all Fla. mortgage rejections in 2020, 21.8% were Black, second only to American Indian/Alaska Native. Nationwide, the denial rate is 84% higher for Blacks.
The IRS Wants (Requires) Your Photo?
Americans won’t need identification for basic tax services via the IRS website, but for some functions, such as a childcare tax credit, they must register with ID.me.
New Construction? S. Fla. Is Almost Out of Land
A South Florida Sun Sentinel study found that less than 1% of vacant land can be developed in Broward and Palm Beach counties – mainly scattered individual lots.
Single-Family Rents See Record Growth
U.S. rent grew 11.5% year-to-year, according to a CoreLogic index, with the Miami metro area leading the nation at 33%, and the Orlando area No. 5 at 15.9%.
3 Fla. Counties More Likely to See Foreclosures
Most homeowners have equity, and at-risk ones will likely sell rather than face foreclosure. But an ATTOM study suggests that’s less true in a few U.S. areas.
What’s Changing for Fla. Real Estate?
2022 RE Trends panel: Big and small biz relocations, plus the here-to-stay wave of untethered remote workers, will impact Fla.’s markets for years to come.