N.J. to Companies: Make Workers Return
f N.J. granted tax breaks to convince a company to relocate, it says it expects the employees to frequent local businesses – not work remotely from states like Fla.
Fla. Lists ‘Average Insurance Premiums’ by County
At $6,729, Monroe County’s average premium tops the list, while Sumter County is the state’s most affordable for property insurance with an average $1,438.
Florida Realtors a 2022 Top 100 Best Companies
Florida Trend magazine named the state Realtor association one of the “best companies to work for in Fla.” With a staff of 140, Florida Realtors won as a medium-size firm.
Fed Unleashes Second 3/4-point Rate Hike
The Fed’s inflation battle now includes two 3/4-point interest rate hikes in a row. Since it was expected, most mortgage rate increases have already occurred.
NAR: June Pending Home Sales Fell 8.6%
Year-to-year, pending sales were down 20%. NAR says that over three years (June 2019 to June 2022) home prices rose 80%, and it now predicts a 13% decline in 2022.
$12.1M Goes to Fla.’s Hometown Hero Homebuyers
About 12% of the $100M allocated by Fla. lawmakers for the Hometown Heroes homebuying program has been dispersed so far, according to Gov. Ron DeSantis.
NAR Benefit Helps Convert Renters to Buyers
A new member benefit introduced by NAR, Rental Beast, offers rental-listing management tools, such as ones that promote a renter-to-buyer conversion.
Forecast: Fla. Will Keep Growing – But a Bit Slower
Economists who estimate demographics and predict growth lowered their Fla. expectations. By April 2027, they now peg Fla. at 1.29% – a drop from their earlier 1.41%.
Insurers’ Downgrades Delayed, Problems Averted
Insurer-rating firm Demotech says it changed direction and won’t lower property insurers’ ratings “until further notice,” easing concerns for homeowners and buyers.
New Home Sales Sink 8.1% in June
Builders say it’s the lowest level since the start of the pandemic (April 2020), with buyers priced out due to high interest rates and ongoing building and development costs.