Florida Real Estate News

March 23, 2020

Florida Realtors: Feb. Single-Family Sales Up 9.1%

Florida condo sales up 10.8% year-to-year. Statewide median price for single-family homes up 8% to $270K; condo median price up 6.7% to $200K. The spread of COVID-19 has affected everyone, says Florida Realtors Pres. Grooms, noting that exactly how Fla.’s businesses and real estate will be impacted ...
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March 12, 2020

Reinsurance Costs Going Up – Is Homeowner’s Insurance Next?

Backup coverage bought by Florida property insurance companies raised prices 10-60% since 2018, and some are expected to pass that higher cost onto homeowners.

TALLAHASSEE, Fla. – Here’s a grim note for the budget: the cost of insuring real estate is going up. Again.

A sure sign: Reinsurance companies – ...

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March 6, 2020

4 Florida Small Markets Tops in Number of New 2020 Apartments

New apartment supply is expected to reach a 30-year high this year, and in a list of small markets with big increases, four Florida metros are listed in the top seven.

TITUSVILLE, Fla. – The apartment sector is expected to have a banner year, with new supply reaching a three-decade ...

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Feb. 24, 2020

Florida Realtors: January Single-Family Sales Up 17.9%

Florida condo-townhouse sales were up 14.5% year-to-year. The statewide median price for single-family homes rose 6% to $265K, and condo-townhouse prices up 9.6% to $200K.

ORLANDO, Fla. – Florida’s housing market started the year off on a positive track, with more closed sales, higher median prices, more pending ...

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Feb. 21, 2020

Florida Will Offer Vets Housing Assistance Via $8M Program

A program under the Florida Housing Finance Corporation will offer down payment and closing cost assistance programs, coupled with low-interest-rate first mortgages.

PENSACOLA, Fla. – Florida Gov. Ron DeSantis announced a “Salute Our Soldiers” Military Loan Program (SOS) for veterans and active duty military personnel throughout the state following a ...

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Feb. 13, 2020

Florida's Home Sales and Median Prices Show Gains at End of 2019

Florida Realtors data: Single-family sales up 5.9%, median price up 3.7% year-over-year while condo median price up 3.8% over 2018’s end. Condo sales eased slightly, down 0.8%, compared to a year ago. A growing economy and strong jobs outlook bode well for 2020.

ORLANDO, Fla.  ...

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Feb. 4, 2020

Real Estate Directly Responsible for 16% of Florida’s Economy

Myth: In Fla.’s economy, citrus is second to tourism. Fact: Real estate sales and leasing are far-and-away Fla.’s No. 1 industry. It makes up 16% of the state’s economy ($173B per year), according to an analysis of North American Industry Classification System (NAICS) data.

TALLAHASSEE, Fla. – Myth ...

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Jan. 27, 2020

Q&A: Can Condo Association Rules Override Florida Law?

A condo board decided not to list directors’ names with their votes, using only “3-yes, 2-no,” instead; another board charges background-check fees that appear illegal.

STUART, Fla. – Question: In our Association Board meeting minutes, the vote of each director has always been listed by name. Such as Director ...

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Jan. 24, 2020

Expect Florida's Economy to Grow, Continue Strong in 2020

Florida Realtors Real Estate Trends summit: The U.S. economy is doing quite well – and Fla.’s economy is doing even better, economic experts told more than 400 Realtors at the 2020 summit. Factors that fueled fears of a possible recession have mostly faded.

ORLANDO, Fla. – The U ...

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Jan. 23, 2020

Florida Realtors: Single-Family Sales Up 23.8% in December

Florida condo-townhouse sales were up 17.7% year-to-year. The statewide median price for single-family homes rose 5.9% to $270K, and condo-townhouse prices were up 8.1% to $200K. Pending inventory and new pending sales also rose statewide in both categories.

ORLANDO, Fla. – The holiday season was a time ...

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