Florida Real Estate News

June 26, 2019

1 in 5 Florida Owners With a Reverse Mortgage Are in Trouble

Owners with a reverse mortgage must still pay property taxes and insurance, and lenders will often start foreclosing quickly if they miss any payments.

STUART, Fla. – Gerda Graf was plagued with financial woes when she took out a reverse mortgage 10 years ago. Earlier this year, the 83-year-old lost ...

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June 24, 2019

Florida Housing Market Report: Sales & Median Prices Up in May

May was “the highest single-family home sales’ monthly total for any single month in … 10 years," says Brad O'Connor, Florida Realtors chief economist.

ORLANDO, Fla – Florida’s housing market reported increased sales, higher median prices, more pending sales and gains in inventory (active listings) in May compared to ...

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June 14, 2019

Florida program can help with reverse mortgage problems

TALLAHASSEE, Fla. – June 13, 2019 – Florida's federal Elderly Mortgage Assistance Program (ELMORE) is accepting applications from homeowners who need help with their reverse mortgage until June 30, according to a news release.

Homeowners who meet specific qualifications may be eligible for a two-year forgivable loan of up ...

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June 12, 2019

Florida economy poised for long, positive run

ORLANDO, Fla. – June 11, 2019 – A new report from Wells Fargo Securities indicates economic growth in Florida has continued to outpace the nation so far this year and has evolved to enhance long-run competitiveness.

"Its strong performance is particularly noteworthy given the severity of the Great Recession in ...

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June 11, 2019

Gov. DeSantis signs bills on open permits, online notaries

TALLAHASSEE, Fla., June 7, 2019 – Florida Gov. Ron DeSantis' signed two bills into law last week, HB 447 and HB 409 – a move applauded by Florida Realtors®.

HB 447: Open and expired permits

HB 447 allows local governments to close a permit six years after issuance, as ...

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June 10, 2019

A homeowner break? State Farm says it will cut rates

MIAMI – June 7, 2019 – Hurricanes gave South Florida a break last year, and State Farm Florida listened. The company is dropping rates for its 270,000 Florida customers by an average of 14.4%.

It's a rare bit of good news for Florida, where hurricanes frequently bring ...

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June 6, 2019

The essential guide to hurricane preparedness

ORLANDO, Fla. – June 5, 2019 – Until Hurricane Michael hit Florida's Panhandle last year, that area of the state was considered less vulnerable than the eastward parts that jut out into the Atlantic Ocean's preferred path for big storms.

Hurricane season begins on June 1st and lasts ...

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June 3, 2019

Bloomberg: Florida the winner as the wealthy move south

NEW YORK – May 31, 2019 – According to a Bloomberg analysis of state-to-state moves based on data from the IRS and the U.S. Census Bureau, Florida saw a net influx of nearly 3% of the state's adjusted gross income in 2016.

South Carolina, Idaho and Oregon also ...

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May 23, 2019

Some Florida Metros change zoning to allow more tiny homes

ORLANDO, Fla. – May 22, 2019 – The tiny home under construction at Cornerstone's Longwood factory has room for a queen bed, an apartment refrigerator, a closet and even a washer and dryer hook-up.

But the biggest difference in the $68,000, 360-square-foot home model is the lack of ...

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May 22, 2019

Florida's housing market: Sales, median prices rise in April

ORLANDO, Fla. – May 21, 2019 – Florida's housing market reported more sales, higher median prices and increased inventory (active listings) in April compared to a year ago, according to the latest housing data released by Florida Realtors®. Sales of single-family homes statewide totaled 26,992 last month ...

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