It's Friday desk clearing time for this blogger. "Year over year, home sales during a recent four-week period fell faster in five Florida markets than any other across the nation, according to Redfin. Home sales are down 15.2% in Fort…
A report from CBS News in Florida. "Just 16 years after construction, residents at a Brickell condo are grappling with a contentious $21 million special assessment for repairs to their buildings. Some unit owners of the two buildings at 1060…
It's Friday desk clearing time for this blogger. "It’s hard to tell which developments might come to life and which might die. The process can begin with so much hope for a new building, subdivision or neighborhood. But hopes can…
A report from Florida Today. "Looking only at single-family homes, the $359,450 median selling price in Brevard County was up 1.5% in May from $354,000 the month prior. Since May 2023, the sales price of single-family homes was down 2.6%…
A report from Fox 35. "The president of Florida’s Senate has confirmed that no special session will be convened to reconsider condominium safety legislation. 'For many years, people have elected to kick the can down the road,' said John Cadden,…
A report from the Wall Street Journal. "Board members of the Highland Park Community Association in Mission Viejo, Calif., braced last year for a rise in insurance costs. Yet they were still shocked to receive a quote for over $170,000,…
A report from CBS News. "When Joy Sharp built a new home in the small coastal community of Wilmington, North Carolina, about eight years ago, her homeowners insurance cost was a relatively modest $1,400. That was then. 'Now I've been…
A report from Barron's. "Austin, Texas, is seeing some of the nation’s steepest price declines for luxury homes, coupled with a growing supply of listings. With more properties to choose from, buyers are much more discerning and have little patience…
A report from Yahoo Finance. "The Federal Reserve chairman this week doused any hope homebuyers had that mortgage rates would soften anytime soon. Instead, rates jumped above 7% after Jerome Powell said inflation was taking longer to come down to…
A report from Market Watch. "It’s a tough time for the real-estate industry, which faces a significant test in the form of higher mortgage rates, Dave Liniger, the real-estate tycoon, founder and chairman of Denver-based real-estate giant Re/Max, told MarketWatch.…