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Category: Florida Real Estate

UPDATE: Florida Legislature Passes Condo Inspection Law in Wake of Surfside Tragedy

Sun May 29, 2022 by on Florida Real Estate

UPDATE: Florida Legislature Passes Condo Inspection Law in Wake of Surfside Tragedy

The Florida Legislature unanimously approved a condominium safety bill, S.B. 4D,  this past week, which now awaits the Governor’s signing. Pursuant to that bill, buildings three stories or higher and thirty years old will have to undergo strict safety inspections and every ten years thereafter. Buildings within three miles of the coast must be inspected before they are twenty-five years […]

UPDATE: Proposed Condo Law Fails To Pass In Wake Of Surfside Tragedy

Sun Mar 20, 2022 by on Florida Real Estate

UPDATE: Proposed Condo Law Fails To Pass In Wake Of Surfside Tragedy

As we discussed in an earlier blog, the 2022 Florida State Legislature had before them a proposed law which would have created one of the strictest condo inspection and reserve funding requirements within the United States. The legislation was an attempt to prevent tragedies such as  the horrific Surfside, FL collapse last June, which raised issues of condo ownership, collective […]

Cost of Condo Ownership Likely to Rise Pending New Law In Wake of Surfside Tragedy

Mon Mar 7, 2022 by on Florida Real Estate

Cost of Condo Ownership Likely to Rise Pending New Law In Wake of Surfside Tragedy

Currently, Florida lawmakers are about to pass on a bipartisan basis one of the strictest condo inspection and reserve funding requirements within the United States. The legislation is an attempt to prevent tragedies such as  the horrific Surfside, FL collapse last June, which raised issues of condo ownership, collective responsibility for condo maintenance and upkeep, and inadequate reserves. Picture courtesy […]

What Does A Russian Invasion Of Ukraine Have To Do With The South Florida Real Estate Market?

Mon Jan 31, 2022 by on Florida Real Estate

What Does A Russian Invasion Of Ukraine Have To Do With The South Florida Real Estate Market?

Whether Russia invades Ukraine has not only tremendous political but also global financial consequences. The United States has already threatened sanctions targeting Russia’s ability to send money throughout the world.  Perhaps the most far-reaching financial sanction would be to block folks in Russia the ability to use the internationally renowned and recognized Belgium based SWIFT system of payments that moves […]

Will South Florida’s real estate market remain red hot?

Thu Sep 2, 2021 by on Florida Real Estate

Will South Florida’s real estate market remain red hot?

Published: September 2, 2021 8:59 am on WPLG Local 10 by Authors Kathleen Corso & Kristi Krueger WESTON, Fla. – Condos, apartments and single family homes: Demand for every kind of housing in South Florida has been soaring, but some experts see signs of a shift. Last month, property sales in Miami-Dade, Broward and Palm Beach counties dropped compared to July 2020. “I […]

Impending Foreclosures and Evictions: The End of Moratoriums

Impending Foreclosures and Evictions: The End of Moratoriums

To combat the financial burden families faced as a result of the coronavirus pandemic, the CDC instituted eviction moratoriums while other agencies instituted other borrower protection measures. These programs will expire for most Americans sometime this summer, 18 months after they were initially launched at the beginning of the pandemic. However, due to government aid bottlenecks and growing fear of […]

Steaming Hot: Luxury Home Sales in South Florida

Tue Apr 27, 2021 by on Florida Real Estate & Real Estate

Steaming Hot: Luxury Home Sales in South Florida

Since late last year, residential properties in South Florida ranging from $1 million plus to over $15 million have been selling at incredible pace. Single family sales doubled, with average sales prices increasing 20.1% from $2.55 million to $3.06 million, with all cash deals more than doubling. While high-end condo market sales are arguably outpacing single family home, the overall […]