South Florida Law Blog

As the Federal Reserve raises interest rates for the second time in a few short weeks, supply chain issues still abound, and inflation continues to roar, what does this all mean for the real estate market in South Florida and to you? Adjustable Mortgages and Home Prices To begin with, if you have an adjustable-rate mortgage you will likely see […]

There is new market research that indicates that home price listings throughout the United States have been reduced 24.1% over the past few weeks. Why? With increased demand and short supply of homes, many sellers have been able to place their homes on the market for much higher prices with buyers willing to pay over their asking price. However, with […]

As we indicated in our recent blog, increasing interest rates and home prices led to the consumer behavior of increasing home sales due to buyers’ having a fear of missing out as concern grew that continued increases in mortgage rates would make it even more difficult to purchase a home. Now, we are seeing early indications that more sellers are […]

While both interest rates and home prices in South Florida have increased, there is still an upsurge in real estate investment and purchases. Typically, rising mortgage rates and higher than normal home prices would lead to a slowing of the real estate market. Yet, researchers at the Federal Reserve Bank of Dallas find that a fear of missing out or […]

There is a rise in homeowner associations attempting to block investors from purchasing residential properties for rental purposes. These groups claim that, by having companies buying rental properties, has actually led to a decline in property maintenance, making their neighborhoods less attractive and potentially lowering their property values. While homeowner associations typically enforce rules found in their documents, such as […]

Various economists are predicting that the home price growth will slow down. If this does not happen, home purchase prices will go further out of reach for homebuyers that the housing market overall will overheat. Already there is far more demand than supply, and far less affordable homes in reach of potential purchasers. While most of these economists prefer the […]

As we continue to live with the COVID-19 pandemic that is morphing into something endemic, the concept of the workplace is ever evolving. While there are many of us who have returned to traditional offices, there also remains others who are able to either work from home or are hybrids (working a few days at a traditional office and remotely). […]

“Branded” housing is definitely in vogue in South Florida. In the luxury residential real estate market, purchasers seek brand names such as Ritz Carlton, Four Seasons, Porsche, and Aston Martin as they consider homes.   The number of hotel branded residences, for example, doubled from 2010 and 2020. Why? Such high-end residences provide an array of services, ranging from spas […]