South Florida Law Blog

The number of homes sold last month decreased for the first time in a year, while prices remained stable. Closings in Palm Beach were down 10.0%, Broward 2.8%, and 3.5% in August as compared with last year, with the median sales price in Palm Beach being $480,000.00 (up 20% from last year); $495,000.00 in Broward (up 19%), and $500,500.00 in […]

Do you have a decent size garage? Are you looking for extra rental income? Well, look no more! There is a growing trend to convert garages into an accessory dwelling unit (or “ADUs”) to rent. What exactly is an ADU? Picture Courtesy WC Studios An ADU is a smaller, independent residential dwelling unit located on the same lot as a […]

A potential disruptor in home construction is the advent of 3-D printed homes. Not only does the use of 3-D printing obviate the current labor and supply shortages, causing an undersupply of available homes to purchase but also provides a more affordable market price for home buyers. What is a 3-D printed home? Picture courtesy interestingengineering.com 3-D printed homes are […]

Many prospective homebuyers are waiting for a correction in the housing market to purchase a home at a bargain comparable to the 2008 market crash. However, there are different factors now. The housing bubble 15 years ago was largely driven by questionable lending policies that led to a boom in new construction and a speculative frenzy. Now, prices are high […]

Forecasters predict that we are on our way to a housing bubble reminiscent of 2008…but for different reasons. While the pandemic created a housing boom, with an increased demand in homes, resulting in shortages and bidding wars. Yet, this pandemic-era market is markedly different from the late 2000s housing frenzy. Then, the frenzy was due to questionable lending practices and […]

The housing boom that we have experienced for the past year is slowing down. In fact, sales of new homes decreased in June to the lowest level since the early days of the pandemic in April 2020, according to the U.S. Census Bureau. Sales of new single family homes decreased to 19.4% below June 2020 levels, and are 6.6% of […]

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 […]

The pandemic has created a major divide in the housing market. There are many who were able to save during the height of the pandemic and are now able to purchase real estate. However, at the same time, there are many who are locked out of home ownership because they are unable to afford homes as they either do not […]