South Florida Law Blog

Online searches for “sell my house” has increased by 147% as of July. Florida ranked number 5 out of  the top 10 states that had the most searches for selling a home. In fact, Fort Lauderdale, West Palm Beach, Miami, Coral Springs, Boca Raton, and Port St. Lucie are some of the cities that had the most search queries. Is […]

Sellers are changing their playbook because of mortgage rates OVERVIEW Why the housing market has been hot in 2022 What suggests prices are starting to cool down How home prices will affect the economy The housing market is currently full of unhappy people. Among them are sellers who realize they’ve listed their properties too late. Redfin says home prices are […]

With economic uncertainty in the market, many homeowners are looking to adjustable rate over fixed rate mortgages. Why? Initially adjustable-rate mortgages, or ARMs, typically offer lower rates than fixed mortgage rates and then adjust at specific intervals over the life of the loan. Currently, ARMs look attractive to those home purchasers who are concerned with both higher mortgage rates, rising […]

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 […]