A seemingly trustworthy SW Fla. construction company allegedly defrauded dozens of retirees. After it stopped building, the vendors sued the homebuyers.
While the phrase “not out of the woods yet” is still used, Redfin economists say the market probably hit its cycle-low trough the second week of Nov. 2022.
Prices didn’t stop rising in 2022, increases just slowed. U.S. sellers averaged a $112K profit, up 21% – and eight of the top investment returns were in Fla. metros.
Pending home sales rose for the first time in six consecutive months, thanks in part to lower interest rates. Economist Yun says home sales’ low point “is likely over.”
Some attorneys see a downside to people spending more time at home during the pandemic, saying they’ve seen a lawsuit increase over fences, trees, borders and more.
The Florida Realtors-backed program funded with $100M has so far helped 3,500 teachers, police, ENTs, vets and others achieve the American dream of ownership.
Federal pandemic bills include funding to help at-risk owners avoid foreclosure, but many states’ delivery programs are sluggish, says Jacksonville Legal Aid rep.
Sen. Pres. Kathleen Passidomo’s legislation would nix rent control policies, add $100M for hometown heroes and “tackle this complex issue from all angles.”
In 2022, new-home sales were down 16.4% compared to 2021, but falling mortgage rates have pushed sales higher recently. In Dec., they were up 2.3% month-to-month.
Realtors sometimes try to “sell themselves” by answering questions quickly, but listening and secure self-awareness work better than rapid-fire responses.
