Browsing Posts In: blog

Governor Rick Scott has signed the Okeechobee Reservoir Bill into Law

May 16, 2017

Governor Rick Scott has signed Senate Bill 10, which is the legislation giving authorization to significantly increase the water stored south of Lake Okeechobee to build a reservoir in an effort to further reduce and eventually completely eliminate harmful discharges from the lake to the St. Lucie River. The building of the reservoir was Senate […]

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Hispanic Homeownership Rate Has Increased Significantly

May 8, 2017

The Hispanic population has a significant influence in residential real estate, outdoing national statistics as they purchase homes at a faster rate for the second straight year. According to the National Association of Hispanic Real Estate Professionals’ (NAHREP) recently released 2016 State of Hispanic Homeownership Report, the Hispanic homeownership rate increased to 46 percent last […]

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Sustainability Becoming More Widespread in Residential Real Estate Market

May 2, 2017

Sustainable qualities and characteristics for homes are becoming more of a central topic of interest among homebuyers and sellers. The National Association of REALTORS® (NAR) recent REALTORS® and Sustainability report reveals over fifty percent of REALTORS® affirm that real estate buyers and sellers are interested in home sustainability issues and practices. “As consumers’ interest in […]

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Lenders Expect an Increase in Mortgage Purchase Production This Year

April 24, 2017

Sustained economic development is anticipated to give first-time homebuyers the reassurance necessary to enter the residential real estate market. Moreover, about three out of five independent mortgage lenders (59 percent) in a recent survey predict an increase in the number of first-time homebuyers in 2017. The forecast comes from The Lenders One Cooperative, a national […]

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Florida’s Strong Economy Continues to Motivate Real Estate Market

April 20, 2017

Single-family home sales across the state of Florida totaled 18,033 for the month of February 2017, a small decrease of 0.5 percent in comparison to February 2016. While housing prices continue to rise and inventory shortages continued, Florida’s economy and housing market remain strong. “Florida’s economy is growing, with more jobs being created,” said 2017 […]

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Townhomes are Fastest-Growing in Single-Family New Construction Market

April 18, 2017

Townhomes are currently the most rapidly growing division of the single-family housing market, according to the National Association of Home Builders (NAHB). New construction of townhomes increased 17.8 percent from 2014 to 2015. That compares to a 10 percent construction increase for detached single-family homes and a 12.1 percent increase in co-op, condominium and apartment […]

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University of Florida Survey Indicates Sharp Increase in Consumer Sentiment Statewide

April 11, 2017

Consumer sentiment among Florida residents increased in March to the highest level in 15 years, according to the most recent University of Florida (UF) consumer survey. University of Florida’s most recent consumer survey results indicate a consumer sentiment reading of 99, the highest rate since March 2002 and the second-highest rate since November 2000. The […]

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Florida Real Estate and Economy Remain Strong

April 4, 2017

The sale of single-family homes across the state of Florida totaled 18,033 for February 2017, down just 0.5 percent when compared to February 2016. Despite rising housing prices and continued inventory shortages, Florida’s economy and real estate market remain relatively strong and developing. “Florida’s economy is growing, with more jobs being created,” said 2017 Florida […]

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Builders Plan to Put Emphasis on Entry-Level Housing Market

March 28, 2017

  Low inventory levels in the housing market have created continuing issues for the residential real estate market, with interested homebuyers facing competition and rising costs. In an effort to ease shortages, builders are planning to put emphasis on the entry-level housing market, as well as march forward with townhome, condominium, and overall single-family home […]

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Fannie Mae Index Results Point to Increased Confidence in Housing Market

March 21, 2017

More Americans currently believe it is a “good time” to purchase or sell a home. A recently-released Fannie Mae Home Purchase Sentiment Index® (HPSI) hit high point upon high point for February, indicating that Americans have a record-high amount of confidence in the nation’s housing market. “The latest post-election surge in optimism puts the HPSI […]

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