Found 2 blog entries tagged as local real estate news.

Fed Rate Hike & 7% Mortgage Rates: What South Florida Buyers Should Know

Key Takeaways

  • The Federal Reserve raised its target range by 0.25 percentage point on September 16, 2026, but mortgage rates are not set directly by the Fed and had already reflected much of the expected move.
  • With mortgage rates around 7%, affordability and payment planning remain central for financed buyers, while the effects can differ sharply among neighborhoods, price points, and buyer profiles.
  • In South Florida, a clear financing strategy and a market-specific property search can create options even when elevated rates slow the broader housing market.

The latest Fed rate hike and mortgage rates conversation is understandably top of mind for buyers and…

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Florida Property Tax Reform 2026: What Homebuyers and Sellers Need to Know

Key Takeaways

  • Historic Exemption Increases: If passed, Amendment 3 will raise the non-school homestead exemption to $150,000 in 2027 and up to $250,000 in 2028, providing significant relief for permanent residents.
  • Changes for Newcomers and Investors: Out-of-state buyers relocating to Florida will face a five-year waiting period before qualifying for the full exemption, if purchasing after January 1, 2027, while non-homestead properties will see their annual assessment growth cap reduced from 10% to 5%.
  • Local Impact on Services: The reform may lead to substantial budget adjustments for local governments in Palm Beach and Broward counties, potentially…

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