South Florida Real Estate News - real estate

Best South Florida Real Estate Markets for Investors

Which South Florida Real Estate Markets Offer the Best Investment and Protection for Investors?

South Florida boasts a rich tapestry of real estate markets, attracting local and international investors, retirees, entrepreneurs, and workers from across the U.S. This dynamic region, stretching from northern Palm Beach County to Miami Beach and Coral Gables, is a prime destination for those seeking lucrative and stable investment opportunities.

In today’s fluctuating global financial environment, savvy investors are prioritizing not just aesthetics or affordability but also wealth preservation and consistent income. With these goals in mind, here are the top South Florida neighborhoods that offer excellent protection for investors seeking long-term…

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Revamping Downtown Boca Raton: Implementing "The Complete Streets Policy"

Revamping Downtown Boca Raton: Enhancing Safety and Boosting Real Estate Value

Boca Raton’s Federal Highway is set for a transformation aimed at improving safety for pedestrians and cyclists while enhancing the overall appeal of Downtown Boca Raton. A 1.3-mile stretch from Camino Real to Northeast Mizner Boulevard will undergo significant changes, including wider sidewalks, buffered bike lanes, and a lower speed limit. These upgrades not only aim to improve pedestrian and cyclist safety but also align with the city’s "Complete Streets Policy," fostering a more walkable, bike-friendly environment in one of South Florida's most desirable urban centers.

The Florida Department of Transportation (FDOT) will oversee the project, which will see sidewalks…

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The NAR Settlement and It's Impact on the Real Estate Industry

The recent settlement between the National Association of Realtors (NAR) and several plaintiffs have significantly changed real estate practices, effective August 17, 2024. These changes aim to increase transparency and reduce potential conflicts of interest, reshaping how agent compensation and buyer agreements are handled across the industry.

Key updates include:

1. Compensation Changes: The most impactful change is the prohibition of listing brokers or sellers offering commission to buyer agents on Multiple Listing Services (MLS). This effectively ends the common practice where sellers paid both the listing agent and buyer’s agent commissions, leading to greater transaction clarity. MLS platforms will now remove any fields related to buyer-agent…

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Essential Questions to Ask When Hiring a Real Estate Agent to Represent You as a Home Buyer

When it comes to purchasing a home, especially in competitive markets like Boca Raton, Florida, having the right real estate agent by your side can make all the difference. An experienced agent not only helps you navigate the complexities of the home buying process but also ensures you get the best deal possible. However, not all real estate agents are created equal, and it's crucial to ask the right questions before hiring one. Here are the essential questions you should ask when hiring a real estate agent to represent you as a home buyer.

1. How Long Have You Been Working in Real Estate?
   Experience matters in real estate. An agent with several years of experience is likely to have a deep understanding of the local market, negotiation strategies, and…

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The Priciest Neighborhoods in Delray Beach

In Delray Beach, Florida, a haven of luxury and tropical allure awaits those seeking an opulent lifestyle. This coastal gem is renowned for its mix of high-end gated communities and lavish condominiums, where amenities such as advanced fitness centers, Olympic-sized pools, saunas, private tennis courts, and beach access define everyday living. Delray Beach is not just about luxury homes; it's a culturally rich area brimming with art galleries, museums, boutique shopping, gourmet dining, and tranquil parks and beaches. It's no surprise that some of Palm Beach County's most prestigious neighborhoods are found here, offering a unique blend of beachside living and urban convenience.

Stone Creek Ranch

A pinnacle of luxury, Stone Creek Ranch sits on…

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Palm Beach County Has Become The New Hub for Businesses

Publix. Citrix. Office Depot. These are but a few of the largest and most recognizable companies that have called South Florida home for decades. Recently however, the corporate neighborhood has gotten a lot more crowded—and the momentum has only picked up. 

Over the past half-decade, the Palm Beach County Business Development Board has helped roll out the welcome mat to approximately 140 companies who have relocated or expanded their operations into the county. This has resulted in more than $1.12 billion in capital investment and over 13,000 direct jobs for locals.

It has also contributed to a still-booming residential and commercial market. Just over the past year, these companies have swallowed up more than 1.6 million square feet of…

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Interest Rate Increases And Their Effect on the South Florida Real Estate Market

The Federal Reserve intensified its fight against inflation in June by announcing the biggest interest rate increase in 28 years as the government's main lending institution tries to rein in skyrocketing consumer costs. 

The largest increase since 1994, the Fed increased its benchmark interest rate by three-quarters of a percentage point. That comes after increases of a quarter point in March and a half point in May. The increase is due to growing prices for rent, groceries, gasoline, and a variety of other goods and services. Higher interest rates will increase the cost of carrying a credit card bill, obtaining a vehicle loan, and purchasing a home.

Rate increases are anticipated to continue in the upcoming months. In general, Fed policymakers…

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Will Florida's Housing Market Cool Down or Crash?

Florida seemingly continues to operate in its own world—at least when it comes to real estate. While signs indicating slowing momentum are popping up more and more throughout the nation, six of the top 25 overvalued home markets are right in our backyard, and several new studies indicate a prolonged period of unaffordability.

Florida Atlantic University, Florida International University, and the University of Alabama found that the current combination of high demand and low inventory that began at the start of the pandemic is likely to continue thanks in part to future population growth projections.

Which Florida Communities Are The Most Overvalued?

Of the six Sunshine State metro areas identified, Fort Myers topped the list. Typical buyers…

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Five Reasons We Won’t See A Housing Crash in 2022

It may be hard to believe, but the South Florida real estate market is quickly approaching the conclusion of its second full calendar year of record-shattering pace. Homes and condos are still selling nearly as quickly as they were at the start of the COVID-19 pandemic, and setting new highs along the way. 

With respect to Mr. Gordon Gekko, many real estate experts and economists—not to mention home buyers and sellers—aren’t convinced that all this greed is good. Headlines abound regarding a potential housing crash which would rival that of the late ‘00s. While it’s true that some cherry-picked data trends could cause concern, the fact of the matter is we find ourselves in a far different climate; one that could actually turn out positively for…

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Could Mandatory Inspections Prevent Future Condo Tragedies in Boca Raton?

In the wake of the tragic collapse of the Champlain Towers South in Surfside, more questions and concerns regarding the safety of buildings throughout South Florida have emerged seemingly every day. Now, a coalition under Palm Beach County’s League of Cities has proposed an inspection of many condos, apartment buildings, hotels, and offices both east and west of I-95.

The proposal targets buildings a minimum of 25 years old east of the highway, and 35 years old on the western side, regardless of height. This surpasses the standard of 40 years of age in Miami-Dade and Broward counties. While one and two-family homes, government buildings, and schools are excluded, this would result in a massive undertaking, as 90% of the condominiums stretching from…

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