Navigating Changes in Real Estate Commissions: Understanding the NAR Settlement
The real estate landscape is evolving with the recent proposed settlement of the commission lawsuits by the National Association of Realtors (NAR). The settlement, preliminarily approved, introduces significant changes that will impact MLS policies. Here’s a detailed overview to help you prepare for these upcoming changes, which must be implemented by September 16, 2024, by […]
Florida Real Estate Market Update: June 2024
The Florida real estate market continues to evolve in 2024, with June showing signs of a transition from the seller’s market that dominated recent years. Let’s delve into some key data points: What Does This Mean? For buyers, June presents a more favorable environment. There’s a wider selection of properties, and potentially more room for […]
Real estate market in 2023: Challenges and opportunities
The real estate industry is constantly evolving, and it’s important for realtors and consumers to stay ahead of the curve in order to remain competitive and informed. Here are a few recent news and trends in the real estate industry: Rising mortgage rates Mortgage rates have been rising steadily throughout the year, and they are […]
New Home Listings Dominate the Market: A Look at Q2 2023’s Surge in New Construction
In the realm of real estate, new construction homes have taken the center stage. Recent data from 2023 showcases the burgeoning presence of new construction homes, especially in the Florida metros, amidst a nationwide homebuilding boom. The U.S. housing market has seen some extraordinary shifts in recent years. According to a report from Redfin, the […]
Live Local Act: A New Hope for Affordable Housing in Florida
The Live Local Act, signed into law on March 29, 2023, promises to revolutionize affordable housing in Florida. With a comprehensive set of programs and incentives, this Act aims to increase the availability of affordable housing options across the state, providing hope for residents struggling to find homes they can afford. Key Provisions of the […]