The Senator proposed a bill for landlords to disclose flood zones to tenants. The bill, if passed, applies to apartments in July 2024, aiming to protect renters. Landlords must inform potential tenants about flood zones and any subsequent changes.
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The Economic and Strategic Research Group at Fannie Mae predicts a gradual revival in single-family home sales in the coming year, aligned with an increase in mortgage origination activity due to lower mortgage rates. However, challenges such as affordability, the lock-in effect, and a shortage of available homes are expected to persist into 2024. The…
Heading into 2024, the market's trajectory in South Florida is mired in uncertainty, impacted by variable home inventory and economic factors.With mortgage rates at a 23-yr high, ~ 8%, they significantly shape market conditions and buyer behavior.
Florida's housing market saw a slight price increase in 2023, with median home listing prices above the national average. Predictions for 2024 indicate potential fluctuations in mortgage rates, prompting buyers and sellers to wait. Despite this, inventory needs to increase to meet demand. No housing market crash is expected in Florida in 2024. Decisions to…