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Miami-Dade County is the hottest rental market in America in 2023, due to its booming tech industry and no income tax policy. Despite a 3.7% increase in housing supply, rental costs remain high with an average rent of $3,280. The high rental demand has led to a severe housing affordability issue, with homeowners allocating a…
Mortgage lenders often sell home loans as mortgage bonds on the secondary market, which are considered safe investments backed by the U.S. federal government. Entities like Fannie Mae and Freddie Mac support the housing market by buying these mortgages and turning them into mortgage-backed securities. These bonds offer steady interest payments to investors, help banks…
Senate Bill 154 introduces critical changes for condominiums and cooperatives in Florida. It mandates "milestone inspections" every 10-yr for certain buildings, emphasizing life-safety and adequacy. It updates definitions and requirements for the Structural Integrity Reserve Study (SIRS) to ensure building safety.
Florida’s House and Senate unanimously approve $181.5M in funding for the My Safe Florida Home Program. The program, aimed at "hardening" homes against storms, intends to reduce homeowners' insurance costs. Funding includes: – Hurricane Recovery Grant Program: $50M – Hurricane Housing Recovery Program: $25M – Rural Infrastructure Fund: $5M
Owning a home is a keystone of wealth… both financial affluence and emotional security.
