Plaintiffs opposing Fla.’s foreign-buyer law submitted a preliminary-injunction request to an appeals court this week after a U.S. district judge denied the request.
Apartment construction is facing rising interest rates, declining rents and overbuilding in some areas. As a result, 2023 has seen 41% fewer new-project starts.
The U.S. added 336K jobs in Sept. – far above expectations for 162K. It says good things about the economy, but the Fed will see a big red flag in its inflation fight.
Top challenges for RE firms? Affordability, inventory and new technology. One-office firms had median sales volume of $5.3M – 30% expect higher profits this year.
Fla. had 2 (out of 10) finalists – now it has 2 (out of 5) winners: Fort Lauderdale’s Kasia Maslanka and Palm Coast’s Sandra Shank.
The office market – challenged by inflation, more natural disasters and a drop in lease income – also faces insurance costs that have risen 7.6% each year since 2017.
A 1.2-point drop to 66.3 was “not unexpected,” since Hurricane Idalia hit in Sept., say UF researchers – and “current finances” fell more than future expectations.
23.5% of LGBTQ+ renters can’t rely on family/friends for financial help compared to 14% of other buyers. They also have more student loan debt, 18.4% vs. 11.4%.
An AI-based, NextGen cloud platform, Titan Flood, plans to offer private flood insurance policies with the ability to provide quotes “in seconds.”
161 businesses in 25 Fla. counties hurt by Hurricane Idalia have received Fla. bridge loans as they await insurance or other help. Deadline to apply: Oct. 25.
