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Florida Real Estate News – NAR Commercial foreign investment on the rise

Florida Real Estate News – What will happen with international commercial investing? NAR’s latest survey of commercial members found an increase in 2016 deals, notably for smaller commercial properties in secondary and tertiary markets, with Fla. the top destination of choice. WASHINGTON –One-fifth of surveyed Realtors® practicing in commercial real estate closed a sale with an international client in 2016, and as foreign investors flock to smaller-sized commercial properties in secondary and tertiary markets, many Realtors® are confident that increased sales and leasing activity will occur in 2017. This is according…

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Florida Real Estate News – Credit scores hit record high

Florida Real Estate News – In April, the average U.S. credit score hit 700 as more bankruptcies drop off consumers’ reports. It’s the highest level since FICO began tracking data in 2005. Credit scores for U.S. consumers reached a record high this spring while the share of Americans deemed to be some of the riskiest borrowers hit a record low — a potential boon for lending and economic activity. Consumers’ improving fortunes reflect falling unemployment and continued, if lackluster, economic growth. An added benefit: The passage of time since the…

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Florida Real Estate News – Home price rise strongest in nearly three years

Florida Real Estate News – SandP CoreLogic Case-Shiller: U.S. home prices rose 5.8% annually in March as the pace of increases accelerated in 2017. From 2014-2016, they hovered around 5%. Home prices rise at strongest pace in nearly 3 years Buying a new home can be very overwhelming, especially if it’s your first one. These six tips – like getting extra inspections and researching your neighborhood beforehand – can help simplify the process. What are your best tips for new homeowners? Time These are heady days for American home sellers,…

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Florida Real Estate News An interview with Florida Realtors President Maria Wells

Florida Real Estate News – Wells calls the 2017 legislature session “one of the best years in decades for homeowners,” and she’s focused on affordable housing and flood insurance issues. An interview with Florida Realtors President Maria Wells WEST PALM BEACH, Fla. – As 2017 president of Florida Realtors, real estate broker Maria Wells travels frequently to Tallahassee and Washington, D.C. In Tallahassee, Wells pushed for state money for affordable housing, an issue that has re-emerged as home prices rise, Wall Street landlords snap up single-family homes and housing starts…

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Florida Real Estate News – Fla. businesses to see reduced biz rent tax in 2018

Florida Real Estate News – Gov. signs HB 7109 that reduces Fla.’s business rent tax. 2017 Pres. Maria Wells says it “puts $61M back in the hands of businesses to grow and hire more people.” Fla. businesses to see reduced biz rent tax in 2018 BOCA RATON, Fla. – Gov. Rick Scott today signed HB 7109, which includes a reduction to Florida’s business rent tax as well as other tax cut provisions. 2017 Florida Realtors®President Maria Wells, broker-owner with Lifestyle Realty Group in Stuart, spoke in support of the legislation…

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Florida Real Estate News – Scorecard: Manhattan investment sales in a three-month slump

Scorecard: Manhattan investment sales in a three-month slump From the June issue: Manhattan investment sales clocked in at $836.2 million in April, less than half of the 12-month average of roughly $2 billion, according to an analysis of NYC Department of Finance data. Carlyle Group’s $217.5 million bulk office condominium purchase was the largest transaction recorded in April. Sales volume in Brooklyn was strong, with buyers closing $847 million, up from $375.9million the month prior. A huge chunk of that total was from […] Scorecard: Manhattan investment sales in a…

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Florida Real Estate News – In 4 out of 5 U.S. states, the length of the daily work commute continues to rise as more people look for affordable housing farther outside urban areas.

Florida Real Estate News – In 4 out of 5 U.S. states, the length of the daily work commute continues to rise as more people look for affordable housing farther outside urban areas. Number of ‘super commuters’ rises with home prices NEW YORK –  The number of commuters who travel 90 minutes or more to get to work increased sharply between 2010 and 2015, a shift that traffic experts, real estate analysts and others attribute to skyrocketing housing costs and a reluctance to move. In all but 10 states, the…

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Florida Real Estate News – Trump administration proposes 2018 HUD budget

Florida Real Estate News – The spending plan lowers HUD’s budget by 22.9%, preserves support for 4.5M HUD-assisted households, nixes community block grants and cuts rental assistance. Trump Administration Proposes 2018 HUD Budget Brand This Post With Your Info! The Trump Administration on Tuesday announced its 2018 proposed budget for the U.S. Department of Housing and Urban Development (HUD), scaling back funding to the agency approximately 13 percent to $40.68 billion. The proposed budget preserves rental assistance for 4.5 million low-income households, but recommends reforms to the Housing Choice Voucher…

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Florida Real Estate News – Multifamily developers’ confidence dips in 1Q

Florida Real Estate News – New apartment and condo construction may have peaked: A quarterly builders survey found that a confidence index dropped below 50 for the first time since 2011. Multifamily Developer Confidence Dips in First Quarter as Market Levels Off The Multifamily Production Index (MPI), released today by the National Association of Home Builders (NAHB), dropped seven points to 48 in the first quarter of 2017. The MPI has not had a reading of under 50 since the fourth quarter of 2011. The MPI measures builder and developer…

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Florida Real Estate News – HUD’s Carson expected to ramp up public profile

Florida Real Estate News – Carson has a series of appearances coming up – a chance to spell out his vision for HUD, explain potential budget cuts and discuss recent controversies. HUD’s Carson expected to ramp up public profile The Associated PressFILE – In this April 26, 2017 file photo, Housing and Urban Development Secretary Ben Carson speaks with Michelle Heritage, director of a shelter program, inside a shelter in Columbus, Ohio. Carson was one of the biggest names to join Donald Trump’s Cabinet, but since taking office about 100…

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