Author: Florida Real Estate News
Miami-Dade Considers Property Tax Reduction for 2025 Amid Real Estate Market Slowdown The Miami-Dade property market is experiencing noticeable changes, prompting local officials to consider adjustments that could benefit taxpayers. Tomás Regalado, the county’s property appraiser, has proposed a potential reduction in property tax assessments for 2025. This proposal comes in light of a significant slowdown in the growth of property values, raising questions about the future of property taxes in Miami-Dade. Understanding the Current Market Shift During a recent press conference, Regalado shared critical findings from a new report that highlights a cooling real estate market. The growth rate…
Broward County Mother and Son Charged with Money Laundering Tied to Prostitution Operation Arrest of Christopher Jelavic and Margareta von Lambert In a significant legal development, a mother-son duo from Broward County, Florida, has been arrested for alleged money laundering connected to a prostitution operation. Christopher Jelavic, 48, and his 70-year-old mother Margareta von Lambert were taken into custody earlier this month. They face serious charges, including one count of money laundering exceeding $100,000 in a 12-month period and receiving support from prostitution proceeds. Details of the Allegations Court documents uncover that Jelavic and von Lambert ran a Pompano Beach…
The Boom of West Palm Beach: How Billionaires are Transforming the Local Economy The influx of tech entrepreneurs and billionaires into Palm Beach County, particularly in idyllic areas like Wellington and West Palm Beach, is revolutionizing the local landscape. With Florida’s absence of state income tax, the appeal of a carefree lifestyle is drawing many to relocate their companies to this sun-drenched paradise. A Surge in Class A Office Space Demand West Palm Beach may only encompass 3.95 million square feet in its Central Business District—infinitesimal compared to Midtown Manhattan’s vastness—but it is rapidly becoming a hub of high-energy commercial…
New NAR Rules Transform Real Estate Commission Structures in Florida In a significant move towards greater transparency in the real estate industry, the National Association of REALTORS (NAR) has implemented new regulations that revolutionize how real estate commissions are structured in the United States, including Florida. These changes, effective August 17, 2024, aim to enhance the clarity of financial agreements between buyers, sellers, and their agents. Our new agreements provide more flexibility and transparency Key Changes in NAR’s Commission Structure With the recent settlement affecting real estate practices, here are the pivotal changes every buyer and seller needs to know:…
Bob Henriquez: The Ideal Choice for Hillsborough County Property Appraiser Introduction to the Hillsborough County Property Appraiser Role The Hillsborough County Property Appraiser plays a vital role in the assessment of property values for tax purposes within the county. Responsible for evaluating hundreds of thousands of individual parcels, the appraiser ensures that property taxes are assessed accurately. Key responsibilities include: Determining market values for properties Administering homestead and other tax exemptions Maintaining ownership maps of all real estate With an office staff of 104 employees and an annual budget of $15 million, the appraiser is elected for a four-year term…
Florida Housing Market Update: Trends and Insights Build-to-Rent Homes Surge The build-to-rent segment in Florida’s housing market is experiencing an unprecedented boom. In 2024, a record-breaking 5,379 new single-family rental homes were completed, representing a 304.7% increase in inventory over the past five years, as highlighted by data from Point2Homes. This model focuses on properties designed specifically for renting, rather than for sale, catering to a growing demand for long-term rental options. Key Highlights: Record inventory growth: 5,379 rentals completed in 2024. 304.7% increase in build-to-rent homes over five years. Buyers on Strike as Inventory Grows Despite the surge in…
Is Florida Housing Market Shifting? Analyzing the Record Inventory As the Sunshine State experiences a significant surge in housing inventory, many are left to speculate on the implications for buyers and sellers alike. Is this trend merely a fleeting moment or a precursor to a more prolonged shift in the Florida housing landscape? Florida Housing Market: Record Supply Signals Change for Buyers The Data Speaks: Inventory on the Rise Recent statistics from Redfin reveal that Florida concluded January 2025 with 172,209 homes for sale. This marks a 22.7% increase from the previous year, establishing the highest inventory level since records…
The Evolving Luxury Real Estate Market of 30A: Insights from Expert Stacey Wright The 30A real estate market is renowned for its stunning coastal properties along Northwest Florida’s scenic Highway 30A. With its rich tapestry of luxury homes, the area continues to attract high-net-worth buyers eager to invest in this picturesque destination. Meet Stacey Wright: A Leader in 30A Luxury Real Estate Stacey Wright has rapidly established herself as a preeminent luxury real estate advisor at Compass, facilitating over $80 million in transactions in 2024 alone. Her in-depth knowledge of high-end properties, particularly in Rosemary Beach, Watersound, and Alys Beach,…
Why Hiring a Property Manager for Your Orlando Rental Property is Essential Managing a rental property can be a fulfilling venture, but it comes with a unique set of challenges. Engaging a professional Property Manager can help streamline operations and maximize your investment. Below are several compelling reasons to consider hiring a Property Manager for your rental property in Orlando. Professional Expertise Knowledge of Local Market and Regulations Professional property management companies in Orlando bring a wealth of experience. Their Property Managers are well-versed in: Local laws and regulations: Understanding the legal landscape helps in maintaining compliance. Market trends: This…
Florida Housing Market Declines Rapidly as Sellers Slash Prices Amid Cooling Demand The Florida housing market, once a red-hot hotspot during the pandemic surge, is now experiencing a swift downturn. Sellers are offering significant price reductions to attract hesitant buyers, signaling a rapid market shift. This correction follows years of surging demand and escalating prices fueled by remote work trends and increased migration to the Sunshine State. Dramatic Price Drops Highlight Florida’s Market Slowdown Real estate analyst Nick Gerli, CEO of Reventure, highlights the stark example of a Saint Petersburg home that epitomizes the broader market shift. Purchased by an…