Author: Florida Real Estate News
Real estate giant REMAX has reached an $8.5 million settlement in the Batton antitrust class-action lawsuit, following a similar resolution by Keller Williams Realty. The lawsuit, filed in 2021, accused REMAX, Keller Williams, Anywhere Real Estate, and the National Association of REALTORS® of conspiring to fix agent commissions and artificially inflate home prices. This agreement marks REMAX as the second defendant to settle with the plaintiffs. Key Takeaways REMAX will pay $8.5 million to resolve claims in the Batton antitrust lawsuit. The settlement follows Keller Williams Realty’s $20 million agreement in the same litigation. The lawsuit alleges collusion to fix…
Florida’s real estate market is undergoing significant regulatory changes impacting transactions, reporting, and insurance. Recent legal decisions and new rules are reshaping how properties are bought, sold, and insured, presenting both challenges and opportunities for buyers, sellers, and real estate professionals across the state. Key Takeaways A federal court has vacated the FinCEN Residential Real Estate Anti-Money Laundering rule, temporarily halting reporting requirements for cash deals. New FHFA rules now permit lenders to accept Actual Cash Value (ACV) for roof coverage on single-family homes and condos, potentially lowering premiums but increasing out-of-pocket expenses after damage. Concerns are rising about the…
Rents across Florida have surged by a staggering 39% between 2019 and 2023, a period that also saw a significant influx of one million new residents into the state. This dramatic increase in housing costs, detailed in a report by the University of Florida’s Shimberg Center for Housing Studies, is outpacing wage growth for many Floridians and contributing to a rise in homelessness. Key Takeaways Florida rents for multifamily units increased by 39% from 2019 to 2023. The state experienced an inflow of approximately 1 million households during the same period. Homelessness among families rose by 28% in the last…
Miami has once again solidified its position as the premier destination for foreign real estate investment in the United States. The city leads the nation in both the volume of transactions and the percentage of foreign buyers in residential sales, with a significant influx of capital primarily from Latin America. This trend underscores South Florida’s enduring appeal as a secure and lucrative market for international investors seeking stability and long-term value. Key Takeaways Miami leads the U.S. in foreign real estate investment, with international buyers accounting for 15% of its residential sales in 2025. Latin America is the primary source…
Rosso Development, Midtown Development, and Proper Hospitality have officially opened the sales gallery for Midtown Park Residences by Proper. This highly anticipated 28-story residential tower is a key component of Midtown’s expansive $2 billion mixed-use community, marking Proper Hospitality’s significant entry into Miami’s residential market. Key Takeaways The new sales gallery offers an immersive preview of the residences. The project emphasizes design, wellness, and cultural programming. It aims to connect Midtown, the Design District, and Wynwood. A Vision For Integrated Living The newly opened sales gallery, located at 3171 NE 1st Avenue, provides a tangible glimpse into the project’s sophisticated…
Broward County is experiencing a significant period of growth and development, marked by the opening of the expanded Broward County Convention Center and numerous real estate projects across key cities. These initiatives are poised to boost tourism, create jobs, and enhance the region’s economic landscape. Key Takeaways The Broward County Convention Center has completed a major expansion, adding 1.2 million square feet of space. Significant real estate developments are underway in Hallandale Beach, Hollywood, and Coconut Creek. These projects are projected to generate substantial economic impact and create thousands of jobs. Broward Convention Center Expansion Opens Its Doors The much-anticipated…
As traditional home prices and mortgage rates continue to deter potential buyers, manufactured housing in Florida is presenting a more accessible pathway to homeownership. A recent Realtor.com study highlights falling mobile home prices and robust inventory in the Sunshine State, offering a compelling alternative to both renting and purchasing conventional homes. Key Takeaways Mobile homes offer a significantly lower monthly housing payment, enabling buyers to build equity. Florida’s market is particularly active, with several metro areas showing a strong presence of mobile home listings. Despite recent price corrections, mobile homes with land have shown strong long-term appreciation. A More Attainable…
A Tampa-based real estate investment firm, RAD Diversified REIT Inc., and its owners, Brandon “Dutch” Mendenhall and Amy Vaughn, are currently under investigation by Florida Attorney General James Uthmeier’s Office. The probe centers on allegations of violating the state’s Deceptive and Unfair Trade Practices Act, with concerns that investor funds may not be used for property purchases as advertised. Key Takeaways RAD Diversified REIT Inc. and its owners, Brandon “Dutch” Mendenhall and Amy Vaughn, are being investigated. The investigation stems from multiple investor complaints alleging inability to retrieve returns or principal. Subpoenas have been issued, demanding documents from the company…
Legendary comedian and actress Lily Tomlin’s former Palm Springs residence is now on the market, offering a unique opportunity to own a piece of Hollywood history. This beautifully preserved mid-century modern home, known for its stylish design and desert charm, was once a personal retreat for the iconic entertainer. Key Takeaways Lily Tomlin’s former Palm Springs home is for sale. The property is a well-maintained mid-century modern residence. It features desert landscaping and a private pool. The home offers a blend of classic style and modern comfort. A Mid-Century Gem The property, nestled in the desirable Twin Palms neighborhood, embodies…
Palm Beach’s prestigious Worth Avenue has a new steward for one of its iconic shopping destinations. The Esplanade, located at 150 Worth Avenue, has been acquired by Reuben Brothers and Crown Onyx Investments. The transaction marks a significant shift in ownership for the luxury retail hub, previously held by an affiliate of O’Connor Capital Partners. Key Takeaways Reuben Brothers and Crown Onyx Investments are the new owners of The Esplanade. The property is situated at the prime location of 150 Worth Avenue in Palm Beach. The seller was an affiliate of O’Connor Capital Partners. The purchase price has not been…