News

News Feed

7/29/2018 9:12:14 PM

ORLANDO, Fla. – July 23, 2018 – Florida's housing market reported rising median prices, fewer days to contract and a continuing tight supply of inventory in June, according to the latest housing data released by Florida Realtors®.

"Florida is still experiencing a shortfall in for-sale homes in many local housing markets and that continues to put upward pressure on median prices," says 2018 Florida Realtors President Christine Hansen, broker-owner with Century 21 Ha...
Continue Reading...

7/29/2018 9:07:48 PM

ORLANDO, Fla. – July 24, 2018 – The homeownership rate has been increasing recently following more than 10 years of decline. According to the U.S. Census, the rate peaked in the first quarter of 2005 at 69.1 percent and then declined to a low of 62.9 percent in the second quarter of 2016. It has been creeping up since then, reaching 64.2 percent in the first quarter of this year.

This may or may not be a good thing, depending on how many of the new owners are NOHOs R...
Continue Reading...

7/24/2018 7:31:35 AM

TALLAHASSEE, Fla. – July 19, 2018 – Florida retains its ranking as one of the nation's lowest-tax states, according to the latest study released by Florida TaxWatch. Out of 50 states, Florida ranks No. 42 in the average amount of money paid by residents.

Florida TaxWatch findings


Floridians pay an average $5,679 per person in state and local taxes
Residents pay an average $2,584 in state taxes – one of the least amounts nationwide....
Continue Reading...

7/24/2018 7:28:09 AM

GREENSBORO, N.C. – Jul 19, 2018 – The number of existing homes for sale hasn't been this low since analysts started tracking the data in the early 1980s, making it a difficult market for buyers, according to the new Summer 2018 edition of The Housing and Mortgage Market Review (HaMMR), released by Arch Mortgage Insurance Company.

Below-normal levels of construction coupled with a strong job market suggest that home prices have a 95 percent chance of rising over the next...
Continue Reading...

7/19/2018 5:08:01 AM

Lucky's Market, the Colorado-based grocery store chain that graciously allows you to drink a beer while you shop, will open a new location in Lake Mary.

According to Unicorp Development, the new grocery store will move into the new Griffin Town Center, located on Longwood Lake Mary Road.

Apart from the bar inside, Lucky's focuses on fresh seafood, cheeses, a wide variety in the deli and a ton of specialty food options.

As of now there is just one open Lucky's ...
Continue Reading...

7/19/2018 12:49:37 AM

ORLANDO, Fla. – July 16, 2018 – Florida's gross domestic product topped $1 trillion Friday, an economic output that would make the Sunshine State the world's 17th largest economy if it were an independent country, the state chamber said.

The milestone has been expected. University of Central Florida economic analyst Sean Snaith said the state has been strong in all areas of employment.

"This is really being driven by fundamentals," he said. "This is not just ...
Continue Reading...

7/18/2018 11:29:57 PM

ORLANDO, Fla. (AP) – July 18, 2018 – A Florida mayor apologized Wednesday to a couple fined thousands of dollars for having their home's exterior painted to emulate Vincent van Gogh's "The Starry Night."

The Orlando Sentinel reports the Mount Dora City Council unanimously agreed Tuesday that Lubomir Jastrzebski and Nancy Nemhauser can keep the blue-and-yellow paint swirled on their walls in the style of van Gogh's masterpiece.

The settlement also requires the...
Continue Reading...

7/18/2018 11:20:53 PM

MIAMI – July 13, 2018 – Renters in expensive California markets can expect to spend more than two decades saving for a 20 percent downpayment on a median valued home, but Florida buyers can do so in about one-third the time.
Nationwide, renters can expect to spend nearly six and a half years saving for a 20 percent down payment on a home, according to a new HotPads analysis. The median home value in the U.S. is $216,000, which means a 20 percent downpayment would be $43,200. ...
Continue Reading...

7/18/2018 11:17:22 PM

IRVINE, Calif. – July 13, 2018 – ATTOM Data Solutions' Midyear 2018 U.S. Foreclosure Market Report found a total of 362,275 U.S. properties with foreclosure filings – default notices, scheduled auctions or bank repossessions – in the first six months of 2018.

That number is down 15 percent year-to-year and down 78 percent from its recession-era foreclosure peak in the first six months of 2010.

Unlike earlier years, Florida is barely mentioned in A...
Continue Reading...

7/18/2018 11:13:56 PM

FORT LAUDERDALE, Fla. – July 17, 2018 – Over half of U.S. homes are underinsured by an average of 20 percent less than full value, according to analytics firm CoreLogic.

Experts recommend conducting a serious review of how much insurance you should carry on your home and possessions, which might also reveal that you are overpaying for too much coverage.

Many higher-value homes near South Florida's coast are over-insured, for example, because consumers assume ...
Continue Reading...