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  • BREAKING NEWS

LIVE RADAR: Rain ramps up along Florida’s Atlantic coast

All of Central Florida will see cloudy skies by Sunday afternoon, but the highest chances for washout potential reside closer to the Atlantic coast.

2 rip current statements in effect for Coastal Flagler and Coastal Volusia Regions

See the complete list

BREAKING NEWS

LIVE RADAR: Rain ramps up along Florida’s Atlantic coast

2 rip current statements in effect for Coastal Flagler and Coastal Volusia Regions

REAL ESTATE


2 days ago

Mount Dora residents criticize Wolf Branch plan, says original mission is lost

Mount Dora residents are concerned a proposed development inside the Wolf Branch Innovation District doesn’t match what was originally planned.

Have an affordable housing idea? Seminole County seeking public input

With approximately $3 million in federal funding administered through the HUD Home American Rescue Plan Act, the county is now asking for the public’s input on best to use the money locally.

Riviera Beach Councilman Doug Lawson established generational wealth from a fresh start in the US

This week on “Black Men Sundays,” host Corie Murray interviews Riviera Beach Councilman Doug Lawson

Florida property insurance sticker shock? Changes to consider in 2023

The property insurance market was a dire field for homeowners in 2022, and 2023 may not look much better.

Take a tour of Derek Jeter's unique lake-side castle that has been on the market for 4 years and is headed to auction

The castle was listed for $15 million but couldn't find any takers. Now it is to be auctioned with the opening bid at less than half that.

news.yahoo.com
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When should you make a home insurance claim?

Living in Florida, there is a pretty big chance that a hurricane or tropical storm could do some serious damage to your home.

A millionaire who thrifts? Timothy Jernigan shares 7-year path to 7-figure savings account

This week on “Black Men Sundays,” host Corie Murray interviews Timothy Jernigan.

Trying to find your first house in time for the holidays? 5 tips for new homebuyers

With December here, there is no better holiday gift to pursue than your first home.

Florida couple loses about $18K in business email compromise scheme

Americans have lost billions of dollars to cyber thieves spoofing email addresses to appear as if they were sent from legitimate title companies.

This Florida ZIP code is among the top 10 most expensive in the US

An island near Miami boasts a median list price of $6.1 million.

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How has hurricane damage affected home repair businesses?

How backlogged are window companies? When should you file an insurance claim?

🏡Simmering down: These Florida cities among hot housing markets starting to cool

If you've wanted to buy a home but have been priced out of the housing market, the pendulum between a seller's and a buyer's market may be swinging in your favor.

🏘️Florida is No. 11 of least affordable state for renters

Today, a renter in the U.S. needs to make $25.82 an hour, up from $24.90 last year, in order to afford rent for a modest two-bedroom apartment, according to the NLIHC.

🏠8 Florida cities are selling homes the slowest right now

Slowing home sales can be a sign that a given market is more buyer-friendly. It can also signal a mismatch between prospective homebuyers' purchasing power and market conditions.

Does Jeezy Own Half Of Atlanta? — 'I Don’t Buy Chains, Watches, Cars ... None Of That. I Buy Property'

No matter what time of year, it’s always snowing when Jeezy is around.

news.yahoo.com

What will PITI payments look like in near future?

Will there be relief forthcoming for homeowners when it comes to PITI payments?

🏠This is where homes are selling the fastest right now

Homes have spent fewer and fewer days on the market over the last five years.

Residents frustrated over continued growth in Osceola County

Osceola County commissioners got a look at the long backups residents in St. Cloud have to deal with every morning on Nolte Road and Old Canoe Creek Road just before the Florida’s Turnpike entrance ramp.

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What impact do hurricanes have on real estate deals?

Have showings slowed down? Are scheduled closings being delayed?

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Is there still money to be made investing in real estate?

Is real estate still a good option to invest in, or is that going down like the stock market?

🏠Cities with the most expensive homes in Florida

The most expensive city on the list has a typical home value of $8,453,650 which is 1,985% higher than the state average of $405,489.

🏠Here’s where Florida ranks among states with most reported rental scams

In a rental scam, someone misrepresents themselves as a property owner or tenant, or lies about the availability and terms of a real property. It's more common than you might think.

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What are differences between selling, buying commercial and residential real estate?

Many people might know what the process is like when buying residential real estate properties, but they might not know what it’s like to purchase commercial real estate.

🏠Florida is among the 12 least affordable states for renters. Here’s where it ranks

Today, a renter in the U.S. needs to make $25.82 an hour, up from $24.90 last year, in order to afford rent for a modest two-bedroom apartment, according to the NLIHC.

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What is current status of Florida’s real estate market?

Area real estate experts join the show to break down what's going on in the Florida real estate market.

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What are ways you can add value to your home?

Homes are considered a good investment in general, but they become even better when putting some new touches on them that add to the value in the long run.

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Is Florida immune to national trends in real estate market?

Is it different in Florida? Is the market stronger here than elsewhere around the country?

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How big of a problem are rental scams?

Scams have led to people — more commonly known as squatters — inhabiting residences they don’t legally rent or own, even if they think they have found a residence properly and aren’t doing anything wrong.

🏠Cities with the most expensive homes in Florida

The most expensive city on the list has a typical home value of $8,321,638 which is 1,966% higher than the state average of $402,837.

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How hard is it for foreign residents to buy property in Florida?

On this latest episode of “You Have Real Estate with Justin Clark,” area realtors and experts join the show to offer insight on the procedures foreigners have to undertake in order to purchase property in Florida.

An old high school gym turned into a home? You’ll have to see listing to believe it

One portion of the house has the original basketball court and bleachers, while another portion was renovated into elements of what typical homes have, such as a kitchen, bathroom and bedrooms.

Metro Orlando’s median home price falls for first time in 6 months

The median home price in Orlando fell for the first time in six months and the inventory of homes for sale jumped again, according to the latest report from the Orlando Regional Realtor Association.

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How big of a problem is wire fraud in real estate transactions?

One issue that is common is wire fraud when it comes to how money is transferred.

🏠Here’s where Orlando ranks among U.S. cities with fastest selling homes

Homes have spent fewer and fewer days on the market over the last five years.

Will there be a crash in the real estate market?

With higher interest rates and a lack of inventory still out there for potential homebuyers, many are worried that a crash in the real estate market is looming.

Are interest rates still historically low?

With interest rates skyrocketing in recent months, that has caused a lot of hesitation for potential home buyers who could be feeling like they are now priced out of the market.

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Why the real estate market might be ‘normalizing’

On this latest episode of “You Have Real Estate with Justin Clark,” four area realtors join the show to lend their expertise on the current market conditions.

Programs offer solutions to rising Central Florida rent prices

As Central Florida rent prices soar above the rate of inflation, some tenants are searching for a solution to renewal notice sticker shock.

Cities with most expensive homes in Orlando metro area

Data for each city show the monthly typical home value since January 2018.

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Is investing in land a good idea right now?

Real estate experts in Florida weigh in on whether it’s a worthy investment to purchase land, and assess the overall real estate climate at the moment.

Is real estate a good investment with higher inflation?

Experts say real estate investments can still be a good hedge against inflation.

Planned Orlando district would bring apartments, shops to Rosemont; residents fighting it

Despite Central Florida’s booming population, a billion-dollar development proposed for an Orlando community is facing backlash.

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How do you find open houses?

Finding open houses can be a harder process than people think, but there are ways it can be done.

The MOST expensive homes for sale in every US state - from a $3 million house in Nebraska to a $225 million megamansion in California

Look through photos of the most expensive homes listed for sale in the US. From acres of farmland to beachfront views, the amenities are endless.

news.yahoo.com
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Is the real estate market in Florida following a national trend?

On this latest episode of “You Have Real Estate with Justin Clark,” Florida realtors Brittany Gercken and Jamie Mason offer insight on the current market and why it’s still a good time to buy despite rising rates inflation.

Orlando sets real estate records in May for home prices, inventory increases, report shows

Homes hit the Orlando real estate market in May faster than they ever have before, and what they sold for rose the median home price by almost 3% in the area, according to data compiled by the Orlando Regional REALTOR Association.

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Breaking down the latest trends in homeowners insurance costs, rental properties

Why have there been more insurance claims of late? And what do you need to know about renting out a property?

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Will rising mortgage rates shift the real estate market for buyers?

On the latest episode of “You Have Real Estate with Justin Clark,” Orlando-area realtor Jack Luiz and tax accountant Brian Fay join Clark to discuss the latest trends in the industry.

Are rising interest rates going to affect the housing market?

A year ago, interest rates were so low that records were being broken left and right in Orlando, but is that still going to happen now that they are suddenly climbing?

Working from home played part in home price jump, new study says

The "great reshuffling" has been a huge reason why home prices have been skyrocketing.

House-hacking: How some Central Florida millennials are affording the American Dream

As home prices and mortgage rates climb, some folks wanting to buy their first home are having to get creative. News 6 investigator Merris Badcock spoke to Orlando homeowners who figured out how to buy their first homes making less than $50,000 dollars a year.

Study finds Florida has high home vacancy rates. Here’s why

Even with home prices skyrocketing and low inventory, a recent Lending Tree study found Florida is one of the top states with the highest vacancy rates. While realtors and economists said this may seem shocking, knowing that information can help homebuyers make better decisions.

Managing a teardown to build a dream house

The lot configuration made it impossible for the couple to get the main suite, living area and laundry on the same floor in the original home. So, a teardown was needed.

washingtonpost.com
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Why higher mortgage rates still shouldn’t dissuade buyers from looking for a home

Rates have jumped from just under 3% at this time last year to more than 5% at the moment, adding yet another wrinkle to a predominantly seller’s market.

Christina Hall's new $12 million mansion in Newport Beach has a home theater and pool. Take a look inside.

"Flip or Flop" star Christina Hall married her husband Josh in April. The newlyweds bought a $12 million home about a month later.

news.yahoo.com

Business park sale fetches highest price tag ever in Orlando office market

ORLANDO, Fla. — Editor’s note: This story is available as a result of a content partnership between WFTV and the Orlando Business Journal. A 10-building office park in southwest Orlando has notched a record sales price for Central Florida’s office market. The sale hasn’t yet hit public records, however, it works out to about $252 per square foot. Cushman & Wakefield PLC’s Mike Davis, Rick Colon, Rick Brugge and Dominic Montazemi, with support from Zach Eicholtz, Brooke Tulley and Ryan Jenkins represented the seller in the deal, the release said. Click here to read Anjali Fluker’s story on the Orlando Business Journal’s website.

wftv.com

Ex-Magic player Victor Oladipo’s Orlando home (complete with massive sneaker closet) just sold

Victor Oladipo's house is a much more permanent fixture in Orlando than the ex-Magic player himself. Though the sale price is currently unknown, it was listed via Mainframe Real Estate for $1.8 million. If you can stop drooling at the storage, the house also features a pool, a movie theater and a putting green in the backyard. The home was listed by Jea Lanza & KeAusha Jordan of Mainframe Real Estate. Photos via Mainframe Real Estate.

photos.orlandoweekly.com

Rent prices are soaring as Americans flock back to cities

Large rent increases and bidding wars on rentals are the new norm in some parts of America as re-opening comes with big price hikes.

washingtonpost.com

Mortgage refinances rebound as rates drop temporarily to lowest level in a month

After three straight weeks of declines, mortgage demand came crawling back, thanks to a drop in interest rates.

cnbc.com

Eola Wine Company to open space in planned Edgewood food hall

Thornton Park's Eola Wine Company is expanding, opening a new wine bar inside the planned food hall/grocery store/beer garden on S. Orange Avenue, Holden Hub....

orlandoweekly.com

See ‘Bridgerton’ writer’s longtime California home with yurt, huge bedroom listed at $4M

Oliver Goldstick (”Pretty Little Liars”) can walk to the television studios.

news.yahoo.com

See ‘Bridgerton’ writer’s longtime California home with yurt, huge bedroom listed at $4M

Oliver Goldstick (”Pretty Little Liars”) can walk to the television studios.

news.yahoo.com

See ‘Bridgerton’ writer’s longtime California home with yurt, huge bedroom listed at $4M

Oliver Goldstick (”Pretty Little Liars”) can walk to the television studios.

news.yahoo.com

Bing Crosby’s former estate with 'secret room' hits the market for $13.75 million — take a look inside

The Northern California home that movie star Bing Crosby once lived in hits the market for $13.75 millionThe 3 acre Northern California estate where "White Christmas" crooner Bing Crosby and his family once lived has just hit the market for $13.75 million. Living room Dennis Mayer | OMARSHALL Real EstateOne of the walls in the ballroom has a secret door that blends in into the wood paneling. Dennis Mayer | OMARSHALL Real Estate"Visitors are surprised to find such a secret alcove where one can enjoy scotch in private," Oliva said. Dining room Dennis Mayer | OMARSHALL Real EstateSteps away is the home's formal dining room, which opens to a terrace and lawn. Bathroom Dennis Mayer / OMARSHALL Real EstateIt has two full bathrooms, a walk-in closet and windows that overlook the gardens.

cnbc.com

Coronavirus pandemic fuels affordability crisis for homebuyers

Fierce competition for a limited supply of homes for sale has caused a surge in prices. Now, potential buyers, some fleeing urban areas hit hard by the coronavirus pandemic, are facing a national affordability crisis. Home prices are rising faster than incomes there, but for now at least, homes are still affordable. As homebuying becomes less affordable, buyers are getting by with a little help from friends and family. About 59% of millennial homebuyers are receiving help with their mortgage down payment according to a recent report from Lending Tree.

cnbc.com

Heres how the coronavirus is affecting Central Floridas real estate market

ORLANDO, Fla. Like pretty much every industry, the latest numbers show the real estate market is not immune to the coronavirus. The pandemic kind of caught up to us a little bit, Orlando Regional Realtor Association President Reese Stewart said. The overall median price of all types of Orlando homes sold in April 2020 was $263,750, a 12.2% increase from the April 2019 median price of $235,000 and 4.0% above the March 2020 median price of $253,500. Stewart told News 6 the number of homes up for sale did drop 3% compared to a year ago. Chris Creegan, the owner of Creegan Property Group, shifted his real estate business because of the pandemic, utilizing virtual walk-throughs and a personal touch in the era of COVID-19.

MoneyWatch: It's getting more expensive to be a renter

MoneyWatch: It's getting more expensive to be a renter Real Estate firm Zillow says monthly rental prices climbed 3.3% in December from the year before. And, Turbo-Tax is offering some customers a $25 rebate. Jill Wagner reports.

cbsnews.com
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