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When the government shut down, so did the federal flood insurance program, forcing some buyers into the costly private market.
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It has been very profitable to own a South Florida home over the past 15-plus years. Long-term homeowners here are sitting on a mountain of profits, but if they sell, they also likely face a hefty tax bill. And that could be making the housing market more unaffordable for younger buyers.
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Gigi Coloma says she relied on Instagram to drum up most of her business. Then she was locked out of her account for almost three months for a "horrible accusation" — the platform said it was investigating her for “child sexual exploitation, abuse and nudity" following a selfie posted by her young niece for her birthday. She's still waiting for an apology.
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Median condo prices in Broward and Palm Beach counties fell to their lowest level in several years in August. Single family home median prices were stable as fewer homes were on the market.
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According to recent reports from the property data curator ATTOM, Florida, ranked third in state foreclosure filing rates, behind Nevada and South Carolina.
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Fort Lauderdale's second city reputation to Miami may be changing as jobs and residents move to the area, fueling significant economic growth for the neighborhood. But can it last?
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Less than 58% of Miami metro area households are homeowners, the report found. Los Angeles had the lowest percentage at 46.4%, followed by New York (49.4%) and San Diego (51.7%).
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Low vacancy rates and rising rents are driving developers to embrace office space projects in Coconut Grove.
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There are no star maps on Palm Beach, and many of its biggest estates are hidden behind elaborate landscaping. To learn what belongs to whom, and how much it cost, a guide is needed, and Dana Koch, who has been selling real estate here for 22 years, knows the area cold.
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On "The Florida Roundup," journalists across the Sunshine State speak about the slowdown of home and condo sales and whether another housing crash could be on our horizon.
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South Florida commercial real estate has weathered a storm that has wreaked havoc in San Francisco, Chicago and New York. But uncertainty stemming from presidential policies — immigration enforcement, trade wars and interest rate unpredictability — is changing market conditions and creating worrying side-effects.
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Agents have typically taken a commission on the sale of a home that totals 5% to 6% of the price. But new rules have created an opening for brokers who charge much less.