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  • Analysts are revising their forecasts for this year, saying the economy likely will grow 2.2% after adjusting for inflation, up from a previous estimate of 1.3%.
  • Homebuyers say energy-efficient features are home “must-haves” because they save money, improve resale value and help people lead healthier lives.
  • Among states, Florida had the highest percentage of decline (9.21%) in rent prices year-over-year in 2023, but monthly rent remains higher than the nation’s average.
  • Gov. DeSantis: $5.3M through the Rural Infrastructure Fund will strengthen public infrastructure; $1M through the Florida Disaster Fund will help with home repair.
  • Remind clients who recently bought a primary home in Florida not to miss the Homestead Exemption filing deadline of March 1 – it could cost them thousands of dollars.
  • As a new member benefit, Realtors and their clients get free access to Curbio’s “Build Your Own” estimate app, which offers free repair estimates for home inspections.
  • FAU experts: Higher interest rates and less demand for office space are concerns. Businesses and workers moving to Sunbelt states like Fla. make them less vulnerable.
  • RE Q&A: Communicate with your HOA or condo association. Most will try to address the issue with homeowners who have financial difficulties, but there are legal limits.
  • Breaking down long-term objectives into manageable increments, like monthly or quarterly production or sales targets, lets you assess and adjust plans as needed.
  • Sales of new homes rose nationally in 2023 for the 1st time in 2 years, up 4.2% from the previous year. However, fluctuating mortgage rates remain a wild card.
  • While easing, for-sale inventory remains tight in Florida and across the U.S. Buyers have to stay persistent and manage frustration levels during their home search.
  • The HUD survey in 2023 found that, among U.S. states, Florida had the fourth-most homeless people, at 31,000 people – a count that rose 18% from 2022.
  • Freddie Mac economist: Strong economic and inflation data “caused the market to re-evaluate the path of monetary policy, leading to higher mortgage rates.”
  • Florida Realtors: Fla.’s single-family median price up 3.8% ($405K), condo median up 3.2% ($320K). New listings and inventory levels up in both property categories.