Shari Francis, Realtor at Charles Rutenberg Realty Fort Lauderdale

The "Live Local Act" (SB 102) is a new law that is supposed to provide additional money for the state’s Hometown Heroes Program , widen the eligibility for programs like career-based assistance and income-based down payment assistance, and increase the maximum loans to $35,000.

DeSantis Signs ‘Live Local Act’ Into Law Gov. DeSantis signed SB 102, the broad-based pro-housing bill backed by Florida Realtors, into law on Wed. It “does so many amazing things,” says Pres. Mike McGraw.

2/2 condo for rent available now in West Lauderhill. Great Neighborhood that is close to everything (Sawgrass Mills Mall, Highways, Schools, and more). Voted Beautiful Lauderhill.

Check out this 2/2 condo located in West Lauderhill. It features beautiful views, a full-size washer/dryer, stainless steel kitchen appliances, and tile throughout. If you are interested, give me a call.

According to this article, there are more homes on the market and available for sale that in recent months, but home prices are still growing (at a slower rate year over year). If you want to sell, now is the time because the market is changing/stabilizing. While it is more expensive for buyers to buy, they are still ready and willing, but for how long? Sellers, please consider that it may take a little longer to sell because there are more options available.

Realtor.com February Housing Report: Housing Inventory Recovery Continues, Giving Buyers More Options The U.S. supply of homes for sale rose at a record annual pace for the sixth month in a row, up 67.8% year over year in February, signaling the housing market'

Accoridng to this article, Miami-Dade has a median sales price of $550,000 for a single-family home and $395,000 for a condo, according to the November market report from the Miami Association of Realtors.

Rents will continue to rise, while home sale prices will likely stabilize. Call me if you are ready to sell!

What’s in store for Miami-Dade homebuyers and renters in 2023? Experts reveal outlook Miami-Dade County’s housing market reached another stratosphere of unaffordable in 2022 — recall the historic sales prices and triple-digit rent spikes — delivering painful blows for many residents struggling to keep up amid an array of consumer price increases.

This result will vary depending on your interest rate and length if mortgage (15 year versus 30 year), but it generally is the case. And no matter what will shave time off the over all mortgage.

You could also pay an extra $100/month on your mortgage instead for the same results.

A little extra goes a long way.

Another closing in the books.

Rents are growing at a slower rate in South Florida, but are still, on average, $495 more than they should be based on the historical averages. The prices are still growing and are already not affordable for many, so a long-term solution for affordable housing is needed.
According to this article, "on average, rents have grown about 8.39% in the past six months, compared to a growth of around 16% the six months before that." Check it out.

Are rents finally slowing down in South Florida? Emerging signs point to rent growth finally starting to cool down across the region.

It's time to vote! Cast your vote in the Florida Primaries. Every vote counts. Your voice matters. By not voting, you do not have the opportunity to vocalize your opinions. Change or stay the same, your vote will make a statement.

Politicians, judges, school boards ... They all play a part in the taxes you pay, the services you have access to, and the regulations on insurance, electricity, water and other real-life matters.