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New Florida Law Requires Home Sellers to Disclose Property’s Flood Risk

New Florida Law Requires Home Sellers to Disclose Property’s Flood Risk

by Phil Hall | Oct 1, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new law went into effect today in Florida that requires home sellers to disclose their property’s flood risk to buyers. Central Florida Public Radio reported HB-1049 mandates that sellers inform buyers if insurance claims for flood damage had been filed on their...
Hurricane Helene Forecast to Hit Florida as Category 4 Storm

Hurricane Helene Forecast to Hit Florida as Category 4 Storm

by Phil Hall | Sep 26, 2024 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

Hurricane Helene is barreling through the Gulf of Mexico and is expected to make landfall in Florida tonight as a Category 4 storm. AccuWeather is reporting storm surges between one and three feet are expected from the Florida Keys to Mobile, Alabama, with levels...
Cardone Capital Acquires 331-Unit Multifamily Property in Fort Lauderdale

Cardone Capital Acquires 331-Unit Multifamily Property in Fort Lauderdale

by Phil Hall | Sep 26, 2024 | Current News & Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Cardone Capital, the real estate investment firm led by high-profile investor Grant Cardone, announced the all-cash acquisition of The Edge at Flagler Village, a luxury 331-unit multifamily property in Fort Lauderdale. The financial aspects of the transaction were not...
Florida Home Sales and Prices in Decline

Florida Home Sales and Prices in Decline

by Phil Hall | Sep 19, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Closed sales of existing single-family homes in Florida during August totaled 22,675, down 1.1% year-over-year, while existing condo-townhouse sales totaled 7,898, down 14.9% from one year ago, according to data from Florida Realtors. The statewide median sales price...
Florida Apartment Tower Transitions from Market Rate to Affordable Housing

Florida Apartment Tower Transitions from Market Rate to Affordable Housing

by Phil Hall | Sep 10, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A 208-unit apartment tower in Clearwater, Florida, that operated for 50 years as an affordable senior living complex before being turned into market rate housing that displaced its financially vulnerable residents is being transitioned into an affordable housing...
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