Fri Aug 2, 2024 by Roy Oppenheim on News
The Federal Reserve’s recent announcement of a likely interest rate cut has stirred up the South Florida real estate market. Why? Typically, as the Federal Reserve lowers its interest rate, mortgage rates generally fall as well. Consequently, lower mortgage rates would inevitably increase homeowners’ listings and mortgage applications. With more homeowners listing their homes, the housing supply will alleviate the […]
Mon Jul 8, 2024 by Roy Oppenheim on News
As we discussed in previous blogs, new laws affecting Florida condominium ownership were presented in the aftermath of the horrific 2021 Surfside, Florida tragedy. Ultimately, the Florida State Legislature in 2022 failed to agree of a package of safety reforms which would have required inspections of older buildings, mandated monetary reserves for condominium associations, and provided public transparency for maintenance […]
Mon Jun 24, 2024 by Roy Oppenheim on News
As many of you may have been reading, the Florida Supreme Court recently issued a major overhaul of the Rules of Civil Procedure, effective January 1, 2025 by issuing two separate per curium opinions which introduce substantial changes to the Florida Rules of Civil Procedure, SC2023-0962 and SC2024-0662. These changes are meant to streamline case management, encourage cooperation among parties, […]
Fri May 10, 2024 by Roy Oppenheim on News
With mortgage interest rates still hovering above 7% on a 30-year fixed loan, many home buyers are seeking financing alternatives. One such option is assumable mortgages which are low-rate mortgages that home buyers take over from sellers. While popular in the 1980s when mortgage rates climbed to 18%, assumable mortgages are making a comeback. Where can one find an assumable […]