Passage of a vacation rental reform bill in Florida sparks uncertainty over its fate.Bill grants state more control over vacation rentals, aiming to curb disruptive party houses.

Prospective homebuyers can expect 30-year fixed mortgage rates above 7%, but experts predict a slow decline to around 6.40% by the end of the year. Factors like inflation and Federal Reserve policies influence rates. To secure a competitive rate, compare lenders, understand mortgage options, and improve your financial profile. Refinancing can be beneficial, but consider…

CSU predicts 23 named storms for 2024, triggering concerns about increased insurance risk.Insurance companies may raise premiums to cover potential losses, reflecting the global reinsurance market's reassessment.

Florida's 2024 housing market: – ↑ Median prices – ↑ Listings – ↑ Inventory Florida Early-Q1 saw: – Closed sales: ↑ 0.6% yearly – Prices: ↑ 3.8% yearly

The cost of supplies for renovations has ↓. There is a shortage of construction workers, so it is recommended to plan renovations for the off-season.

The housing market has been affected by a "lock-in effect" in recent years due to rising mortgage rates, causing homeowners to stay put. However, data suggests that this effect is easing up, with new listings and active listings increasing. This could indicate a softening of the market and a normalization of inventory levels. Continue to…