Post-Irma, Florida Sees a Shortage of Insurance Adjusters

In the wake of Hurricane Irma, many South Floridians are feeling frustrated by the slow progress on their hurricane damage insurance claims and repairs due to a shortage of insurance adjusters and construction workers. After Hurricane Harvey,…

Lower Deposit Requirements for New Condos in South Florida

Buyers who would normally have difficult coming up with a 50 percent deposit for a new condominium can now take advantage of lower deposit requirements at three new developments in South Florida. According to The Daily Business Review, three…

Trump Overrules Line of Succession at the CFPB

Leandra English, the deputy director of the Consumer Financial Protection Bureau, has filed a complaint against President Donald Trump for appointing Mick Mulvaney as the acting director of the Bureau. English claims that the appointment of…

What Do the Top South Florida Residential Brokerages Have in Common?

The Real Deal recently crunched some numbers to determine the top residential brokerages in South Florida. In addition to calculating each brokerage’s most recent annual total sales volume of single-family homes, townhomes, and condos (new…

Low Housing Supply Contributes to Housing Price Increases

This past August, the Federal Housing Finance Agency said that a “tight inventory” of homes was a primary contributor to the 1.6% increase in single-family home prices in the second quarter and the 6.6% increase year-over-year. The FHFA’s…

Luxury Assisted Living on the Rise in Manhattan

The population of octogenarians in the U.S. is set to double in the next decade, which also means the population of people with Alzheimer’s and dementia will sharply rise. However, in Manhattan, there have been no new assisted living facilities…

Fed Rates Are Up – Where Do Consumers Feel It Most?

After the 2009 financial crisis in the US, interest rates plummeted, and they’ve only recently started to rise again. Starting in December 2015, the Federal Reserve began to raise the funds rate, and the Federal Open Market Committee has voted…

Demand for Multifamily Housing is High in Miami – But So Is the Cost

A new report by the National Multifamily Housing Council and the National Apartment Association has ranked Miami third on its list of cities with the highest estimated demand over the next decade for new apartment buildings with 5 or more units.…

CFPB Faces Challenges in Collecting Data on Small Business Loans

The Consumer Financial Protection Bureau (CFPB) released a statement in May requesting information about the collection of data on small business loans. The Bureau’s request states that the Equal Credit Opportunity Act (part of the Dodd-Frank…

South Florida Sees Record Multifamily Sales for Second Year in a Row

South Florida multi-family property sales increased to over $3.6 billion in 2016, which tops the record of $3.3 billion set in 2015. Strong fundamentals prevail, and growth is expected to continue. As the region’s population continues to…