Space Coast Association of REATLORS® Blogs

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Mortgage Rate Declines for Second Week By Alex Veiga Borrowing costs for average 30-year U.S. mortgages and 15-year fixed-rate mortgages dropped Thursday to levels seen in early February. LOS ANGELES — Home loan borrowing costs fell for the second week in a row, pulling the average long-term U.S. mortgage rate to its lowest level since early February — good news for prospective home shoppers as the spring homebuying season gets underway. The average rate on a 30-year mortgage dropped to 6.74% from 6.88% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.60%. Borrowing costs on 15-year fixed-rate ...
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Florida lawmakers pass ed Senate Bill 280 last week, despite significant concerns by a variety of stakeholders, including REALTORS®. The bill fails to strike a fair balance between the rights of private property owners to rent their property on a short-term basis and the ability of local governments to regulate these rentals. Florida Realtors® is asking you to use the prepopulated email message on this page to contact Gov. DeSantis and urge him to VETO SB 280 – Vacation Rentals. Short-term rentals should be regulated, but if Gov. DeSantis signs this bill, that regulation would become a tool to discourage and limit short-term rentals throughout ...
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March 26, 2024, ShowingTime will have a new text message opt-in process that will require your attention. ShowingTime sends important updates about your listing appointments via text message. Recently these messages may not have not always reached you or your clients due to mobile carriers blocking text notifications from ShowingTime. To ensure they are taking the necessary steps to keep agents informed on listing appointments and activity, ShowingTime will have a new opt-in process to improve their text message notification system. We wanted to provide some more information around the new feature and steps for opting in, if you ...
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Hello, Commercial Real Estate Professionals covering Brevard County Florida, The EDC of Florida's Space Coast is seeking Brevard County sites, for sale or lease, designated for heavy industrial development. Please find the requirements below:   Description Requirement Detail Property Acquisition Preferred: For Sale Will consider Leasing Location Required: Brevard County Preferred: Within 25 miles of Port Canaveral Max Building Height Required: 80 Feet Zoning / Use Required: Heavy Industrial Property Size ...
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2725 Judge Fran Jamieson Way Viera FL 32940 www.brevardfl.gov Office: (321) 633-2000 FOR IMMEDIATE RELEASE 3/5/2024 1:26:13 PM South Patrick Residents Association Park Closed for Beach Renourishment Starting March 5 SATELLITE BEACH, FL. -- South Patrick Residents Association (S.P.R.A.) Park will be closed starting today, March 5, for our Flood Control and Coastal Emergencies rehabilitation project. S.P.R.A. Park is anticipated to reopen in early April, but please keep in mind that weather conditions and other unforeseen circumstances may impact construction schedules. Any questions can be ...
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Public Policy Update Hello everyone. This will be my last update for the 2024 session as next week’s update will come straight from your 2024 President, Gia Arvin, once the Florida Legislature drops the handkerchief and declares sine die. While the bulk of the good news regarding our session wins will be delivered in President Arvin’s final session report, I am excited to bring you all some very good news that happened this week regarding one of our biggest priorities this session. On Wednesday, the House took up and passed SB 328, which is the follow up bill to last year’s historic Live Local Act. This bill does a number of important things ...
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Pending Home Sales Receded 4.9% in January Key Highlights Pending home sales decreased 4.9% in January. Month over month, contract signings rose in the Northeast and West but fell in the Midwest and South. Compared to one year ago, pending home sales declined in all U.S. regions. WASHINGTON (February 29, 2024) – Pending home sales in January dropped 4.9%, according to the National Association of REALTORS®. The Northeast and West posted monthly gains in transactions while the Midwest and South recorded losses. All four U.S. regions registered year-over-year decreases. The Pending Home Sales Index (PHSI) * – a forward-looking indicator of home ...
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It is with great sadness that we announce the passing of Robert Lee Young, father of Leah Selig, the recently retired Space Coast Association of Realtors CEO, and Brenda Spivey, the Association's Member Services Coordinator. He was also the grandfather of Samantha Selig, a Board Member of the Association's Board of Directors. Robert passed away on Sunday, February 25, 2024, in Cocoa, Florida surrounded by his family. He was born on July 30, 1930, to Clay and Becky Young and was a US Air Force Veteran. Robert was preceded in death by his parents, son Robert Chief Young, and brothers Encil Young, Vanis Young, and William Whitey Young. Robert ...
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2725 Judge Fran Jamieson Way Viera, Florida 32940 www.brevardfl.gov Office: (321) 633-2000 Don Walker Communications Director (321) 690-6843 don.walker@brevardfl.gov FOR IMMEDIATE RELEASE 2/29/2024 8:26:36 AM Central Brevard Residents to Receive Notification of Smoke Testing for Sewer System BREVARD COUNTY, FL. -- Residents in Central Brevard County will begin receiving notifications this week of planned smoke testing that is targeted to begin in early March to help pinpoint potential holes, breaks or other flaws in sewer system connections and piping. Brevard County and USSI, ...
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Brevard County Fire Rescue Accepting Firefighter Sponsorship Program Applications Through March 29 BREVARD COUNTY, FL. -- Brevard County Fire Rescue (BCFR) is currently accepting applications for the Firefighter Sponsorship Program. This program provides funding for aspiring firefighters to attend Eastern Florida State College’s Emergency Medical Technician (EMT) program and take part in the Fire Training Academy. Upon completion of training, recipients enter employment with BCFR as Firefighter/EMTs. The program seeks motivated Brevard County residents that are dedicated to a fire service career with Brevard County Fire Rescue. Prospective ...
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Residents to Receive Notification of Smoke Testing for Sewer System in North Brevard BREVARD COUNTY, FL. -- Residents in Port St. John and North Brevard will be receiving notifications this week of planned smoke testing that is targeted to begin in early March to help pinpoint potential holes, breaks or other flaws in sewer system connections and piping. Brevard County and USSI, smoke testing contractor, will be sending notices beginning today, Monday, Feb. 26, to residents living in areas where smoke testing will be performed starting on Monday, March 4. Door hangers with other important facts and information related to the tests will also be ...
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Florida Realtors Disaster Relief Fund: There When You Need It Realtors helping others in times of need is what this charity is all about. Learn how to give and receive. Click Here to Give to the Disaster Relief Fund Make a donation to the Florida Realtors Disaster Relief Fund quickly and securely using this online form. DONATE ONLINE NOW ► The Florida Realtors® Disaster Relief Fund was formed as a trust in the state of Florida in August 1992, and since then it has been assisting Realtors and their employees as well as local associations and staff who experienced damage to their primary residences or offices ...
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The Homestead Exemption provides qualified applicants with a reduction in their home's taxable value up to $25,000. An application for the Homestead Exemption may be submitted any time throughout the year, but must be submitted by March 1 of the year in which the benefit will be applied. Once approved, the Homestead Exemption is automatically renewed each year as long as ownership and residence conditions remain the same for the property. Article VII, Section 6 of the Florida Constitution provides that all property owners who, as of January 1, have legal or equitable title to real estate and maintain it as their permanent residence, are entitled ...
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Residents to Receive Notification of Smoke Testing for Sewer System in North Brevard 2725 Judge Fran Jamieson Way Viera, Florida 32940 www.brevardfl.gov Office: (321) 633-2000 Don Walker Communications Director (321) 690-6843 don.walker@brevardfl.gov FOR IMMEDIATE RELEASE 2/23/2024 12:34:39 PM Residents to Receive Notification of Smoke Testing for Sewer System in North Brevard BREVARD COUNTY, FL. -- Residents in Port St. John and North Brevard will be receiving notifications of planned smoke testing that is targeted to begin in early March to help pinpoint potential holes, ...
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Public Policy Update Hello everyone. We are about three weeks away from the scheduled end of the legislative session and I’m happy to report that we had some very good news drop regarding the Business Rent Tax (BRT). On Monday, the House Ways and Means Committee filed PCB WMC5, otherwise known as the “tax package,” and passed it on a 16 – 6 vote. Contained within PCB WMC5 is another cut to the BRT that would kick in on July 1st. The cut would drop the state sales tax on commercial leases from 2% down to 1.25% for one year! Remember, the current BRT is set at 4.5%, but it is expected to drop to 2% in June based on legislation that was passed in ...
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December 2023 Commercial Real Estate Market Insights A Recap of Commercial Real Estate in 2023 In 2023, inflation and interest rates emerged as the twin pillars steering the economic landscape and, consequently, the dynamics of the commercial real estate sector. In pursuit of lower inflation, the Federal Reserve implemented multiple interest rate hikes throughout the year. One of the most direct effects of these higher interest rates was the increased cost of borrowing, affecting the profitability of new developments, the feasibility of certain projects, and the overall volume of real estate investments. ...
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RPR’s Data Partners: Your Secret Weapon in Commercial Real Estate RPR (Realtors Property Resource) offers commercial real estate practitioners a wealth of listing and property data, plus access to an array of analytical and ROI-focused tools. With over 800K listings, 57 million off-market property records, site selection tools, consumer demographic research, trade area data, traffic counts, POIs (points of interest) and more, RPR Commercial is basically a one-stop-shop for all things CRE. However, one question we hear over and over is: where does RPR get all of this commercial data and information? As an aggregator of data and resources, RPR is the ...
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Palm Shores, FL -- January 2024 Brevard County housing statistics report for Single-Family homes and Townhouses/Condos provided by Space Coast Association of REALTORS®, the voice for real estate in Brevard County. You will find monthly, quarterly, and yearly reports of Brevard County Sales, detailed by Single Family Homes and Townhouses/Condos, on our website. In addition, there are Yearly Distressed Market Summaries for both types of properties. A quick recap of the Brevard County Residential Report for January 2024: Closed Sales are down -6.4% for January 2024 in which the number of units closed was 581 compared to 621 in ...
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College Scholarships Offered by Florida Realtors Education Foundation We're here to help deserving Florida students offset the costs of college or graduate school. The Florida Realtors Education Foundation Student Scholarship Program (FREF) was founded to help deserving students offset costs for college and/or post-graduate school. Click here to Apply BEFORE NOON MARCH 6TH Here's who qualifies: Florida high school seniors who will be attending an undergraduate college or university Students currently enrolled in an undergraduate college or university Students pursuing graduate studies Those students considering a career ...
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REALTOR® Magazine NAR Challenges Sitzer/Burnett Verdict in Post-Trial Motions January 11, 2024 Legal , Fostering Consumer-Friendly Real Estate Marketplaces By: REALTOR® Magazine Staff The association says in court filings that the plaintiffs’ case was “rife with legal defects from start to finish,” leading the jury to the wrong conclusion. In post-trial motions in a U.S. district court in Kansas City, Mo., where the case was tried in October, the National Association of REALTORS® asked a federal judge Monday to enter judgment as a matter of law in NAR’s favor in the ...
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