Space Coast Association of REATLORS® Blogs

Be the first person to recommend this.
We are saddened to share the news of the passing of Frances Hadjilogiou, a dedicated member of the real estate community. Frances started her journey in real estate back in 1984 when she became a part of the Melbourne Association of REALTORS, which later merged to form the Space Coast Association of REALTORS. Throughout her career, Frances excelled as a broker, leaving a lasting impact on the industry. We invite you to join in commemorating Frances's life on Saturday, April 6th as we celebrate her legacy and contributions. Our thoughts and prayers are with her family and loved ones during this difficult time. Mass: Saturday, April 6, 2024 11:00 ...
0 comments
Be the first person to recommend this.
Economists: Rate Cuts Will Help Commercial Recovery Some of the progress markers that will indicate the Fed is headed to a rate cut includes commercial property price stabilization and land and single-family development. WASHINGTON – The commercial real estate market has a lot to gain if the Federal Reserve follows through on anticipated interest rate cuts this year. It was under high interest rates that the number of commercial transactions dropped by 60% in 2023 compared to 2021, National Association of Realtors® Chief Economist Lawrence Yun said Thursday at the association’s quarterly Real Estate Forecast Summit. Lower interest rates would mean ...
0 comments
Be the first person to recommend this.
Palm Shores, FL -- February 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 February 2024: Closed Sales are down -6.0% for February 2024 in which the number of units closed was 770 compared to 819 in ...
0 comments
Be the first person to recommend this.
March 15, 2024 As you’ve undoubtedly heard, NAR announced a proposed settlement in the antitrust litigation brought by home sellers related to Broker commissions. This proposed settlement is pending final court approval. As we take in the announcement from the National Association of REALTORS, your Association is here with you to further continue to provide products, services, and programs for our members to have the knowledge, skills, and tools to provide their expertise to their clients and customers through the most complex and ever-changing homebuying and home-selling process. Our REALTOR members will remain at the heart of the real estate transaction ...
0 comments
Be the first person to recommend this.
NAR Agrees to Proposed Litigation Settlement By Amy Connolly Florida Realtors President Gia Arvin said the state association “looks forward to continued opportunities for our members to provide their expertise and valued services.” ORLANDO, Fla. – The National Association of Realtors® (NAR) announced a proposed $418 million settlement agreement to the Sitzer-Burnett verdict that would end litigation of claims brought by home sellers related to broker commissions. The agreement resolves claims against NAR, more than one million NAR members, state/territorial and local Realtor® associations, all association-owned MLSs and all brokerages ...
0 comments
Be the first person to recommend this.
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 ...
0 comments
Be the first person to recommend this.
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 ...
0 comments
Be the first person to recommend this.
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 ...
0 comments
Be the first person to recommend this.
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 ...
0 comments
Be the first person to recommend this.
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 ...
0 comments
Be the first person to recommend this.
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 ...
0 comments
Be the first person to recommend this.
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 ...
0 comments
Be the first person to recommend this.
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 ...
0 comments
Be the first person to recommend this.
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, ...
0 comments
Be the first person to recommend this.
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 ...
0 comments
Be the first person to recommend this.
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 ...
0 comments
Be the first person to recommend this.
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 ...
0 comments
Be the first person to recommend this.
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 ...
0 comments
Be the first person to recommend this.
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, ...
0 comments
Be the first person to recommend this.
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 ...
0 comments