As South Florida’s Real Estate Market Remains Hot, Lawyers Contemplate Looming Challenges via @lawdotcom
Florida Realtors lawyers spoke to 6K+ members during a June 29 webinar, saying a new law impacting some property sales to certain foreign buyers goes into effect July 1. Some details are not yet clear, but a new disclosure will appear in FR/Bar, CRSP and other contracts on Sat., July 1, and buyers must sign a new affidavit.
The U.S. Department of Justice is urging a federal judge to block a new Florida law that restricts people from China and six other countries from owning property in the state.
Realtor.com June 2023 monthly housing market trends report shows Miami-Fort Lauderdale-Pompano Beach market median listing price at $605,000
FHA Increases Large Multifamily Loans Threshold The threshold – now raised to $120M from $75M – offers greater flexibility for lenders when underwriting multifamily large loans.
Originally published at https://www.miamirealtors.com/2023/06/30/friday-june-30-south-florida-real-estate-articles/