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Realestatetrends | Beach Road Realty Blog

Wednesday, May 15, 2024   /   by Richard Eimers

DESANTIS SIGNS CITIZENS INSURANCE BILL

MAY 14, 2024


Under the bill, some non-homesteaded properties could be moved from Citizens to surplus lines insurers, which do not face the same regulations as standard carriers.


TALLAHASSEE, Fla. – Gov. Ron DeSantis on Friday signed 20 bills, including a measure that could expand efforts to move policies from the state’s Citizens Property Insurance Corp. into the private market.
The measure (HB 1503), in part, affects a “depopulation” program that Citizens is using to try to shed policies after becoming the largest property insurer in Florida in recent years. Under the bill, some non-homesteaded properties could be taken out of Citizens by what are known as surplus lines carriers, which do not face the same regulations as more-typical insurers on issues such as rates.
The bill, which will take effect July 1, will require surplus lines insurers to have rates approved by the state for Citizens take-out purposes. To qualify for the Citizens depopulati ...

  beach road realty, richard eimers, eimers group, housing market, mortgage rates, property market, real estate news, real estate market, mortgagerates, real estate trends, housing market trends, homeownership, housingmarket, real estate insights, realestatetrends, real estate investment

Wednesday, May 15, 2024   /   by Richard Eimers

INVESTOR HOME PURCHASES HIT TWO-YEAR HIGH POINT

By Richard Eimers May 15, 2024

The resurgence of investors in the real estate market has marked a significant turning point, as they now account for 19% of homes sold in the first quarter of this year. This represents a notable return of investor activity, which has outpaced the involvement of individual homebuyers in recent months.
 
Key Insights from Recent Research

Investor Discounts and Market Impact: Investors often purchase residential properties at a significant discount compared to individual buyers, which varies depending on the size of the investor—from small to institutional. Notably, a 10% increase in houses purchased by investors in a specific area can lead to a 0.20% increase in house prices, suggesting a positive impact on local real estate values.
 
Investor Buying Behavior: Analysis of the UK market reveals that buy-to-let investors generally pay less than other buyers by about 0.9% to 1.1%, with even larger discounts in less liquid markets.. ...

  beach road realty, richard eimers, eimers group, housing market, mortgage rates, property market, real estate news, real estate market, mortgagerates, real estate trends, housing market trends, homeownership, housingmarket, real estate insights, homebuying, realestatetrends, economic trends

Monday, March 25, 2024   /   by Richard Eimers

NATIONAL FEBRUARY EXISTING-HOME SALES VAULTED 9.5% IMPACT LOCALLY

By Richard Eimers March 25, 2024
Subtle but still something of note, a shift of sorts is underfoot in the heart of the Emerald Coast. Word has echoed down the sun-soaked streets and the sandy beaches of Destin, Miramar Beach, Santa Rosa Beach, 30A, and Inlet Beach that existed home sales increased by 9.5% during the month of February. For the people calling these "idyllic" Florida communities home, that's more than just a statistic; it's a harbinger of change for a real estate market already filled with dynamism.
 
The Wind of Change: A Seller's Gust With the rise in national sales, the gust of wind is encouraging sellers. Homeowners have been possessing a temptation to list their property; now, they will have newfound confidence in the quaint but luxurious confines of 30A. The national surge signals a robust demand, hinting at a market ripe for sellers to capitalize on.
 
John and Sarah, a couple who own a cozy beachfront cottage in Santa Rosa Beach, are among those emb. ...

  beach road realty, richard eimers, mortgage rates, housing market, property market, real estate market, real estate news, home prices, home sales, real estate trends, mortgagerates, homeownership, housing market trends, real estate, housingmarket, real estate insights, realestatetrends, economic trends, home buying

Thursday, March 7, 2024   /   by Richard Eimers

HIT AFTER HIT: TAYLOR SWIFT’S REAL ESTATE PORTFOLIO IS TRULY GOLDEN

By Brittany Natale Mar 5, 2024

Taylor Swift is a worldwide phenomenon and a savvy businesswoman. And last year, she became a bona fide billionaire.
 
With all that cash at her disposal, Swift has also mastered the world of real estate.
 
The singer, who reached superstardom after the release of her 2006 self-titled debut album, has homebuying down to an art. Whether it’s s
napping up a waterfront Cape Cod property and flipping it for a profit or laying down roots in a historic Rhode Island neighborhood, Swift’s housing moves are seriously impressive.
 
Let’s take a look at some of the properties the Grammy winner has scooped up over the years—from a glamorous landmarked Beverly Hills abode to a downtown Manhattan compound, and more.
 
Swift grew up on a picturesque Christmas tree farm near Reading, PA, and she honored her childhood home in her 2019 song “Christmas Tree Farm.”
 
Swift’s father ...

  beach road realty, eimers group, mortgage rates, home prices, housing market, property market, real estate market, real estate news, real estate trends, homeownership, mortgagerates, real estate, housing market trends, real estate insights, homebuying, housingmarket, realestate, realestatetrends

Monday, March 4, 2024   /   by Richard Eimers

Wall Street Sees a Solid Year for Homebuilders

Sales of new homes rose nationally in 2023 for the 1st time in 2 years, up 4.2% from the previous year. However, fluctuating mortgage rates remain a wild card.

LOS ANGELES (AP) – Housing market trends are shaping up in favor of a solid 2024 for U.S. homebuilders – as long as mortgage rates don't jump back to the highs they hit late last year.
Sales of new homes rose nationally in 2023 for the first time in two years, climbing 4.2% from a year earlier, according to the Commerce Department. This bucked the trajectory of the broader housing market, which remained mired in a deep slump as sales of previously occupied U.S. homes sank roughly 19% to a nearly 30-year low.
Homebuilders were able to mitigate the impact of higher interest rates on home shoppers by lowering prices and offering incentives like paying buyers’ closing costs or buying down the rate on their mortgage. They also b ...

  beach road realty, richard eimers, eimers group, homebuilders, housingmarket, newhomes, realestatetrends, mortgagerates, homesales, millennials, jobmarket, economicoutlook, interestrates, wallstreet, housingeconomists, inflation, federalreserve, homebuildingindustry, btig, homebuilderstocks, homebuilderetf, sp500, realestatenews

Beach Road Realty
Richard Eimers
17 Roundwood Drive
Inlet Beach, FL
850-259-1798

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