Latest news with #RealEstateNews
Yahoo
20 hours ago
- Business
- Yahoo
California Regional MLS Offers Complementary Real Estate News Subscriptions to All Users
The digital publication is included as part of CRMLS's core product offerings CHINO HILLS, Calif., June 9, 2025 /PRNewswire/ -- California Regional MLS (CRMLS), the most recognized multiple listing service in the nation, will now offer its users digital subscriptions to Real Estate News, the impartial and solutions-oriented industry news source. This new service was announced today at Thrive Broker Summit. As industry news develops rapidly, it's more important than ever to cut through the noise and spin to understand what's really happening in real estate. Real Estate News has a proven track record of offering insightful journalism, and CRMLS users now have access to valuable information to help them navigate their business and assist clients. "Quality reporting is invaluable to agents and brokers who have to keep ahead of an always-shifting market," said CRMLS CEO Art Carter. "Real Estate News is diligent and perceptive when it comes to laying out the who, what, and why of our industry, so offering that great content to our users cost-free feels like a great step towards more informed professionals." "We're excited that CRMLS is giving its members free access to Real Estate News," said Mitch Robinson, President of Real Estate News. "It's a great way to make sure more real estate professionals stay informed with trusted, timely reporting on the topics that matter most." CRMLS users can claim their subscriptions through their REcore dashboard. About California Regional Multiple Listing Service (CRMLS) California Regional MLS is the nation's most recognized subscriber-based MLS, dedicated to servicing more than 100,000 real estate professionals from dozens of Associations, Boards, and MLS organizations. CRMLS is the industry powerhouse and thrives on providing the most relevant products and services to its subscribers. For more information on CRMLS, visit About Real Estate News The vision for Real Estate News is simple: To be the impartial and solutions-oriented news source for you, the residential real estate community. This means empowering agents, brokers, executives and other leaders with the information you need to keep moving forward in your business and career. It also means presenting news in the right context so you can digest it quickly and meaningfully. will strive to deliver stories that are authentic, journalistically sound and worth your time. Media contact: Art Carter, art@ View original content to download multimedia: SOURCE California Regional MLS Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Miami Herald
19-05-2025
- Business
- Miami Herald
Why are we miserable in Miami? We pay high rent and our homes can be hot
Real Estate News Why are we miserable in Miami? We pay high rent and our homes can be hot Miami residents struggle as rising rents make it the most cost-burdened metro area in the U.S., with many people spending half their income on housing. New laws and strict mortgage requirements, like Fannie Mae's growing condo blacklist, have made it harder to buy, sell, or repair homes, leaving both renters and owners with few good options. Extreme heat only adds to the hardship, with some families unable to afford to run or fix their air conditioning even as temperatures inside their homes exceed those outdoors. Families often cut food, medicine, or car repairs just to cover rent or rising energy bills. Take a look at what can make housing a challenge in South Florida. Stephania Germain, 24, who is on a Section 8 housing voucher, poses inside her apartment that she lives in with her daughter on Thursday, Oct. 3, 2024, in Miami. Germain was raised in foster care and is doing the best she can for herself and her baby. She says that even with the voucher, with recent increases it makes paying rent tough. 'It just keeps going up and I don't get a break to save, and I need new baby clothes, ya know they grow out of them so fast,' said Germain. By Alie Skowronski NO. 1: MIAMIANS ARE THE MOST RENT-BURDENED PEOPLE IN AMERICA — AND THEY'RE STRESSED ABOUT IT New Census Bureau data shows that Miamians spend a larger chunk of their incomes on housing than residents in all other major American cities. | Published October 8, 2024 | Read Full Story by Max Klaver Recently installed air-conditioning units at 2840-2842 NW 10th Avenue in Miami, Florida. Federal housing doesn't require air-conditioning, but Miami-Dade County is funding new A/C units for hundreds of public housing apartments. By Jose A. Iglesias NO. 2: ON SWELTERING MIAMI SUMMER DAYS, IT CAN BE HOTTER INSIDE HOMES THAN OUT, STUDY FINDS 'Everyone in Miami has AC. The question is does it work and can you afford to use it?' | Published March 21, 2025 | Read Full Story by Alex Harris Condos line the Intracoastal Waterway in Sunny Isles Beach. By MATIAS J. OCNER NO. 3: 'PERFECT STORM.' HUNDREDS OF SOUTH FLORIDA CONDOS NOW ON SECRET MORTGAGE BLACKLIST The number of Miami-Dade, Broward and Palm Beach condos on the list has more than doubled in just two years. | Published April 4, 2025 | Read Full Story by Andres Viglucci The summary above was drafted with the help of AI tools and edited by journalists in our News division. All stories listed were reported, written and edited by McClatchy journalists.
Miami Herald
13-05-2025
- Business
- Miami Herald
See these five housing makeovers in South Florida
Real Estate News See these five housing makeovers in South Florida South Florida's housing landscape is rapidly evolving, with several ambitious makeovers aiming to address affordability and urban growth. In Miami's Health District, plans for two new residential towers will prioritize affordable and workforce housing for healthcare employees, helping ease the burden of living near vital jobs. Hollywood's downtown sees a mix of luxury projects like Soleste Hollywood Blvd and the redevelopment of the Hollywood Bread Building, while efforts like University Station try to bridge the residential income gap. Fort Lauderdale's The Era targets local workers, offering upscale amenities at lower rents thanks to city-county partnerships and incentives. In Miami's Little River-Little Haiti, an enlarged $3 billion redevelopment promises thousands of affordable and workforce condos and rental units, improved infrastructure, and careful relocation plans for current residents, reshaping the neighborhood with jobs and transit access. Soleste Hollywood Blvd at 2001 Hollywood Blvd is pictured hovering among existing buildings on Sunday, Sept. 15, 2024, in Hollywood, Florida, as the city shores up its housing needs with development in its downtown area in an attempt to address the city's affordable housing needs. By Carl Juste NO. 1: EVEN AS HOLLYWOOD BUILDS MORE APARTMENTS DOWNTOWN, AFFORDABILITY REMAINS A CONCERN A look at what is coming and why it might not be enough to ease housing pressure | Published October 4, 2024 | Read Full Story by Raisa Habersham View from Red Road side of the 25 year old Shops at Sunset Place in South Miami on Sept. 11, 2024. By Pedro Portal NO. 2: SUNSET PLACE MALL WILL BE DEMOLISHED AND REPLACED. TAKE A LOOK AT WHAT'S COMING NEXT Work on the site is expected to begin in 2026. | Published October 29, 2024 | Read Full Story by Rebecca San Juan An aerial view of Jackson Medical Towers, at 1500 NW 12th Avenue in Miami, Florida on Jan. 2, 2025. The Public Health Trust of Jackson Health System has approved a deal with Related Urban to demolish two existing towers, known as Jackson Medical Towers, and construct affordable workforce housing and an extended stay hotel. By AL DIAZ NO. 3: CAN THESE TOWERS HELP AN AFFORDABLE HOUSING CRISIS IN MIAMI? TAKE A LOOK AT THE PLANS The complex includes hundreds of rentals and a hotel. | Published January 10, 2025 | Read Full Story by Michelle Marchante Rebecca San Juan Renderings from the Swerdlow Group show a Main Street-style commercial and residential district and the entrance to a new Tri-Rail commuter station that would be built under a massive proposal that aims to transform a broad swath of Miami's Little River-Little Haiti neighborhood. NO. 4: NOW WITH MORE AFFORDABLE HOUSING, MASSIVE MAKEOVER PLAN FOR LITTLE RIVER WINS APPROVAL 'Everyone for 20 blocks in every direction is going to gain a lot from this. It's going to be very good for everybody,' the developer says. | Published March 28, 2025 | Read Full Story by Andres Viglucci The Era, Affiliated Development's latest project, is currently under construction in Fort Lauderdale. The apartment building is meant to help address the area's lack of affordable workforce housing. NO. 5: NEW FORT LAUDERDALE APARTMENT WILL OFFER 'LUXURY' AFFORDABLE HOUSING TO CITY'S WORKFORCE The ongoing development efforts come as an affordable housing crisis continues embroiling South Florida, where residents are the most rent-burdened people in the country. | Published March 25, 2025 | Read Full Story by Amanda Rosa The summary above was drafted with the help of AI tools and edited by journalists in our News division. All stories listed were reported, written and edited by McClatchy journalists.
Miami Herald
06-05-2025
- Business
- Miami Herald
Here's some expert guidance for condos on Fannie Mae's mortgage blacklist
Real Estate News Here's some expert guidance for condos on Fannie Mae's mortgage blacklist A view of the Miami skyline off Biscayne Bay includes condos in a file photo from December 2024. pportal@ The recent article in the Miami Herald reporting that the number of South Florida condominium buildings on the lending blacklist by the colossal government-sponsored Fannie Mae mortgage buyer and backer has more than doubled during the last two years came as no surprise to many local condo owners. Some who have been looking to buy or sell throughout the tri-county area have already become aware that their building's inclusion on the list has nixed the possibility of a conventional mortgage, and their associations have also found that they cannot secure affordable financing for needed property repairs. The article reports that the total number of Miami-Dade, Broward and Palm Beach condo buildings on the confidential database as of March was 696, which accounted for nearly half the 1,438 buildings that Fannie Mae had deemed ineligible in the entire state. The increase during the last few years has been driven by the stricter requirements for the mortgages it backs that were instituted after the 2021 collapse in Surfside. The article chronicles how banks and mortgage lenders typically adhere to the standards set by Fannie Mae, so the only option for buyers seeking financing at affected properties are non-conforming mortgages that can be significantly more expensive. To help address and respond to inclusion on the blacklist, the leading organization representing the interests of community associations recently issued new guidance for affected associations and unit owners. These new recommendations provided by the Community Associations Institute were developed with the help of highly experienced professionals, and they come on the heels of its survey of more than 700 board members, property managers and business partners. MORE: How to find if your Florida condo is on secret blacklist blocking mortgage loans The survey found that 42 percent of the respondents were not sure if their building is on the list, and 37 percent acknowledged they took steps to determine whether it was after receiving loan denials. Forty percent admitted that their condo community may have characteristics such as deferred maintenance, insufficient reserves and pending litigation that could lead to its inclusion, and 64 percent of those that were included in the list reported it was hurting sales and property values. The group's new guidance states that while access to Fannie's list of ineligible condominiums is restricted to lenders, associations can work with financing providers to request and obtain information on if and why they are included. It also says associations can collaborate with lenders to use Fannie Mae's online Condo Project Manager tool to gain more information on their status. If they learn that the reason for their ineligibility is due to insurance issues such as a deductible that exceeds 5 percent of the policy limit, no guaranteed replacement cost, or coverage based on Actual Cash Value rather than replacement cost, the guidance suggests they should work with insurance brokers to make changes to meet the corresponding standards and then submit updated policy declarations to the government-sponsored enterprise and prospective lenders. For those on the list due to structural or mechanical issues, CAI advises that they make the identified repairs an immediate priority. Doing so also entails providing Fannie and lenders with contractor invoices, before/after photos, engineer reports and a letter from a qualified inspector confirming completion. Inadequate/missing reserves or reserve studies are also common issues, for which the organization recommends conducting new studies using professional engineers that include all the required structural and mechanical elements together with a 30-year replacement schedule, as well as the current state of the association's financial condition. The association should then initiate a reserve funding plan that aligns with the findings of the study, and it should submit the updated reserve study and board resolution adopting the new funding plan to Fannie Mae. Those deemed ineligible due to pending litigation that could result in significant financial liabilities for the association should provide Fannie with a summary of the matter from the association's attorney as well as proof of insurance coverage for any ensuing legal judgments and fees. CAI's guidance concludes by stressing the importance for the boards of directors of the associations for condominiums on the list to take all the necessary corrective actions and submit the relevant and updated documents and information. Those who do so and are still unable to find relief are advised to contact their representative members in both chambers of the U.S. Congress to inform them of the situation and stress the significance of the mortgage giant's decisions and actions. Indeed, the condo-owner and board-member constituents should remind their U.S. senators and representatives that Fannie Mae was originally chartered through an act of Congress and continues to operate under a congressional charter, which states that the government-sponsored enterprise's primary purpose is to promote access to affordable mortgage financing. By taking a heavy-handed approach in applying what many consider to be overly stringent criteria for those properties that land on its lending blacklist, the now for-profit shareholder-owned corporation appears to be straying from its core mission. Congressional oversight and engagement may be necessary to ensure that its overarching goal is not lost. Eduardo J. Valdes Eduardo J. Valdes is a shareholder with the South Florida law firm of Siegfried Rivera who focuses on community association law and is based at the firm's Coral Gables office. He is a regular contributor to the firm's Newsroom blog at The firm also maintains offices in Broward and Palm Beach counties, and its 49 attorneys focus on real estate, community association, construction and insurance law. EValdes@ 305-442-3334.
Miami Herald
24-04-2025
- Business
- Miami Herald
Will these housing trends change the South Florida skyline? Take a look
Real Estate News Will these housing trends change the South Florida skyline? Take a look Rising housing costs and changing buyer demands are transforming South Florida's skyline. This list of stories outlines condo buyouts sparked by new reserve requirements, like those facing Solaris at Brickell Bay, and relentless developer interest in oceanfront property. Developers are creating upscale workforce housing like The Era in Fort Lauderdale to attract local workers, while giant projects like Upland Park aim to blend homes with transit and shopping in previously overlooked neighborhoods. Community groups, such as PACT, are pushing leaders for lasting relief from soaring rents and more affordable options, highlighting the people behind the headlines. From luxury restructurings to grassroots calls for justice, these articles trace the high-stakes forces shaping where and how South Floridians will live next. The summary above was drafted with the help of AI tools and edited by journalists in our News division. All stories below were reported, written and edited by McClatchy journalists. North Bay Village, junto a la bahía y muy cerca de la playa de Miami Beach, recibe proyectos residenciales de lujo, que aumentan precios inmobilarios. Un programa de vivienda de la ciudad ayuda a los residentes y trabajadores esenciales a comprar condos, alquilar o pagar servicios públicos atrasados. By MATIAS J. OCNER NO. 1: IS YOUR CONDO RIPE FOR A BUYOUT? SEVEN SIGNS THAT DEVELOPERS MIGHT TARGET YOUR BUILDING The Miami Herald spoke with three real estate experts who weighed in on the telltale signs a condominium is ripe for redevelopment. | Published October 4, 2024 | Read Full Story by Rebecca San Juan A rendering shows the location of Upland Park, a self-contained community of 2,000 apartments, offices, shops, a hotel and a school planned for two separate, publicly owned properties at the intersection of the Florida Turnpike and State Road 836 in Sweetwater in west Miami-Dade County. The portion at bottom right is the site of the Dolphin Station park and ride. NO. 2: CAN A BIG 'TRANSIT COMMUNITY' AT A WEST MIAMI-DADE BUS STATION EASE TRAFFIC WOES? 'It's sort of, if you build it, they will come.' | Published January 22, 2025 | Read Full Story by Andres Viglucci Condo owners Gil Hall pose next to his wife Elizabeth CZerny in their home in Solaris at Brickell Bay in Miami on Tuesday January 21st., 2025. Story: Developers are trying to buy out all the units, seemingly so Ken Griffin can redevelop the building as part of a project for Citadel's HQ in the area. By Alexia Foderé NO. 3: CONDO OWNERS NEXT TO CITADEL'S PLANNED MIAMI HQ REJECT 'CHEAPSKATE' BUYOUT OFFERS Griffin, a billionaire hedge-fund manager bringing his company headquarters to Miami, has been mum about his intentions for the Solaris condo building. | Published January 23, 2025 | Read Full Story by Aaron Leibowitz The Era, Affiliated Development's latest project, is currently under construction in Fort Lauderdale. The apartment building is meant to help address the area's lack of affordable workforce housing. NO. 4: NEW FORT LAUDERDALE APARTMENT WILL OFFER 'LUXURY' AFFORDABLE HOUSING TO CITY'S WORKFORCE The ongoing development efforts come as an affordable housing crisis continues embroiling South Florida, where residents are the most rent-burdened people in the country. | Published March 25, 2025 | Read Full Story by Amanda Rosa Attendees listen to Mayor Daniella Levine Cava make a pledge to the community during the PACT Nehemiah Action Assembly on Monday, April 7, 2025, at Sweet Home Missionary Baptist Church in Cutler Bay, Fla. By Alie Skowronski NO. 5: 'RENT IS TOO DAMN HIGH.' INTERFAITH GROUP DEMANDS ACTION FROM MIAMI-DADE LEADERS One of Miami-Dade's most politically engaged interfaith groups held their annual assembly to press elected leaders to make housing more affordable and reducing evictions in Miami-Dade County. | Published April 9, 2025 | Read Full Story by Lauren Costantino This report was produced with the help of AI tools, which summarized previous stories reported and written by McClatchy journalists. It was edited by journalists in our News division.
