Albert V. Medina, Esq. Real Estate Blog

Albert Medina Boca Raton   ALBERT MEDINA OF BOCA RATON: "THE LONG-AWAITED NATIONWIDE REALTY MARKET PRICE COOL-DOWN THAT FREAKY FLORIDA FURTHER FAILS TO FULLY FEEL" https://myoceanridgerealty.com/albert-medina-boca-raton-blog/ Broker-Realtor Albert Medina of Boca Raton, Florida  continues to keep his ear to the real-estate-market ground to assist his clients. Recently, there have been signs of listed property prices cooling off overall, with such asking prices decreasing nationally.  However, South Florida has not been seeing as much of this cooling as the rest of the country. In addition, reduced monthly mortgage payments have been seen in some but not all parts of Florida. So why haven't some parts of Florida seen the same level of price decreases as the rest of the nation? One reason may be the lingering strong demand for Florida real estate.  Many people, including retirees and families seeking more space and warmer climates, are still flocking to Florida.  T...

Albert Medina Boca Raton   ALBERT MEDINA OF BOCA RATON: "GOOD NEWS FOR MANY A FRUGAL 'FLORIDA MAN' - AIRBNB BRAVELY PREPARING TO OFFER SINGLE-ROOM RENTALS NOW" https://myoceanridgerealty.com/albert-medina-boca-raton-blog/ Realtor Albert Medina of Ocean Ridge Realty Florida  has been following AirBnB's latest announcement of offering single-bedroom rentals closely.  According to a recent press release, AirBnB will soon provide a new option to rent individual rooms in shared homes. As such, AirBnB plans to start this new program in the near future but has yet to identify a timeline. Albert Medina and many other Realtors  have been closely monitoring these recent developments. Pertinently, AirBnB's plans could significantly impact Boca Raton and other nearby Southeast Florida markets. While some are cautious about these changes, others believe this could offer new opportunities for both investors and homeowners. One concern attorneys and Realtors highlight regard...

Albert Medina Boca Raton   ALBERT MEDINA OF BOCA RATON: "MOTHER NATURE ACCIDENTALLY RAINING ON YOUR PARADE AGAIN? NOT TO FEAR, F.E.M.A.'S NEW FLOOD INSURANCE PROTECTIONS ARE (ALMOST) HERE!" https://myoceanridgerealty.com/albert-medina-boca-raton-blog/ Boca Realtor Albert Medina is closely following new developments in flood insurance that could impact Florida residents.  Specifically, FEMA recently requested Congress to make 17 changes to the National Flood Insurance Program. As the owner of  Ocean Ridge Realty , Albert Medina posits these changes could bring wide-ranging Florida market impacts. The rationale behind FEMA's proposed changes is to improve the financial stability of the National Flood Insurance Program. In doing so, FEMA seeks to reduce the program's reliance on taxpayer funding. The program has been in debt since Hurricane Katrina in 2005 and has been propped up by Congress ever since. FEMA's proposals include include updating flood maps to ref...

Albert Medina Boca Raton   ALBERT MEDINA OF BOCA RATON: "OOPS...SO MUCH FOR SO-CALLED 'CITY LIFE' - THE FLORIDIAN URBAN EXODUS " https://myoceanridgerealty.com/albert-medina-boca-raton-blog/ Albert Medina, a Florida Realtor and Broker based in Boca Raton, has seen a significant trend recently.   Specifically, Albert Medina has observed that Floridians are leaving cities in droves for more affordable housing.   As such, this is just one of many population and demographic changes impacting Florida. That said, the U.S. Census Bureau reported that Florida's population grew by more than 14% from 2010 to 2020. Accordingly, Florida is now the third-fastest-growing state in the country.  Moreover, many new residents are moving to Florida from other states.  However, Florida's growth is actually being driven primarily by existing residents relocating within the state. "Many of my clients are looking to move out of urban areas like Miami and Fort Lauderdale and int...