Albert Medina Real Estate Blog

  Albert Medina Boca Raton   ALBERT MEDINA OF BOCA RATON: "FLORIDA FINALLY GIVES CREDIT WHERE IT'S (DESPERATELY) DUE: NEW CREDIT LIFE-LINES FOR CITIZENS PROPERTY INSURANCE" https://myoceanridgerealty.com/albert-medina-boca-raton-blog/ Boca Native Albert Medina , local Lawyer and Realtor at Ocean Ridge Realty, has observed new developments in Florida's insurance market. Chiefly among these is  the recent approval of new lines of credit for Citizens Property Insurance by Florida regulators . Indeed, these changes have already had a significant impact on Florida markets. As such, this situation will continue shaping trends for buyers, sellers, renters  and the realty market overall. Accordingly, these new credit lines for Citizens, Florida's insurer of last resort, came amid mounting financial pressures.  With increasing claims and rising costs, the insurance industry in Florida has been facing challenges, especially in coastal regions prone to hurricanes and natural

  Albert Medina Boca Raton     ALBERT MEDINA OF BOCA RATON: "INCREASINGLY INQUISITIVE INVESTORS AND THEIR RE-BURGEONING LOVE AFFAIR WITH THEIR LONGTIME FRIEND, FLORIDA'S REAL ESTATE MARKET" https://myoceanridgerealty.com/albert-medina-boca-raton-blog/ Local Realtor Albert Medina  knows that Florida's real estate market has long been a topic of interest for investors. The recent surge in popularity has only helped this trend. As a Boca Raton realtor and attorney, Albert V. Medina has noticed  a growing number of individuals looking to learn more about real estate investing, both in Florida and across the United States . With more investors in the markets, the impact on Florida's real estate landscape is becoming more evident. As such, Albert, who is not only a realtor but also a friend to many investors , recalls a recent conversation where a friend said, "Oops, I should have considered real estate investing in South Florida." Accordingly, this exemplifie

  Albert Medina Boca Raton     ALBERT MEDINA OF BOCA RATON: "MANIACAL METEOROLOGICAL MENACE? HOW CLIMATE CHANGE MAY RUDELY MESS AROUND WITH FLORIDA AND ITS FUTURE REAL ESTATE MARKET" https://myoceanridgerealty.com/albert-medina-boca-raton-blog/ Boca Lawyer/Realtor Albert Medina  understands the impact of climate change on the state's real estate market.  Surveys suggest that climate change is becoming a growing concern for Floridians, and its effects are already evident in the industry . The future holds potential challenges for buyers, sellers, and renters alike. The coastal regions of Florida are particularly vulnerable to rising sea levels and extreme weather events caused by climate change.  This larger risk is leading to a shift in the priorities of prospective buyers.  Previously, closeness to the beach was a significant selling point. However, with more threats of coastal floods, some buyers are more afraid to invest in these areas. Furthermore, insurance premiums

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-Attorney 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.  This conti

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 Esquire 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 highligh

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 Lawyer Albert Medina Esq.  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

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

Albert Medina Boca Raton   ALBERT MEDINA OF BOCA RATON: "STRANGE FINANCIAL BEDFELLOWS: OUR NATION'S DEBT CEILING AND ITS LOVE-HATE AFFAIR WITH OUR MORTGAGE RATES" https://myoceanridgerealty.com/albert-medina-boca-raton-blog/ As the U.S. approaches its debt ceiling limit, concerns are mounting. Specifically, these worries regard the potential impact on our economy and overall realty market. Among those sounding the alarm is  Mr. Albert Medina, a Boca Raton-based Florida Realtor and lawyer . As such, Albert Medina is accordingly concerned about how this could affect his clients. One of Albert Medina's biggest concerns is  how the debt ceiling limit could impact mortgage rates.  John Smith, a fellow Florida attorney, himself states that "If the debt ceiling limit is not raised or suspended, it could cause mortgage rates to spike, which would negatively affect not only taxpayers but also buyers and real estate investors specifically." This is particularly worryi

Albert Medina Boca Raton     ALBERT MEDINA OF BOCA RATON: "HEAR ALL THAT CRUNCHING? WELL, IT'S THE SOUND OF CREDIT CRUNCHING FOR MANY REAL ESTATE BUYERS IN FLORIDA AND NATIONALLY" https://myoceanridgerealty.com/albert-medina-boca-raton-blog/ As the real estate market heats up, buyers and sellers are turning to professionals like  Albert Medina, a Boca Raton Realtor and Florida Lawyer,  to guide them through the process of buying or selling a home.  However, there is a looming credit crunch that may affect the ease with which these transactions can take place.  This crunch is a result of current Federal Reserve rate trends, which are having an impact on mortgage buyers everywhere. The Federal Reserve has been gradually increasing interest rates in recent years in an effort to curtail inflation. This has led to higher borrowing costs for home buyers, which is making it more difficult for them to obtain financing. In turn, this is putting pressure on real estate agents as th

Albert Medina Boca Raton   ALBERT MEDINA OF BOCA RATON: "THE LONG-AWAITED UPTICK IN NEW-CONSTRUCTION HOMES THAT COULD SEND MANY SELLERS INTO CARDIAC ARREST" https://myoceanridgerealty.com/albert-medina-boca-raton-blog/ Florida Realtor Albert Medina of Boca Raton  is observing  a growing trend in the availability of new construction. As a seasoned professional with Ocean Ridge Realty, Albert Medina has seen the ebb and flow of housing inventory. However, the recent uptick in new construction homes has caught the attention of many buyers. According to the US Census Bureau, single-family new-construction-housing starts increased 2.7% in March.  Residents across the state and nationally are too observing this increase in new construction homes. As such, from cities like Miami and Orlando to quieter locations like Boca Raton, new construction projects are increasing. As a lawyer and real estate Broker, Albert Medina believes this new trend can significantly impact Florida's ma