So another tumultuous year has come to a close; the new year begins with new hopes and new opportunities. This time last year we wrote this:
Skyrocketing home prices and housing affordability issues, supply chain issues, eviction moratoriums, rental assistance: 2021 was a year-long roller coaster ride for property owners and renters alike again (we see you there in the background 2020)!
So, home prices are starting to revert back to some level of "normalcy" though housing affordability remains an issue; supply chain issues persist but eviction moratoriums are gone as are the assistance funds-really.
(As of December 5, the OUR Florida Program announced that it has fully obligated all available state funds and closed all rental assistance applications. Since its inception, the program has distributed more than $1.4 billion to more than 252,000 families throughout the state.)
Probably the biggest recent development came out of the most recent Florida legislative special session. Recent hurricane activity escalated the call for lawmakers to address Florida's property insurance market. The Legislature convened for a special session on insurance and disaster relief from December 12 through December 16.
During this brief session, the Legislature passed three bills which were recently signed into law by Governor DeSantis. The legislation provides disaster relief and seeks to reduce fraud, litigation, and costs in Florida's property insurance market. Read more:
Meanwhile, FPM Properties has been working hard to keep abreast of trends and dynamics and anticipated impacts.
So, we’ve been working on things we can control—like our updated website! It took longer than anticipated but we're excited about the new look and content! That should be going live this month!
We’re entering this new year with more tools to face whatever comes next. We’ve endured through quite a bit especially this last half of 2022, always with an aim to minimize any impact to you. We’re armed and ready for 2023 and ever vigilant on your behalf!
That includes expert guidance on acquiring investment property in Jacksonville and/or providing association management services to your community! Contact marketing for more details!
Here's a link to the latest news that's great to kick off a new year for owners and investor owners: Great News for Owners
Lastly, as we head into tax season make sure we have current information for you: mailing & email address and phone #. You can update it right in your portal!
Have a happy and blessed 2023!
The Team at FPM Properties
