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Sinkhole in northwestern Gainesville forces locals to evacuate

(11/27/2020)

A sinkhole that formed in the northwestern part of Gainesville has expanded to the point where local officials have officially declared it a problem.

The sinkhole, which is located in the backyard of 4006 NW 13th Pl, has already ingested a swimming pool and a tree, and forced several local residents to evacuate. Initial measurements estimated that the sinkhole was at least 25 feet deep and 100 feet wide, but it is said have grown substantially since then.

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Safe to accept previous buyer's inspection report?

(11/24/2020)

Sometimes a home falls out of contract. Most buyers assume that it is related to a
bad home inspection, but there are many reasons for a home to come back on
the market that are unrelated to the condition of the home. During the
contingency period, most buyers can cancel for almost any reason – or even no
reason.

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Gainesville set to welcome food truck park in early 2021

(11/13/2020)

The city of Gainesville is preparing to open its first ever permanent food truck park soon after the calendar flips to 2021.

The Midpoint Park and Eatery, located at at 931 SW Second Avenue in the city's Innovation District, is currently scheduled to open for business this coming March.

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COVID-19, low wages threaten Gainesville Affordable Housing Market

(10/28/2020)

People looking to find affordable housing in Gainesville have had an increasingly difficult time doing so over the past decade. But never before has the city's affordable housing situation faced a stumbling block like the novel coronavirus that has been wreaking havoc across the planet.

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Gainesville sees drop in volume, rise in prices of home sales

(10/05/2020)

A team of Florida realtors recently announced their sales numbers for the month of August, and the overall signs are positive.

Despite the current COVID-19 pandemic, the housing market in the state of Florida has remained fairly sturdy. Though the recent numbers in Gainesville are a bit more mixed than elsewhere in the state, this pattern has mostly held true for the Alachua County seat.

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Gainesville City Commission passes rental housing ordinance

(09/24/2020)

The city of Gainesville has passed some new legislation regarding rental housing that has citizens on both sides of the issue speaking out.

The City Commission decided last week to install an array of safety regulations and energy standards for local rental properties. The ordinance also forces landlords to pay for a permit and frequent examinations of the rental unit. The vote to pass the ordinance was unanimous, sans City Commissioner Gigi Simmons.

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Fears of potential gentrification may put East Gainesville development on hold

(09/14/2020)

The city of Gainesville has been eyeing a project to build University of Florida student housing on the east side of town, but they may be eyeing it a little longer than initially thought.

Two weeks ago, the Gainesville City Commission voted to instruct Gainesville officials to draw up a moratorium to push back development of major residential and commercial buildings. The moratorium would affect several different neighborhoods, including Pleasant Street, Porters and Duval. The specific length of the moratorium was not finalized in the vote.

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Hotel Eleo opens in Gainesville, right next to Shands

(08/11/2020)

Hotel Eleo at the University of Florida has opened for business.

Located adjacent to UF Health Shands Hospital, the $32 million structure opened its doors last month after requiring 20 months of construction. The hotel consists of 173 rooms, and at present, rates appear to range from $120 to $200 per night. Guests must valet park for $15 per day.

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Swamp Restaurant closes in Gainesville- but not forever

(08/05/2020)

The Gainesville retail landscape is rapidly changing due to a combination of mass development and the novel coronavirus. Now, a business named after the city's most famous landmark has closed its doors- at least for the time being.

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R.E.I. outdoor store set to open in Gainesville

(07/21/2020)

Slowly but surely, life continues to return closer and closer to normal in Gainesville. The latest such sign: as local businesses begin to reopen their doors, a national chain has announced that it is mere days away from joining the Gainesville retail scene.

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Florida Museum of Natural History (mostly) re-opens for business

(07/06/2020)

After taking thorough sanitation measures to combat COVID-19, the Florida Museum of Natural History is finally open for business once again. “We’ve done lots of deep cleaning in the museum — we don’t often have a chance to do that because we are open 352 days a year," Darcie MacMahon, director of exhibits, told Gainesville.com.

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Outdated Staging Tricks You Need to Stop Using Immediately

(06/29/2020)

If you are selling your home, no doubt you’re getting lots of advice about how to stage your
home to appeal to potential buyers. Maybe you’ve spent time online reading about curb
appeal, maybe your friends have given you advice about how to make your home brighter, or
maybe the advice has even come from your listing agent; regardless of the source, here are a
few outdated staging tricks you should NOT be using.

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Home Inspections and Appraisals in the New Normal

(06/29/2020)

Even during the COVID-19 outbreak, real estate transactions go on. Buyers and sellers still
need to move, and the industry is looking for new ways to accommodate both the needs of
the transaction and, of course, the safety of everyone.
Many traditional real estate activities can be performed virtually...

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Homebuyers Are in the Mood to Buy Today!

(06/22/2020)

Homebuyers Are in the Mood to Buy Today | MyKCM

According to the latest FreddieMac Quarterly Forecast, mortgage interest rates have fallen to historically low levels this spring and they’re projected to remain low. This means there’s a huge incentive for buyers who are ready to purchase. And homeowners looking for eager buyers can take advantage of this opportune time to sell as well.

There’s a very positive outlook on interest rates going forward, as the projections from the FreddieMac report indicate continued lows into 2021:

“Going forward, we forecast the 30-year fixed-rate mortgage to remain low, falling to a yearly average of 3.4% in 2020 and 3.2% in 2021.”

 With mortgage rates hovering at such compelling places...

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Real estate market roars back after brief slowdown

(06/17/2020)

Today, data came out that showed mortgage purchase applications up 20% year over year.  The graph is pretty incredible - it shows the stark slowdown and then a fast snapback.

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Preparing Your Home for a Virtual Tour

(05/26/2020)

Technology is helpful in so many areas of life, even real estate. Twenty years ago, if someone
were moving across the country, they'd have to wait to buy a house until they arrived to start
their new life, or they’d have to buy a home without seeing it in person beforehand. Both options
would cause extra unwanted stress on top of moving to an unfamiliar place. Luckily, with the
rise of technology, virtual tours are here to save the day!

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Your Tax Refund Can Get You One Step Closer to Homeownership

(05/05/2020)

Since the IRS extended tax deadlines due to COVID-19, people are still receiving their tax returns through the next couple of months. Read about how they can support your homeownership dreams!
Saving money each month toward a long-term goal is increasingly difficult for
most people. Even committed savers can get thrown off track when unexpected
problems or opportunities arise. It can be difficult to envision how $200 a month
can add up to a new home...

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Organize and Declutter while you are home

(05/05/2020)

During a time when so many people are hunkering down at home, it can be challenging to keep
a tidy house, especially when you have kids, pets, and other adults living in the same space. It
can be stressful and overwhelming at times, trying to find a balance of keeping everything
organized and clean while maintaining one’s sanity. There are a few tips to help keep your
house in order while everyone is home, and while you have some downtime to knock out some
much-needed organization projects.

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Coronavirus impacting Gainesville/Alachua County real estate, but it's not all bad

(05/02/2020)

The coronavirus pandemic has thrown a stick in the spokes of real estate, so to speak, but the market impact thus far probably isn't what you think.

 

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Changes in the Mortgage Market Since COVID-19

(04/30/2020)

It's been difficult to adjust to a new normal during the past few weeks. With most residents being
asked to stay at home, there are many who have recently lost their jobs or been asked to work
remotely. The mortgage industry has also taken a big hit that has directly affected homeowners,
renters, and investors alike...

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