A recent study reveals that South Florida is one of the least affordable places for renters in the US. Florida lacks a state law limiting how much landlords can raise rent. However, discrimination-related rent increases can be challenged under state laws....
The housing market in September showed a decrease in actively listed homes, newly listed homes, and total unsold homes compared to last year. However, the median price of homes for sale increased slightly, and the inventory of homes for sale increased from August. Despite this, total listings were still 12.2% lower than the same time last year, leaving buyers to contend with higher listing prices,...
Florida's regulators have approved 7 private insurance companies to take over 202K policies from Citizens Property Insurance Corp. The move aims to shift policies from Citizens to the private market to reduce financial risks of major hurricanes. The approved insurers will be able to select which policies they assume....
Florida has experienced 20 extreme weather events between 2019 and 2023, costing $239.5B....
Consider your coverage needs and deductibles, including wind or hurricane deductibles....
Florida's home insurance costs likely to stay high despite reforms. Florida reforms for stability may cause moderate rate ↑ annually. Cost Contributors: Inflation Reinsurance Climate Change ↑ Construction Costs...
Vacation and seasonal rentals are in high demand; research local short-term rental regulations. Landlord Duties: Maintain property and services Comply with tenant-friendly eviction laws Screen tenants carefully Tenant Considerations: Utilize security deposits Use written leases Follow maintenance protocols...
Wind mitigation inspections cut home insurance costs (color-green) 50%....
Florida leads in net domestic and international migration, influencing its Real Estate market....
Miami-Dade County condo sales in September ↓ MoM in both closings and dollar volume. Total condo sales for September amounted to $548M, ↓ MoM from $700M. The number of condo sales closed in September was 809, ↓ MoM from 934....
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