Citizens Shops Plan to Reduce Policies
The Fla.-owned insurer wants fewer policies, and it’s proposed a law that would force homeowners to accept private coverage even if costs up to 20% more.
Zillow Offers Sold About Half Its Inventory So Far
A month after shutting down Zillow Offers, the company’s home-flipping, iBuyer business, Zillow will buy back stock, which fell about 60% so far this year.
Fla. Gets 22% of Foreign Investors; Miami, Orlando Lead
Foreign investors traditionally eye Miami but rising real estate costs have pushed them toward other metros, such as Orlando, Tampa and Jacksonville.
Fla.’s CFO Focuses on Property Insurance Fraud
Chief Financial Officer Jimmy Patronis formed and deployed two new teams to investigate fraud – a total of 13 members that includes detectives.
Virtual Website ‘Real’ Estate Sells for Record $2.4M
As expectations for virtual “real estate” heat up, prices follow. That $2.4M buys 116 parcels (6,090-square-feet) in Decentraland, which only exists online.
U.S. Wants More Oversight of All-Cash RE Deals
Shell companies can’t buy RE in 12 metros without identifying actual owners – a way to curtail money laundering – and the U.S. hopes to expand the program.