Surfside Condo Collapse Settlement Nearly $1B
Pending court approval, the $997 million settlement involves developers of an adjacent building, insurance companies and other defendants.
Some Renters Must Submit ‘Highest and Best Offer’
In metros where demand outstrips supply, renter competition has created bidding wars. A few landlords, in turn, ask competitors for their “highest and best offer.”
Florida Realtors Accepts ENVY Award Applications
Know a “green” builder or developer? Urge them to enter: Winners are recognized for building in harmony with the state’s beautiful and sensitive environment.
Fla. Says $6.2M Awarded for Pandemic Mortgage Relief
The Dept. overseeing distribution has helped 386 homeowners to date and is still accepting applications. Funds used so far are about 1% of federal funding received.
State Weighing Property Insurer Rate Hike Requests
Fla. regulators will discuss three property insurers’ requests for rate hikes greater than 20% the week before the Legislature meets to consider industry-wide solutions.
Inflation Means Most Biz Owners Now Underinsured
Thanks to inflation, a business-disrupting disaster now costs more money to fix – but a study found that only 43% of businesses have increased insurance limits.
Moody’s: A Few Areas May See Price Declines
Prediction: Local home prices could drop perhaps 5%-10% in a few U.S. areas with large home price increases that far surpassed their area’s household incomes.
Orlando Will Market Commercial Growth to Tourists
For the first time, Orlando will market business services and commercial growth to tourists, assuming some visitors are also key business decision makers.
In Some Areas, Furnished Homes Are Trending
With furniture and decorative costs continuing to rise, some builders and existing-home sellers add value by including their existing furnishings with the sale.
CFPB: Fair Lending Still Applies After the Loan
An “advisory opinion” says federal laws don’t just protect borrowers from discrimination when applying for a loan – they protect borrowers forever.