Florida

Three U.S. senators opened an inquiry into insurance ratings firm Demotech and whether its assessments may be exposing taxpayers to growing risks tied to climate-driven insurer failures.

New legislation takes into account costs to residents while emphasizing accountability and safety from complex owners, Florida governor Ron DeSantis said.

The number of properties sold over the past year was the fewest since 2009, the National Association of Realtors said.

The volume of active for-sale condo listings in the Sunshine State increased by 40% last month compared to a year earlier, Redfin said.

Homeowners from Sarasota south to Naples, known for its eight-figure waterfront mansions, are having a tougher time selling their properties, and the buildup in inventory has caused home prices to fall at some of the fastest rates in the nation.

As the share of forborne loans increased for the first time in more than two years, servicers are cautiously eyeing data trends but appear equipped to handle storm-related distress.

The median rent in the tri-county area jumped 57% from March 2021 to March 2022, according to the latest data from realtor.com.

XBTO intends to serve buyers in the surging Florida market with purchases of properties worth $1 million or more.

The two states' combined plans amount to over $1.5 billion of the Homeowner Assistance Fund included within the American Rescue Plan Act , which was passed a year ago.

But Boise and Austin homebuyers pay the biggest premiums, according to a ranking of the top overvalued markets.

The former president said in a statement that he plans to apply to create 2,300 luxury homes as well as retail and commercial space in the first phase of construction at Trump National Doral.

Palm Beach County commissioners will soon provide input about how frequently high-rise buildings should be inspected for safety, following the deadly collapse of a 12-story condominium in Surfside.

Historic data suggests that first time home buyers may want to wait out current market conditions, a new report states.

The ruling confirms that a state precedent regarding forward mortgages also applies to home equity conversion loans.

The scheme's victims included an elderly woman and a local title agency that lost $230,000 in the fraudulent property transfer.

The median sales price of single-family homes in Miami-Dade surged to an all-time high of $450,000 in November, the third consecutive month of setting a new record and continuing a nine-year streak of monthly increases.

Tampa Bay's real estate market continued to charge forward in October, marking the fifth straight month of mostly robust numbers since the onset of the pandemic slowed down sales this spring.

Despite a tightening stock of homes on the market, home sales surged 38% last month in the Sarasota-Manatee, Fla., region.

The third quarter’s higher share of purchase applications, which followed the refinance wave that crested in the second, caused a rise in mortgage application fraud risk, according to CoreLogic.

For the second month in a row, South Florida residential sales are beating out 2019. They're also driving up prices, bringing the median price for a single-family home in Miami-Dade and Broward counties to $425,000 — the highest ever.