FORT LAUDERDALE, Fla. – Home insurance costs in Florida are unlikely to fall even as reforms enacted by the state Legislature last year drive down litigation rates, a national insurance analyst predicted in a newly released report. The report by Karen Clark & Company, titled “Managing Expectations: Why Florida Homeowners Insurance Premiums Are Not Likely … Read more
Climate Alpha uses AI to identify those Fla. cities with the least risk from flooding. For overall storm risk, Ocala is No.3 behind Lake City and Tallahassee. NEW YORK – The National Oceanic and Atmospheric Administration reports that 40% of U.S. hurricane landfalls occur in Florida – significantly more than any other state. But some … Read more
An apartment building was converted to condos decades ago, and a recently discovered problem arose: Some electrical connections serve two different owners. What now? FORT LAUDERDALE, Fla. – Question: I live in an apartment building that was converted to condominiums decades ago. Given the age of the building, many unit owners are doing extensive upgrades. … Read more
A condo-wide A/C unit went down, and it gave residents a window unit while awaiting repairs. Should residents also get reimbursed for the cost of electricity? FORT LAUDERDALE, Fla. – Question: Air conditioning is included in our condo’s monthly maintenance fees. The chiller that cools the entire building stopped working on July 20, and we … Read more
TAMARAC, Fla. – A man posed as a dead woman’s grandson to steal her home, moving into her three-bedroom Tamarac residence, with plans to eventually sell it, the Broward Sheriff’s Office says. Braden Emdin, 38, is accused of gaining access to the home, squatting there, and then planning to flip the home for about a … Read more
But these Realtors aren’t just “good” – they’re great. Fort Lauderdale’s Kasia Maslanka and Palm Coast’s Sandra Shank are 2023 NAR “Good Neighbor” finalists. WASHINGTON – The National Association of Realtors® (NAR) selected 10 Realtors as finalists for its annual “Good Neighbor Awards,” and two of them call Florida home: Kasia Maslanka, a Realtor from … Read more
Of all homes buyers could consider in the second quarter, 31.4% were new construction – the highest 2Q percentage on record. Pre-pandemic it was 17%. SEATTLE – Newly built homes made up nearly one-third (31.4%) of all single-family home listings on the market nationwide in the second quarter, according to a report from Redfin, the … Read more
It’s not just the house: Some neighborhoods offer more opportunities. In Fla., the home price difference between high- and low-opportunity areas runs as high as 64%. SEATTLE – In a high-opportunity neighborhood, children who grew up in low-earning households went on to become higher earning adults than the typical person who grew up in their … Read more
Once upon a time, a condo had a dynamic golf course view, but a developer bought it and the view now is two overgrown trees. Are there options? FORT LAUDERDALE Fla. – Question: When I bought my condo, my building had the best golf course view from my screened porch. However, the golf course faced … Read more
In a single-family-home HOA, one homeowner damaged common space. Does that owner pay for repairs or does the HOA – meaning all homeowners – pay? FORT LAUDERDALE, Fla. – Question: We live in a single-family home where our homeowners’ association takes care of some items customarily left for individual owners. The monthly dues cover water, … Read more
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