Policy Non-Renewals Put on Hold

Fla. Insurance Commissioner’s order prevents insurers from cancelling or issuing non-renewals of customers’ policies until Oct. 31 in areas affected by Hurricane Idalia.
Read MoreIdalia Destroyed These Gulf Towns

Residents of the small, rural areas of the state’s “Nature Coast” fear the high costs of rebuilding will price them out and they’ll lose their “old Florida” way of life.
Read MoreFloridians’ Consumer Confidence Up Slightly in Aug.

Feeling more optimistic about their personal finances, Floridians’ consumer sentiment inched up eight-tenths of a point in August to 67.6 from July’s revised 66.8.
Read MoreHow to Generate Leads from Third-Party RE Websites

Agents can help buyers and sellers see them as a local expert on YouTube by creating market and trend update videos, video walkthroughs of properties and more.
Read MoreRedfin: Asking Rents Inch Closer to Record High

The median U.S. asking rent in July was $2,038, just $16 below the record high set in August 2022. But that asking rent was up just 0.3% from a year earlier in July.
Read MoreHard to Be a Market Expert Without Constant Training

Agents offer buyers and sellers their market expertise, but that expertise can quickly become stale in a fast-changing RE market without regular educational updates.
Read MoreMore Americans Dropping Their Home Insurance

Survey: 12% of U.S. homeowners don’t have property insurance. About half of them have household incomes of $40K or less and say they can’t afford it.
Read MoreStudy: Affordable Homes Don’t Hurt Home Values

Georgia Institute of Technology: A before/after study of new affordable housing found that it didn’t harm nearby home values – and in some cases, it raised them.
Read MoreHUD Awards $24M+ to Fight Housing Discrimination

Two Fla. agencies will receive $425K each – one in C. Fla., one in the Palm Beaches – for fair housing testing and enforcement to eliminate discriminatory practices.
Read MoreState Seeks Wider Disaster Declaration for Idalia

Pres. Biden declared seven Fla. counties disaster areas, but Gov. DeSantis thinks more will be added. A declaration opens up additional aid, including more fed funding.
Read MoreBiden Approves Hurricane Idalia Disaster Declaration

The order includes Citrus, Dixie, Hamilton, Lafayette, Levy, Suwannee and Taylor counties and clears the way for federal funds to aid in their recovery.
Read MoreFEMA Tight on Funds – How to Speed Up Aid

While FEMA may still be given additional funding, these strategies can help Hurricane Idalia survivors get federal aid faster.
Read MoreMortgage Rates Retreat, Drop to 7.18%

After hitting a 20-year high last week of 7.23%, the average rate on a 30-year, fixed-rate mortgage moved lower again. A year ago, the FRM averaged 5.66%.
Read MoreNAR Names 2 Fla. Realtors ‘Good Neighbor’ Finalists

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.
Read MoreCitizens Insurance Sees Drop in New Lawsuits

New laws impacting insurance lawsuits may be helping. State-run Citizens says it received 200 fewer monthly lawsuits Jan. to June than it did last year.
Read MoreSpelling on LinkedIn? You’re Doing It Wrong

Some words are hard to spell, but others are just prone to typos in an era of social media speed-typing. A common business mix-up? Relator instead of Realtor.
Read MoreEconomy Grew 2.1% in 2Q, Inflation at 3.2%

An initial growth estimate of 2.4% was downgraded, though it’s still an acceleration from the 2% growth rate logged in the first quarter.
Read MoreInvestors Pull Back, 45% Fewer Homes Year-to-Year

Investors face the same problems as first-time buyers: low inventory and high mortgage rates. Dollar volume was down 42%, as investing in Jacksonville dropped 65%.
Read MoreDeSantis Warns Insurers About Hurricane Idalia Claims

Accusations suggest some Fla. insurers shortchanged policyholders last year, but a new 2023 law tightens how insurers handle claims and increases penalties if they fail to do so.
Read MoreFlorida Realtors Disaster Relief Fund Q&A

Florida Realtors’ members, brokers and local association staff impacted by Hurricane Idalia can apply for financial help through the association’s Disaster Relief Fund.
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