State Regulators Dissolve Property Insurer Effective Nov. 1

Thousands of South Florida homeowners are scrambling to find new insurance coverage after state insurance regulators dissolved Florida Specialty Insurance Co. for allowing its surplus to fall below the state’s minimum threshold, among other issues. Florida Specialty was one of small number of companies operating in Florida that catered to […]

It’s Here: Mortgage Rule Opens Door to Thousands of Condos

First-time homebuyers often opt for a condo, but rules for Federal Housing Administration (FHA) loans banned many units and complexes in Florida from participating. However, that changes on Tuesday, Oct. 15, when updated FHA rules go into effect. The new FHA condominium approval regulation – and a new Condominium Project […]

NAR Report Identifies U.S. ‘Vacation Home Counties’

Increased financial wealth and low mortgage rates boosted demand and the prices of vacation homes, according to the National Association of Realtors®’ (NAR) 2019 U.S. Vacation Home Counties Report. Over a five-year period – from 2013 to 2018 – the median sales price in vacation home counties increased at a slightly […]