Florida Private Property Rights are protected by a new law that goes into effect on July 1st of this year. This much-needed law will help homeowners remove illegal squatters from the property they own. It is intended to help owners reclaim their property quickly as long as certain conditions apply. To read more about the new law's conditions and penalties, please click here Click Here to see our...
The March 2024 Market Update for Palm Beach County indicates that as the moving season draws near, inventory is increasing. Palm Beach County's property listings have risen to 5,066, marking a 30.7% increase from last year. The county now has a 4.4-month supply of inventory, up 37.5% as buyers evaluate their options. The average sale price stands at $1,196,445, contributing to a total sales volume of...
Florida's home insurance crisis may have peaked, and the hope is that with more competition, rates will be more reasonable. Insurers express optimism about Florida's home insurance market, noting a slowdown in rate increases in late 2023. However, uncertainties persist, especially regarding the potential impact of a major hurricane. Despite significant rate hikes over 18 months, the growth rate...
The Florida Insurance Market is expanding, as yet another property and casualty insurer has gained approval to do business here. This makes the eighth new insurer to come to Florida following legislative reforms aimed at stabilizing the market, according to state insurance regulators. The Florida Office of Insurance Regulation (OIR) announced the approval of Ovation Home Insurance Exchange, adding to a...