Florida Office of Insurance Regulation to establish temporary reinsurance arrangement to prevent crisis
"We are set up to expand when the market experiences challenging time," said said Michael Peltier with Citizens.
Real Estate
Home prices in the U.S. climb to record $416,000
But sales of previously occupied homes have slowed sharply amid higher mortgage rates and rising prices.
Citizens dropping South Florida residents because their home's replacement value exceeds cap
If it costs more than $700,000 to replace your Broward home or $1 million for Miami-Dade, you can't get coverage.
Citizens insurance reaches "almost incomprehensible growth" with 1.2 million policies
Pointing to "almost incomprehensible growth," the president and CEO of Citizens Property Insurance Corp. said Wednesday the state-backed insurer could have 1.2 million customers by the end of the year.
Tampa, Miami top metro areas in housing price hikes
Tampa and Miami topped other metro areas across the country in a new analysis of housing price increases.
The cost of a house in the U.S. has never been higher
Price of a previously occupied house hits new heights even as would-be buyers struggle with high prices and mortgage rates.
Home prices continue to surge
The latest figures showed that home prices surged over 20% since March of last year.
Tampa tops nation in housing price increases
After nearly three years of Phoenix leading the nation in the most-rapid growth in housing prices, it has been topped by the Tampa area, an analysis released Tuesday showed.
South Florida Housing Trends: Real Estate Inventory Shrunk, Prices Skyrocketed
The inventory of available houses has shrunk and that has made it difficult for buyers in South Florida.
With real estate inventory shrinking, prices have skyrocketed across South Florida
With real estate inventory shrinking, prices have skyrocketed across South Florida
Living Large: 1000 Museum Boasts Penthouse With South Florida's Only Helipad
Known for its dramatic curving exoskeleton, 1000 Museum, located on 1000 Biscayne Boulevard in Downtown Miami, was designed by the late architect Zaha Hadid.
Researchers Find South Florida Is Most Overvalued Rental Market In US
The study found the average rental price in the area that includes Miami and Fort Lauderdale is $2,832 but should be closer to $2,326.
Why This Recent Change Just Made It Harder To Buy Or Sell An Apartment
New rules rolled out earlier this year by mortgage giants Fannie Mae and Freddie Mac are creating a bottleneck in the real estate market for those seeking to buy or sell condos or co-op apartments, according to agents and condo associations.
Miami, Tampa Home Prices See Big Jumps
The Miami area saw a 28.1% year-over-year gain in home prices, while the Tampa metropolitan area had a 30.8% increase.
Miami Home Prices Rose 28.1% From January Of 2021
As if home prices weren't already out of reach, they continued to surge higher in January.
Surging Mortgage Rates Pricing Millions Out Of Buying A Home
The U.S. real estate market was already tough for prospective buyers, who have faced double-digit price increases and cutthroat competition for listed properties. Now they are facing another challenge as rising mortgage rates add to the affordability squeeze.
Home Prices Increasing At A Rate Not Seen In Decades
According to Zillow, the number of listings dropped 42.4% from January 2020 to January 2022. Because of that, prices are soaring. Home values increased 19.9% from January 2021 to January 2022.
Living Large: Adrienne Arsht's Miami Estate For Sale At Record $150M, Proceeds To Benefit Charity
It's the ultimate in old world opulence, a four-acre compound in Coconut Grove owned by renowned business leader and philanthropist Adrienne Arsht. It's the highest priced home ever in Miami and proceeds of the sale are going to charity.
Sky-High South Florida Rents Forcing Many To Make Extremely Difficult Decisions
For many, the astronomical rent increases are impossible to keep up with. From December 2020 to December 2021, rent prices in Miami rose 49%.
Miami Residents Facing Difficult Decisions Due To Rising Rental Prices
What goes up, keeps going up. Rents continue to rise across the country and in South Florida and it's forcing tenants to make difficult choices.
Miami, Joins Tampa & Phoenix As Top US Cities Where Home Prices Skyrocketed Last Year
Miami was one of three US cities to see the highest rise in home prices, 18.8% in 2021, according to the S&P CoreLogic Case-Shiller US National Home Price Index.
Miami Now Least Affordable Housing Market In U.S.
If you've forgotten what a "for sale" sign looks like, you're not alone. There are fewer and fewer around Miami
Punta Gorda, Florida Tops List Of Biggest Jump In Home Prices
The cost of buying a home rose by double-digit percentages across most of the US in the last quarter of 2021, and a Florida city tops the list of biggest jump in home prices.
Miami's Overheated Home Prices Continue While Experts Say Red Hot Housing Market Starting To Losing Steam
If you've been waiting to buy a house, but the prices have just been way too high, you may be in luck. The red-hot housing market might finally be starting to cool, just not in Miami yet.
Investors Buying Tampa Bay Homes At Record Rate
From July through September, investors bought Tampa Bay homes at a record rate, according to data analyzed by Redfin that begins measuring in 2000.
Latest News
Miami-Dade's Monkeypox cases surpass Broward case count
Since the Monkeypox outbreak was detected in Florida, Broward County led the case count in the State.
Hialeah Police: Child grazed by bullet under investigation
Hialeah police detectives are investigating a shooting in which a child was grazed by a bullet at the child's home.
Several families likely displaced by fire at Miami apartment complex
Firefighters from the City of Miami put out an apartment fire on Saturday afternoon, that will likely displace several families.
Coast Guard: Vessel carrying dozens of migrants intercepted off Key Largo
The US Coast Guard intercepted a large vessel carrying dozens of migrants Saturday off Key Largo.
Dozens hurt, at least 17 missing as oil tank fire rages in Cuba
A fire set off by a lightning strike at an oil storage facility raged uncontrolled Saturday in the city of Matanzas, where four explosions and flames injured nearly 80 people and left at least 17 firefighters missing, Cuban authorities said.
Biden tests negative for COVID-19 after weeklong rebound infection
But the president "will continue his strict isolation measures pending a second negative test," White House physician Dr. Kevin O'Connor said.
Sunday is last day to take advantage of "back-to-school" sales tax holiday
Many parents and teachers have been taking advantage of the state's sales tax holiday for school supplies which ends Sunday.
Miami man faces charges after drugs, guns, undersized lobster found in Keys
A search warrant at a Key Largo residence yielded more than four pounds of marijuana, guns, other drugs and resulted in the arrests of two men.
Back to School: Parents should talk to their children about safety
CDC survey found one in five high school students reported being bullied on school property
Latest News
More Latest News
Miami-Dade's Monkeypox cases surpass Broward case count
Since the Monkeypox outbreak was detected in Florida, Broward County led the case count in the State.
Hialeah Police: Child grazed by bullet under investigation
Hialeah police detectives are investigating a shooting in which a child was grazed by a bullet at the child's home.
Several families likely displaced by fire at Miami apartment complex
Firefighters from the City of Miami put out an apartment fire on Saturday afternoon, that will likely displace several families.
Coast Guard: Vessel carrying dozens of migrants intercepted off Key Largo
The US Coast Guard intercepted a large vessel carrying dozens of migrants Saturday off Key Largo.
Dozens hurt, at least 17 missing as oil tank fire rages in Cuba
A fire set off by a lightning strike at an oil storage facility raged uncontrolled Saturday in the city of Matanzas, where four explosions and flames injured nearly 80 people and left at least 17 firefighters missing, Cuban authorities said.
Florida News
More Florida News
Weekly Roundup: Florida Gov. DeSantis prosecutes war on 'woke'
About six hours after he was suspended Thursday by Gov. Ron DeSantis, Andrew Warren insisted he was still Hillsborough County's top prosecutor — and that the governor was trying to "overthrow" democracy.
Probation for Florida woman who wiped up blood after killing spouse
A Florida woman who was acquitted of murdering her husband, a prominent official at the University of Central Florida, was sentenced Friday to a year of probation for tampering with evidence.
Less smoking hits tobacco settlement revenues
Florida likely will see lower-than-expected revenues from a landmark settlement with the tobacco industry because fewer people are smoking or smokers are cutting back.
Florida surgeons seek changes in 'Brazilian butt lift' restrictions
Members of the Florida medical boards are considering restrictions on "Brazilian butt lifts."
Vice President Harris to discuss climate change in Miami
Vice President Kamala Harris and other federal officials will travel Monday to Miami to discuss issues related to climate change, the White House said Friday.
Politics
More Politics
Biden tests negative for COVID-19 after weeklong rebound infection
But the president "will continue his strict isolation measures pending a second negative test," White House physician Dr. Kevin O'Connor said.
Indiana lawmakers approve abortion ban
Indiana is the first state in the nation to pass such legislation since the Supreme Court overturned Roe v. Wade.
A look at Democratic primary candidates for Attorney General
Three candidates are in the race: Aramis Ayala, Jim Lewis, and Daniel Uhlfelder
15 states, Washington D.C. oppose Florida education law
Florida law that restricts instruction on gender identity and sexual orientation in public schools
Former Florida Gubernatorial Candidate Andrew Gillum's trial moved to April
A trial that could determine whether former Tallahassee Mayor Andrew Gillum is convicted of federal wire fraud and conspiracy charges has been delayed until April, according to an order issued by a federal judge on Thursday.
Consumer News
More Consumer News
Baby formula shortage is easing for many, but it still isn't over
Formula availability is not back to normal, but for many families, it's better than it was even a month ago.
Florida's average gas price slip below $4 a gallon
In Miami on Monday, the average was $4.03 a gallon and Fort Lauderdale's average was $4.04
Coral Gables woman out more than $3,000 after scammers trick her using Zelle
Laura Hernandez says this all started when she received a text message from scammers.
South Florida farmers pushed to breaking point
John Alger, of Alger Farms, said it's been a struggle to break even for the last 10 years
Stuck in reverse? Florida gas prices slide lower
Gas prices dropped an average of 17 cents per gallon last week
Health
More Health
FIU's Dr. Marty on monkeypox: "This is not a disease you want to get"
With monkeypox cases rising across the U.S., Florida International University's Dr. Aileen Marty says "this is not a disease you want to get." She added that stopping the spread is critical.
Royal Caribbean revises testing requirements for most US sailings
Royal Caribbean announced Thursday that starting with August 8 departures, "we will revise our testing requirement for most U.S. sailings."
U.S. declares monkeypox outbreak a public health emergency
The declaration could help the federal government respond as the number of cases grows and demand for the vaccine far exceeds supply around the country.
Monkeypox a growing concern for parents with new school year around the corner
"Just the number spike alone is making me more anxious," Jaime Lyn-Kee-Chow said.
CDC expected to ease COVID-19 recommendations, including for schools
The updated recommendations are expected to ease quarantine recommendations for people exposed to the virus.
Neighbors 4 Neighbors
More Neighbors 4 Neighbors
CBS4's Neighbors 4 Neighbors, Viewers Help Family Left Homeless After Fire
CBS4's Neighbors 4 Neighbors and a viewer are stepping up to help a family for the holiday after a blaze ripped through their apartment.
December 13 Deadline To Adopt A Family For The Holidays Is Fast Approaching
Time is running out for you to open your heart and help a family in need this holiday season. Only 16 families left before Monday's deadline for the Neighbors 4 Neighbors Adopt A Family for the Holidays program.
More Than $2,000 Raised, So Far, For Family Burned Out Of Miami Home
A South Florida family who lost everything when a fire destroyed their Miami home, is thankful for the generous support of the South Florida community in an effort to get them back on their feet.
'Need Our Community To Come Together': Neighbors 4 Neighbors Assisting Family Burned Out Of Miami Apartment
Just days before Thanksgiving, Zoila Monzon and her children lost everything when a fire destroyed their Miami apartment.
Facing South Florida
More Facing South Florida
Facing South Florida: U.S. Congressional District 27 Democratic Primary - Pt. 2
State Senator Annette Taddeo is running against Miami City Commissioner Ken Russell.
Facing South Florida: U.S. Congressional District 27 Democratic Primary - Pt. 1
Jim DeFede focuses on the upcoming Democratic primary for U.S. Congress District 27
Facing South Florida: Interview with Florida Senator Lauren Book
Jim DeFede went one on one with Democratic State Senator Lauren Book
Facing South Florida: Interview with Jared Moskowitz
Jim DeFede went one on one with Jared Moskowitz
Facing South Florida: 1-on-1 with Janelle Perez
Jim DeFede went one-on-one with State Senate Candidate Janelle Perez
Entertainment
More Entertainment
Vin Scully, legendary Dodgers broadcaster, dies at age 94
"His voice will always be heard and etched in all of our minds forever," Dodgers president and CEO Stan Kasten said in a statement.
2022 Celebrity Deaths
Celebrities we've lost this year.
Taste of the Town: Timeless Italian family recipes with a twist at Luca Osteria
Award-winning Chef Giorgio Rapicavoli's motto is clear "Good pasta, Good people"
State agency targets Wynwood restaurant over drag shows
"Having kids involved in this is wrong," said Gov.DeSantis
Rolling Loud announces 2023 Miami dates
Rolling Loud Miami 2023 will officially return to Hard Rock Stadium from July 21 to July 23.