Housing

At the corner of State Road 7 and Coral Bay Boulevard in Margate there’s what looks like any ordinary luxury apartment complex being developed. 

It may still be a construction zone, but the 100 units have all steel appliances, granite countertops in the kitchen and tile flooring. Outside there will be walking trails, a swimming pool and outdoor fitness stations. 

The renting population is booming throughout Florida, according to a study by RentCafe.com, a national apartment search website.

 

Miami, with 68 percent, ranks third in the country for the largest proportion of renters versus homeowners. Jersey City and Newark, both in New Jersey, top the list. 

FEMA is extending housing assistance for Puerto Ricans displaced by Hurricane Maria.

The extension lasts through March 20. Puerto Rico’s government asked for the extension of the Transitional Sheltering Assistance Program as more than a third of the island remains without power.

But the Rev. Jose Nieves of the First United Methodist Church of Kissimmee says many families and hotels where they are staying have not yet gotten the word.

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Southwest Florida’s residential real estate market has steadily improved since the 2008 crash. Home prices continue to rise, and rent has spiked dramatically in recent years. We’re going to get a snapshot of the current state of the market, and where it might be heading, with area realtors Denny Grimes and Brad Dohack, and real estate analyst David Cobb with Metrostudy.

We also spend a few minutes talking about boom/bust economic cycles throughout history with Dr. Christopher Westley, he's Director of the Regional Economic Research Institute and Professor of Economics at FGCU.

Florida homeowners who insure their property through a state-created insurance company will see an average 6.6 percent increase in their multi-peril coverage next year, regulators announced Wednesday.

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