Connect with us

News from the South - Florida News Feed

Condo market faces risk of collapse

Published

on

www.youtube.com – CBS Miami – 2024-10-07 17:07:01

SUMMARY: Concerns are rising about a potential crash in South Florida’s condo market, particularly in Miami, which faces risks from new condo laws, higher insurance rates, and a surplus of unsold units. A family attempting to sell a condo in Sunrise faced significant challenges, ultimately settling for $50,000 less after six months on the market due to financing difficulties and increasing assessments. Market expert Peter Zooki highlights that there is a nine-month supply of older condos and predicts a financial cliff in 2025, leading to decreased individual ownership and rising rental trends unless government intervention occurs.

A new report from UBS shows that Miami is the market most at risk for a bubble burst​, particularly in the condo sector.

Source

News from the South - Florida News Feed

Not use to snow & freezing temps? Here’s how to keep your home, car safe

Published

on

www.news4jax.com – Jacqueline Lee – 2025-01-22 07:25:00

SUMMARY: Florida is experiencing unusual freezing temperatures and snow, prompting AAA to offer safety advice. To protect homes, residents should remove hoses from exterior faucets, allow faucets to drip, and ensure they know their water shutoff valve location. Frozen pipes can cause significant damage, averaging $11,000 in repairs. For cars, AAA recommends using an ice scraper, checking tire pressure, and avoiding warming the car in enclosed spaces. Drivers should check weather conditions, pack an emergency kit, and maintain a safe distance on icy roads. In emergencies, stay in the car and avoid running the engine to save gas.

Read the full article

The post Not use to snow & freezing temps? Here’s how to keep your home, car safe appeared first on www.news4jax.com

Continue Reading

News from the South - Florida News Feed

China and US partners are moving closer as Trump returns to the White House

Published

on

www.clickorlando.com – Ken Moritsugu And Didi Tang, Associated Press – 2025-01-22 00:19:00

SUMMARY: As Donald Trump returns to the White House, China’s relations with countries like Japan, India, and the UK, once strengthened by Biden’s efforts, are improving. While Trump’s approach might challenge U.S. alliances, especially through controversial statements, China sees an opportunity to mend ties and boost economic cooperation. Beijing’s relationship with Japan and India, though improving, faces challenges, particularly over territorial disputes. Meanwhile, European nations like the UK and France are cautiously engaging with China. Trump’s rhetoric has caused unease, but some see it as a chance to recalibrate diplomatic strategies with China, despite differences over global leadership.

Read the full article

The post China and US partners are moving closer as Trump returns to the White House appeared first on www.clickorlando.com

Continue Reading

News from the South - Florida News Feed

Estimated 24.6 million TV viewers watched inauguration coverage, smallest audience since 2013

Published

on

www.news4jax.com – David Bauder, Associated Press – 2025-01-21 19:12:00

SUMMARY: President Donald Trump’s second inauguration attracted 24.6 million TV viewers, the smallest audience since Barack Obama’s second inauguration in 2013. Viewership was lower compared to Trump’s first inauguration (30.6 million) and Joe Biden’s 2021 inauguration (33.8 million). Inauguration coverage varied in length, with the extended broadcast likely lowering the average viewership as audiences tuned out over time. Fox News led with 10.3 million viewers during Trump’s swearing-in and speech, while other networks like ABC, NBC, CBS, CNN, and MSNBC had significantly fewer viewers. In contrast, Biden’s 2021 inauguration saw stronger viewership on CNN and MSNBC compared to Fox News.

Read the full article

The post Estimated 24.6 million TV viewers watched inauguration coverage, smallest audience since 2013 appeared first on www.news4jax.com

Continue Reading

Trending