Florida properties gross sales fall practically 40%
Current single-family properties gross sales in Florida once more fell in November, this time dropping 38.2% over the identical time interval final yr. Condominium and city home gross sales didn’t fare any higher, falling 38.9% in November in contrast with final yr. The info, launched by Florida Realtors on Wednesday, Dec. 21, is additional proof that the housing market, which only a yr in the past was so lively that 1000’s of potential consumers had been left unable to even compete for a shot at shopping for a home, is cratering as rates of interest proceed rise. Extra from the Business Observer.
Manatee feeding begins on Florida’s east coast
Wildlife officers have begun to feed manatees on Florida’s east coast, at a location close to a Florida Energy & Mild energy plant in Titusville. The Florida Fish and Wildlife Conservation Fee (FWC) and the U.S. Fish and Wildlife Service (USFWS) Joint Unified Command professional panel up to date media members concerning plans for its winter response on Wednesday. Extra from WFLA.
Residents CEO Gilway to retire as insurance coverage business struggles
Per week after Florida lawmakers made modifications within the insurance coverage system that he described as “historic,” Residents Property Insurance coverage Corp. President and CEO Barry Gilway mentioned Thursday he’ll retire. His announcement got here every week after state Insurance coverage Commissioner David Altmaier mentioned he’s resigning efficient Dec. 28. That may result in transitions at two of a very powerful elements of the struggling Florida insurance coverage business and as property homeowners grapple with hovering premiums and dropped insurance policies. Extra from the Orlando Sentinel.
Miami-Dade housing costs rose once more as affordability disaster continues in South Florida
As many South Florida residents face a housing affordability disaster, native house costs continued to rise final month. Costs for single-family properties and condos in Miami-Dade County and Broward County elevated between 9% and 14% in November in comparison with the identical month in 2021, in accordance with a report launched on Wednesday by the Miami Affiliation of Realtors. Extra from the Miami Herald.
He went from Google to a Tampa startup. Will extra tech staff comply with?
When Tampa Bay leaders speak about luring tech expertise right here, the kind of individual they’re picturing is Kan Kotecha. Kotecha is a former vice chairman of company engineering at Google; earlier than that he was head of funding product know-how at Morgan Stanley. This summer time, on the lookout for a change at a smaller firm, he turned chief know-how officer at Tampa startup Gale Healthcare, which goals to deal with the well being care employee scarcity by appearing as kind of an Uber for nurses seeking to choose up shifts. Extra from the Tampa Bay Times.
Enterprise Profile
Two generations of household provide a style of Asia at St. Petersburg grocer
In 1995, Minh Bui watched his mother and father style a brand new life in America. That yr, they purchased a storefront with neon orange awning to name their very own. They named it Dong-A Oriental Market — or Asian market. It took laborious work to get right here, his mother and father prefer to say. Sure, the son provides, but additionally a miracle. Right here he’s, virtually 30 years later, carried by the tides of laborious work or a miracle, or each, standing behind the market’s register.
» Extra from the Tampa Bay Times.
Leisure
‘Miami’s Model of Magic’: A Glitzy Christmas Theme Park
Pretend snow blows on a gravel lot to greet guests at considered one of South Florida’s most enduring Christmas traditions. Previous a tunnel of blinding coloured lights, dioramas rejoice the vacation with a subtropical twist: Santa on a Jet Ski. Santa on a fishing boat. Browsing Santa. Meals distributors hawk Brazilian picanha steak and dulce de leche churros. “All I Want for Christmas Is You” blares over loudspeakers in Spanish. A 100-foot synthetic tree lights up in sync to reggaeton and Latin lure tunes. That is Santa’s Enchanted Forest, Miami’s interpretation of an American Christmas.
» Learn extra from the New York Times.
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