April 27, 2021 | Jim Saunders via Florida Realtors

A 3.2% increase for multi-peril policies was approved instead of a requested 6.2% hike; a request to charge actuarially sound rates was also rejected.

TALLAHASSEE, Fla. – Regulators have scaled back rate increases sought by Citizens Property Insurance Corp., dealing a blow to leaders of the state-backed insurer who argue it needs to charge more for coverage.

The Florida Office of Insurance Regulation released details Tuesday of rate increases that will take effect Aug. 1, including decisions that reduced amounts sought by Citizens.

As an example, Citizens requested an average 6.2% increase for homeowners’ multi-peril policies – the most common type of policies – but regulators approved a 3.2% increase.

February 06, 2021

​There is no question that 2020 was a year like none other with challenges on multiple fronts for our market and for our nation. Through it all, Kent & Regan maintained their high level of persistence and adapted their marketing strategies to meet the times head on. This was a boon for their Sellers and Buyers; when we are successful, so are our customers. See highlights of what we achieved.

February 06, 2021

​The City of Key West has a very informative and useful webpage on current and proposed FEMA flood maps. The section titled, “Major Map Changes” shows the proposed flood maps. Also, all of the links on the left side of the page are very helpful and include a “How to Read Flood Maps” link to help you locate your property and how the flood zone may change. Here, you can view current flood maps now in use directly on the FEMA site making it easy to compare current flood zones and proposed flood zones.

February 06, 2021

419-421 Grinnell St.—Renovation/Redevelopment Opportunity Commercial/Residential. Just back on the market, this is a rare opportunity for development in the heart of Old Town Key West. Two lots total 5879 sf. can be purchased together or separately. 421 Grinnell St is a renovated, quintessential two-story conch house with 1352 sf, 2 bedrooms and 2 bathrooms, porches and decks and in-ground hot tub. 419 Grinnell St has a small un-renovated 727 sf, 1 bedroom 1 bathroom house at the rear corner of the 4086 sf lot which could be renovated as a guest cottage or possible redevelopment for the main house with 421 Grinnell as the guest cottage. 419 Grinnell is zoned HMDR. 421 Grinnell is zoned HNC. Together, offered for $2,290,000. Separately, 419 Grinnell offered for $995,000 and 421 Grinnell offered for 1,295,000.

2027 Flagler AvenueCommercial Office Building. Stand-alone CBS office building now being offered for sale is located in a high-visibility, high-traffic area on Flagler Avenue near Key West High School. The building has 5 offices, a common lobby, common bathroom and off-street parking for 6 vehicles. One of the larger offices has a private full bathroom. Listed at a 5% cap rate, this solid investment provides stable rental income, easy entry into the vibrant Key West real estate market and/or an exclusive building for a business. Offered for $875,000.

View featured Truman & Co Key West listings as well as other select listings in Medellin, Colombia, New Orleans, LA and other exciting locations. We are all over the map! We can assist you wherever you are!

February 06, 2021 | Robin George Andrews in The New York Times

​In English common law, real estate is called immovable property. This article upends that notion in a fun way! Scientists have recreated the precise movements of the tectonic plates over the past one billion years in a simply fantastic graphic. You’ll never look at real estate the same again. Check this out!

February 05, 2021 | Christopher Rugabber (via FloridaRealtors.org)

​WASHINGTON (AP) – Chair Jerome Powell said Wednesday that the Federal Reserve will keep pursuing its low-interest rate policies until an economic recovery is well underway, acknowledging that the economy has faltered in recent months. The Fed said in a statement after its latest policy meeting that hiring and economic growth had slowed, particularly in industries affected by the raging pandemic, notably restaurants, bars, hotels and others involving face-to-face public contact. The officials kept their benchmark short-term rate pegged near zero and said they would keep buying Treasury and mortgage bonds to restrain longer-term borrowing rates and support the economy. Speaking at a news conference, Powell made clear his belief that the economy will struggle in the coming weeks and months, until widespread vaccinations and government rescue aid eventually fuel a sustained rebound.

February 05, 2021 | Nicholas Leider | Fall 2020 | CIRE Magazine | Edited by Kent Ducote

Shifting Strategies in the Lodging Sector

Outside of shifting strategies inside a hotel, different markets could experience growth thanks to geographic and demographic shifts in response to the coronavirus. If social distancing is here to stay - which appears to be a safe bet for some months to come - smaller, remote destinations such as Key West will rebound more quickly than, say, Manhattan or Miami Beach.

February 05, 2021 | International Journal of Disaster Risk Reduction (via ScienceDirect.com)

As the climate changes, disaster zones have expanded and changed to the point that we do not know what to expect from year to year. Flood events in Vermont and Colarado? Hurricane Sandy? Texas experiencing the most multi-billion dollar disasters ever in the years between 2010 and 2020 with Illinois, Kansas, Missouri & Oklahoma not far behind? …and then, of course, there is Florida on the front line of climate change and sea level rise. The Florida Keys are working hard to stay ahead of the curve with “hardening” infrastructure, raising structures and disputing insurance models that do not take these factors into consideration. This article examines the creation of insurance pools throughout the developed world. “In the US, for example, pools have usually arisen in the face of market failure of private sector insurance following a significant natural disaster; the initial concern has been the provision of affordable insurance rather than disaster risk reduction. Government pools have certain advantages over the private sector including their ability to raise funds post-event, but face financial unsustainability given political intervention to maintain affordability of cover in high-risk areas.”

February 05, 2021

Organize Your Home in a Month in Less Than an Hour a Day

A super-easy plan for getting organized without adding to your home-is-school, home-is-work, home-is-everything time burden. Read

Visit houselogic.com for more articles like this.

© Copyright 2021 NATIONAL ASSOCIATION OF REALTORS®


February 04, 2021 | by Kent Ducote

When buying or selling real estate, you want the best agent in your market working for you, wherever you are! Allow us to make the introduction. There is no fee for our service.

At Truman & Co.‘s AgentsInternational.NET website, we will connect you with the best agent available in your market whether that is across town, across the nation or around the world. Our global networks consist of the top residential and commercial agents.

Search our US & global residential real estate search engine at Leading Real Estate Companies of the World or find your next commercial investment at LoopNet/CoStar or CREXi. We will team you up with the best agent in whatever market in which you are seeking to invest. In addition to Leading Real Estate Companies of the World our networks include CIPS (Certified International Property Specialist) for international residential real estate and CCIM (Certified Commercial Investment Member) for commercial real estate.

February 04, 2021

For over 20 years, ​South Atlantic Financial has been assisting both foreign nationals and US citizens with the tools necessary to obtain financing for US real estate investments.

February 04, 2021

We are successfully making introductions and connections and they are literally all over the map! Meet our top agents we have introduced from inquiries through AgentsInternational.NET in both residential and commercial real estate. Pictured here is Brigitte Fredy of Latter & Blum’s Historic Districts Office in New Orleans, LA. Read about Brigitte and our other referral agents in very diverse locations around the world…

February 04, 2021
January 31, 2021

At AgentsInternational.NET we offer a full range of services. Our no-fee match to an experienced, professional real estate agent in your market is only the beginning. Whether you are planning to move or retire here or abroad, there can be many challenges to a new location including logistics, language, cultural differences, legalese and currency exchange to name a few. Meet Biagio Tedesco, our Director of Concierge Services for Europe…

January 15, 2021 | by Keith Bland

Whether it’s world-class deep sea fishing in the Florida Straits, fly fishing on the back country flats, diving or snorkeling the third largest barrier reef in the world and the largest in North America, taking a bike or walking tour of the Old Town Historic District, visiting one of the museums or galleries where…

December 17, 2020 | by Biagio Tedesco - Director of Concierge Services for Europe

When you think of living or retiring in Europe, you can picture yourself in one of the many quaint squares, sitting out in one of the traditional cafés sipping coffee or having a glass of wine and just feeling at peace with yourself, the world around you. If I had to choose a place, it would definitely be Barcelona!...

November 02, 2020 | by Nancy Kiernan - International Living Magazine

Located in the middle of Colombia, tucked into a valley surrounded by the Andes Mountains is Medellín, Colombia’s second-largest city. Known as the City of Flowers, Medellín is attracting more and more retirees who want to live an outdoor-based, active lifestyle in a city that has near-perfect weather, affordable healthcare, good-value real estate, and a lower cost of living than many cities in the U.S.

Medellín is strategically situated practically equidistant from Colombia´s other major cities of Bogotá, Cali, and Bucaramanga, making it an excellent hub for both commerce and tourism. Although the greater Medellín area has nearly 3 million people living there, the city really feels more like a lot of neighborhoods connected to each other by green spaces. Accented with green parks, flowers that are always in bloom, gurgling brooks, and hundreds of birds in brilliant colors, Medellín feels smaller than the metropolis that it is.

November 01, 2020 | by R Stephanie Bruno - Great American Country

Known as “The City that Care Forgot,” “The Crescent City,” “America’s Most Interesting City,” and, of course, “The Big Easy,” New Orleans offers a lifestyle that is worlds apart from the hustle and bustle of most metropolitan areas. Don’t be surprised if you hear people describe New Orleans as a “Northern Caribbean city” rather than a “Southern United States city.”…