Storms be damned, Florida keeps building in high-risk areas | Florida Trend Real Estate – Florida Trend

Storms be damned, Florida keeps building in high-risk areas

Driving through the mess left behind by the twin hurricanes that slammed Florida, it doesn’t take long to pass a construction site for another batch of new homes. Among them is La Linda Estates, which is being built in a high-risk flood zone on a barrier island near where Milton made landfall. Florida built 77,000 new properties in high-risk flood areas since 2019, the most in the nation. More from the Wall Street Journal and Realtor.com.

Slowed but steady, South Florida’s luxury-home market is still a magnet for wealthy buyers

Hurricanes and tornadoes notwithstanding, South Florida continues to attract luxury buyers to its sunny shores—though perhaps not with the same vigor as before. Most of the region’s priciest enclaves saw home sales and prices rise in the third quarter compared to the same period last year, according to data released by Douglas Elliman Thursday. [Source: Mansion Global]

Florida homeowners fear soaring insurance cost after hurricanes

Florida has been hit with four major hurricanes in the past four years, which has sent insurance premiums rocketing and caused some insurers to pull back on coverage. For residents cleaning up after storms or living nearby water, they have another worry: Will they still have insurance? [Source: Reuters]

How Airbnb can help people whose Florida homes were wrecked by Hurricane Milton

A nonprofit arm of Airbnb is stepping up efforts to…