Investor home purchases plummet in Florida, other parts of the country

Record-low interest rates during the COVID-19 pandemic gave real estate investors the opportunity to buy up scores of homes. With interest rates rising once again, causing home values to fall as U.S. homebuyers hesitate to purchase homes — these same investors have pumped the brakes. 

Florida's state-backed Citizens Insurance eying rate hike

With the state-backed Citizens Property Insurance Corp. continuing to see massive growth, regulators Thursday took up a proposal that would lead to double-digit rate increases for Citizens customers across Florida.