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Florida News That Impacts You – July 11th, 2022
Bottom Line: Your daily recap of the biggest news from around the state that impacts you in South Florida.
- Gas prices continued to drop through the weekend. Statewide the average price for a gallon of regular unleaded is $4.41 per gallon. That’s 14 cents cheaper than a week ago. In Southeast Florida prices range from a low of $4.52 per gallon in Broward and Miami-Dade to $4.63 per gallon in the Palm Beaches.
- New COVID-19 cases have declined over the past week as well. Entering this week, weekly trend for daily cases stands at 9,686. That’s a decline of about 700 cases per day. The most common strain of Covid is an omicron subvariant known as BA 5 which carries a high reinfection rate as natural immunity and vaccinations aren’t effective at prevention against it.
- A national study of rent rates across 107 metros found ten of the top 14 most overvalued markets are in Florida – including the Miami-Fort Lauderdale-West Palm Beach metro being the most “overvalued” in the nation. The study used Zillow data dating back to 2014 to make the determination. According to the study South Florida rent rates, which now average $2,846 – are 22% overvalued.
- Attorney General Ashley Moody has issued a warning about a growing trend of Vacation Rental Scams in Florida. The most common scam are fake postings offering vacation rental properties which ask for an application fee or security deposit to book an upcoming stay. Among the recommendations, Moody states users should stick to booking through recognized companies which offer refunds and protections for customers.