First-time millennial homebuyers willing to wait for Florida's market to cool

Millennials remember the fallout from the Great Recession. How hard it was to find good jobs. How far home prices plunged. They are price sensitive and wary of market whims. That encapsulates why the housing market appears to be cooling: More buyers, especially the all-important first-time buyers, are willing to hang tight. [Source: Tampa Bay Times]

Florida Trend Exclusive
Bullish: Profile of USF President Judy Genshaft

Genshaft has a reputation as a tireless booster of USF. At public events she typically wears green, the school’s color, and often gives the “bullhorns” hand gesture when photographed. Her office is decorated with bull knickknacks from around the world. [Source: Florida Trend]

Florida recount roundup

Florida's races for senator, governor and agriculture commissioner continue to undergo recounts. See a roundup of the latest news:

» Judge: Sides in Florida recount should ‘ramp down’ rhetoric
» Gov. Scott drops bid to impound voting machines
» About 150 Florida hurricane victims voted by email. That’s not allowed.
» Miami-Dade is halfway through its recount. Broward hasn’t started yet.
» Amid Florida recounts, frustration grows for those whose votes didn’t count
» Here's a running list of the lawsuits filed in the Florida midterm election
» How does a Florida recount work? Here’s a quick and easy guide
» Florida Recount: Here’s how a manual recount would work

Tropical Storm Patty? Wave has 80 percent chance of development, but cold front may keep it away.

A cluster of rainstorms and clouds about 200 hundred miles east of the Caribbean Sea has a high chance of becoming a late-season tropical system this week, according to the National Hurricane Center. Historically, tropical cyclones are not as likely to form in November as they are in the preceding months of the season, but it still happens. More from the South Florida Sun-Sentinel and the Daytona Beach News Journal.

NASCAR offers to acquire the owner of Daytona International Speedway

NASCAR, a privately held company that sanctions and operates auto races, made a bid to acquire the publicly held owner of the Daytona International Speedway in Daytona Beach. The offer values the owner of the race track – home of the Daytona 500, the most prestigious NASCAR race – at $1.85 billion. [Source: The Real Deal]

ALSO AROUND FLORIDA:

› SeaWorld: Adding more rides is 'new strategy with a lot of energy to it' [Orlando Sentinel]
As SeaWorld Entertainment’s months-long upswing continues, the company is trying to position itself into 2019 by opening nine new attractions at its parks across the country.

› Tech in LatAm is booming. Miami’s original co-working space wants the city to know [Miami Herald]
As Miami positions itself as a kind of Silicon Valley for Latin America, the LAB Miami has taken a leading role in bringing the region’s most promising tech companies to an audience of Magic City business leaders and investors.

› Palm Beach Gardens golf pro named PGA of America’s first female president [Palm Beach Post]
It took more than a century, but the PGA of America has chosen its first female president. Suzy Whaley, a Palm Beach Gardens resident and longtime PGA Professional, was elected to the position Friday.

› New 37-story tower in Miami is all about the art [South Florida Sun-Sentinel]
Miami’s latest residential tower is supposed to be a work of art, literally. The new Canvas Miami — a 37-story tower with 513 condos — has 225 original pieces of art commissioned by 22 artists, including 150-foot wall murals and framed prints.

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› Miami lawyer launches high end tea company [South Florida Times]
A simple misunderstanding turned out to be a blessing in disguise for Lorna Owens. When she was in the midst of scheduling an appearance at a Williams and Sonoma store to promote her company’s soy candles, the store’s representative assumed Owens was bringing tea to the event.

› Florida gas prices plunging, lowest average since March [WOFL]
Florida gas prices are continuing to plunge, as crude oil has hit an 8-month low last week. The Auto Club Group AAA says that gas prices in Florida have declined for 36 consecutive days, bringing it down a total of .25 cents.

› Jacksonville Landing owners will withhold rent checks to City Hall to pay for repairs [Florida Times-Union]
The owners of the Jacksonville Landing say they will withhold future rent payments to City Hall to offset the cost of repairing what they say are long-neglected maintenance issues city officials should have taken care of years ago.

› Anna Maria City Pier project moves forward [Sarasota Herald-Tribune]
The Anna Maria City Pier — destroyed by Hurricane Irma in 2017 — is moving closer to being rebuilt as a new construction company has been selected. City commissioners voted unanimously last month to authorize mayor Dan Murphy to begin negotiations with i+iSOUTHEAST, a company out of Tampa that is currently involved in the building of the new St. Petersburg Pier.