Florida Real Estate Falls As Homebuyers Deterred by Higher Insurance Costs 📅 Published on: February 15, 2024 Home prices in Florida’s southwest coast are dropping, primarily driven by the steep rise in home insurance costs. This insurance crisis has led to a surge in inventory as potential buyers, particularly those looking to purchase winter homes, are deterred by the skyrocketing premiums. The Insurance Information Institute reports a 42% increase in insurance rates last year alone, placing the average insurance cost for Floridian homeowners at $6,000, in stark contrast to the national average of $1,700. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts The Office Meltdown Will Result in $1 Trillion of Losses, Says Real Estate Billionaire READ MORE Gold Climbs Back Above $2,000 as U.S. Retail Sales Falter READ MORE Dollar's Dominance Under Scrutiny: Morgan Stanley's Perspective READ MORE Thursday's PCE Price Index Release to Shine a Spotlight on Inflation Trends READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment
