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 Fed's Inflation Blunder Sets Stage for Looming US Recession, Says Top Economist READ MORE Middle East Tensions Propel Gold and Silver Prices READ MORE Gold Inches Higher, Supported by Soft Dollar and Rising Middle East Tensions READ MORE De-Dollarization Accelerates as 20 Nations Sign On to Russian Financial System READ MORE Add a Comment Cancel replyYour email address will not be published.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
