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Insurance costs have also skyrocketed throughout Florida for condos and single-family homes, with a Redfin survey revealing three-quarters of all Florida property owners indicated premiums were up.
Another startling fact: six out of the 10 most expensive cities for homeowners insurance are in Florida, “and all have average annual rates above $11,000,” according to Insurify.
To make matters worse, housing has gotten more expensive across the country. Soaring insurance rates are the proverbial cherry on a homeownership cake nobody wants to take the responsibility for ...
But expensive housing isn’t the only thing repelling retirees from the state. Inflation and stock market dips have also negatively impacted their financial situation. In response, seniors are ...
Florida Gov. Ron DeSantis has sent a not-so-subtle message to lawmakers regarding the financial crisis that could take place in South Florida — and in other condo-heavy areas of the state ...
In 2020, the pandemic prompted many to move to Florida to be with family, to secure affordable housing and to find jobs since so many other states enacted mandatory shutdowns of non-essential ...
The Legislature continues to squander much of the money that was supposed to be set aside under the Sadowski Act, which in 1992 created a dedicated revenue source for Florida affordable housing ...
Florida is one of the most expensive states for housing, and Miami is the least affordable city in the country, according to a report. High demand, short supply, increased migration trends since ...