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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.
New Florida laws are making condo living increasingly expensive and are forcing many owners out. Florida realtor Jeff Chenore has been in the real estate business for 30 years and says the ...
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.
Residents there now pay an average of $4,200 per year for home insurance, more than double the national average of $1,700, a stark increase that could lead to the reversal of torrid population ...
More so than interest rates,” he said in a recent post on Bluesky. “Florida in particular is going to have huge problems.” “Florida in particular is going to have huge problems.” Don't miss
Florida is not alone when it comes to property insurance. One in 13 homeowners across the U.S. are uninsured, according to a recent study by the Consumer Federation of America. That's a little ...
Housing inventory is piling up in Florida and Texas, in part because homeowners-association fees and home insurance costs are scaring buyers away from the condo market, according to Redfin.
The housing market is really expensive—we all know that by now. Affordability is the worst it has been since the 1980s, and that has a lot to do with mortgage rates that reached slightly above 8 ...