Florida Real Estate Falls As Homebuyers Deterred by Higher Insurance Costs 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 What Is the Gold Spot Price and How Is It Set? READ MORE Citi Analysts See Gold's Highs Continuing READ MORE Regional Banks Continue to Tumble READ MORE Real Estate Pain Is Showing Up in an Obscure Investment Product READ MORE Gold Prices Can Keep Rallying, This Investing Pro Says. Here Are Her Picks. READ MORE Add a Comment Cancel replyYour email address will not be published.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