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 A New Buy Signal for Gold READ MORE The Great Cash-Out: Billionaires Have Sold a Combined $11 Billion in Company Stock This Month READ MORE Precious Metals READ MORE Thursday's PCE Price Index Release to Shine a Spotlight on Inflation Trends READ MORE Gas Prices Could Soar Past Last Year's Rates Amid Refining Woes READ MORE Add a Comment Cancel replyYour email address will not be published.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
