Florida residents leave the state as insurance rates soar by 900 percent

Insurance premiums – House in Florida – Courtesy: Shutterstock – Image by Mark Winfrey According to recent reports, Florida homeowners are considering selling their homes, canceling their insurance, and even leaving the state as a result of the state’s soaring insurance premium costs. The state has long been a popular vacation spot for many Americans,

Who is surpassing Florida cities for apartment rent growth?

Miami Beach, Florida: Colorful pastel green house apartment building for rent – Courtesy: Shutterstock – Image by Kristi Blokhin The majority of rent price increases last month were in college towns, energy industry towns, Midwest and Northeast cities, while rent growth in the Sunbelt, which skyrocketed during the epidemic, fell further victim to a large

Florida surpasses New York to take second place for most valuable housing market

New York City Housing Market – NYC Skyline with Statue of Liberty In View – Courtesy: Shutterstock – Image by shutterupeire According to a poll, Florida has surpassed New York to become the second-most valued property market in the country. Beginning in June 2022, residential property values in the Sunshine State increased by $160 billion,

Buy or rent in Florida? What Florida researchers recommend for homebuyers

Homeowners looking to buy or rent (Not pictured); Empty Homes Florida — Courtesy: Shutterstock — Artazum According to data from Florida International University and Florida Atlantic University, rent rates may continue to grow in South Florida. Is it therefore wiser to buy or rent right now for people migrating to the Sunshine State? One hundred

Areas in the Sunshine State that are at risk for home price decline

Beautiful blue home in Florida – Courtesy: Shutterstock – Image by Mark Winfrey Four Florida regions are among the top five markets, according to CoreLogic, a business that analyzes property data, where there is a chance of a drop in home prices in the coming 12 months. CoreLogic identified the regions they feel are most

High inflation in DeSantis’s Florida

Man viewing receipts in supermarket and tracking prices during inflation – Courtesy: Shutterstock – Image by Denys Kurbatov Ron DeSantis, governor of Florida and candidate for the Republican presidential nomination, believes that his state ought to serve as an example for the rest of the country. Add an asterisk for inflation. According to the most

The Sunshine State is officially America’s inflation hotspot

Rising inflations costs in FL: South Florida shoreline – Courtesy: Shutterstock – Image by pisaphotography Florida, where housing costs are consistently out of control, is currently the inflation hotspot in the United States. With a 9 percent inflation rate for the year that ended in April, the Miami-Fort Lauderdale-West Palm Beach region has the highest

Homeowner insurance rates in Florida are four times higher than the national average. That is not likely to improve any time soon.

Property Insurance Market – Courtesy: Shutterstock – Image by Alexander Raths On Thursday, the hurricane season officially begins. However, no matter how many storms Florida experiences this year, individuals there are already having difficulty finding homeowner’s insurance. In Florida, there is hardly any presence of national insurers. More than half of the market in the

South Florida’s housing market is freezing out potential buyers who can’t compete with investors

South Florida – Housing Market – Courtesy: Shutterstock – Image by pisaphotography In South Florida, home prices continue to surge. The housing market trend has left several homebuyers either unable to find properties or in an all-out bidding war. “I’ve been looking for a home for about two years, it has been a very difficult

Florida’s Real Estate Woes—How soaring homeowner insurance costs may affect buyers market

Courtesy: Shutterstock – Image by alphaspirit.it Just when it seemed like the Florida housing market was in a promising sweet spot for prospective buyers, insurance executives have reason to believe the property insurance market is casting a large shadow that may draw homeowners elsewhere. The COVID-19 pandemic created a single-home and condo buying surge in