Local Markets Archives

Surging insurance premiums and HOA fees slow down Florida’s Housing Market

Average yearly home insurance premiums in Florida surged to over $4,231 in 2022 from $2,165 in 2020, according to data from the Insurance Information Institute (Triple-I). Furthermore, they climbed by an additional 42% in 2023, solidifying Florida’s position as the state with the highest homeowner insurance premiums. Forecasts suggest double-digit increases for 2024.

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Why Homebuyer Interest is Shifting to the Northeast and Midwest

Who Owns Mortgage-Free Homes and Where?

Local Markets

While everyone’s buzzing about those lucky homeowners with ultra-low mortgage rates, millions of homeowners are quietly celebrating a different kind of financial freedom: ditching their mortgages altogether! That’s right, 40% of owner-occupied homes in the US are now mortgage-free.

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Photo: Aerial view of homes in Fort Myers, Florida

Cape Coral – Fort Myers Housing Market After Hurricane Ian

Local Markets

Hurricane Ian, a Category 4 storm, struck in September 2022, causing extensive damage to over 30,000 homes in the Fort Myers area. As a result, numerous residents were compelled to vacate their homes and are now confronted with the challenging process of reconstruction or renovation.

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