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Mortgage struggles on the horizon as Florida home insurance problems continue – H2 News

Posted by Christopher Lazaro on February 10, 2024
Real Estate & Mortgage News
0

The ongoing home insurance crisis in Florida may lead to a downturn in the real estate market and mortgage struggles. Major insurers have stopped selling new policies in the state, leading to residents paying the highest premiums in the US. The high cost of insurance could make it harder to obtain mortgages, impacting the housing market. Additionally, extreme weather events and growing climate change risks are exacerbating the situation.

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