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Rising insurance premiums added to the cost of homeownership, potentially affecting affordability. South Floridas condo market faced challenges due to rising insurance costs and climate concerns, especially in flood-prone areas. increase in newlistings with both categories combined.
New owners here spend an average of $232.5K on first-year costs, including a 20% down payment, closing costs, monthly mortgage, insurance and property taxes. The few homes that are available are selling quickly and at or above list price.” fewer newlistings, the number of sales rose 1.7% While there were 5.8%
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