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Florida’s housing affordability crisis is reaching a breaking point

Housing Wire

Florida’s long-standing reputation as America’s affordable sunshine paradise is rapidly dimming under the weight of skyrocketing housing costs, unsustainable insurance premiums and crumbling infrastructure, according to a new report from real estate analytics firm Cotality. ”

Insurance 425
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To emphasize flood insurance costs, senator cites reverse mortgage borrower

Housing Wire

With flood insurance premiums commanding ever-higher prices, a U.S. senator recently described a hardship faced by a constituent who endured challenges with higher flood insurance costs while keeping a reverse mortgage in good standing. That’s on top of what they pay for homeowners insurance.” Bill Cassidy (R-La.).

Insurance 448
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The great contradictions of the real estate market moving into 2025

Housing Wire

Yet ‘renting by choice’ is also on the rise as it offers flexibility, less financial commitment, and freedom from the burdens of property taxes, maintenance, and insurance. In Florida, rising insurance premiums tied to natural disasters like hurricanes can make homeownership more of a liability than an asset.

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Mortgage rates are plummeting, but will sales grow?

Housing Wire

So it’s no surprise that home sales over the last two-plus years have been at some of the lowest levels in modern history. Other holding costs for real estate include taxes and insurance. In particular, insurance can be a significant portion of monthly payments. Each state regulates its insurance markets differently.

Mortgage 468
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Real estate newsletters: The ultimate playbook (+ 49 topic ideas & subject lines)

Housing Wire

” “From Primary Residence to Rental: Your Conversion Guide” Maintenance & homeownership “Your [Season] Home Maintenance Guide” “Smart Home Upgrades That Actually Save You Money” “The Ultimate Guide to Choosing Home Insurance” “DIY or Call a Pro?

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Affordable housing inventory is limited due to foreclosure prevention efforts

Housing Wire

The monthly house payment to buy a renovated foreclosure — assuming a 5% down payment, the going 30-year fixed mortgage rate at the time of sale and including property taxes and insurance — represented just 20% of the median family income in the surrounding Census tract. This also raises the properties and neighborhoods values.

Inventory 435
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Servicing Tech ROI Circa 2024 (Including AI)

Appraisal Buzz

Fortunately, modern servicing technology can automate manual processes and use data and AI to save money across the entire loan lifecycle—all while delivering better experiences to your servicing teams and borrowers. In short, cost advantage is pricing advantage. Every basis point matters in mortgage servicing.