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Rising insurance costs, ample inventory create a unique market in Southwest Florida

Housing Wire

In the nearby metro area of Cape Coral-Fort Myers , active single-family inventory over the previous 90 days averaged 6,500 listings as of March 15, above its March 2020 level of 5,044 listings and approaching its March 2019 level of 7,243 listings. Smith attributes the uptick in inventory to a bump in new listings.

Insurance 448
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2025 could be the last year of inventory shortage

Housing Wire

New listings To get a lot of homes on the market though we need some sellers. There were only 54,000 new listings of single-family homes unsold this week. There were another 10,000 new listings immediate sales which makes 64,000 homesellers. Unsold new listings amount to 4.8% Thats not a ton.

Inventory 488
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Will 2025 finally be a “normal” housing market?

Housing Wire

In Florida and Texas, we see the rising costs of insurance , taxes and climate risk driving some sellers. New listings on trend Nationally, there were just 31,000 new listings for single-family homes from the last week which included Thanksgiving weekend. Will that momentum continue into the spring?

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Tampa housing market comes to a halt as Hurricane Milton looms

Housing Wire

Data from Altos Research shows that new listings and pending home sales have fallen off a cliff since the storm’s formation. New listings in Tampa were at 775 on Sept. Additionally, the storm has prompted buyers and home insurers to hit pause. 27, but they’ve since dropped to 555.

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Zillow teams with First Street to provide homebuyers with climate risk data

Housing Wire

Zillow is partnering with First Street to provide users with data on a property’s risk levels for flood , wildfire , wind, heat and air quality through risk scores, interactive maps and insights into insurance requirements. It also provides home shoppers with information on wind, fire and flood insurance requirements. “At

Insurance 468
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Owning a condo in Florida is becoming less attractive: Redfin

Housing Wire

The cost of homeowners insurance has surged in Florida as insurance companies have grappled with significant losses due to an increase in natural disasters. And homeowners insurance costs are three times higher in Florida than the national average.

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After the waters recede: LOs, agents grapple with Helene and Milton devastation

Housing Wire

New listings and pending home sales data from Altos Research captured the housing markets around Asheville coming to a screeching halt. Rising insurance costs are a prominent concern for homeowners and potential buyers. There were 775 new listings in Tampa on Sept. 27, a number that has since shrunk to 555.

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