Florida Housing Market Warning

  • 📰 Newsweek
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 52%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Skyrocketing homeowners insurance premiums might be playing a role in the rising number of Florida foreclosure filings.

Florida reported the third-highest number of foreclosure filings in the country between January and March, according to a recent report from property and real-estate data research firm ATTOM.Read more: What Is Mortgage Refinancing?Foreclosures have been rising nationwide in the first quarter of 2024, with a total of 95,712 homes with a foreclosure filing. This is up 6 percent from the previous quarter and 22 percent, compared to a year earlier.

Read more: How Much Equity Do You Need for a Mortgage Refinance?Orlando saw a 28 percent increase in foreclosure filings compared to a year earlier, for a total of 1,403; Tampa experienced a 21 percent increase, for a total of 1,426 foreclosure filings; and Miami a 19 percent increase for a total of 3,011.Premiums have risen by 102 percent in the past three years and are now much higher than the national average premium, according to the Insurance Information Institute, or Triple I.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 468. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

'Crisis' Warning Over Housing Market AffordabilityStudy suggests cities could be misguided in their approach to urban and suburban housebuilding.
La source: Newsweek - 🏆 468. / 52 Lire la suite »

Housing Market Suffers More Bad NewsPending home sales plunged nearly 8 percent, according to the National Association of Realtors.
La source: Newsweek - 🏆 468. / 52 Lire la suite »

The mayor of America's top real estate market explains how it flipped the housing scriptLong gone are the underwater mortgage days Rockford, Ill., whose mayor is explaining how the Midwestern city is now the top real estate market in the country.
La source: FoxBusiness - 🏆 458. / 53 Lire la suite »

Rural Home Buyers Break From America's Housing Market TrendAccording to lending data, the share of USDA home loans, aimed at helping rural buyers, ticked up for the week ending May 24.
La source: Newsweek - 🏆 468. / 52 Lire la suite »

Realtors 'Running Out of Money' as Housing Market StrugglesElevated prices and high borrowing costs for home loans have depressed demand for homes.
La source: Newsweek - 🏆 468. / 52 Lire la suite »