Hurricane season is well underway, which means homeowners along the Gulf of Mexico and Atlantic coast are (hopefully!) prepared for the possibility of fierce storms hitting their homes. But it looks like climate change’s impact on hurricanes means people beyond this area may see more named storms.
Florida regularly sits near the top of the list when it comes to home insurance costs. The average annual premium in the state is well over $2,000, and now Florida homeowners insurance rates are going up﹘thanks in part of a 1.3 percent assessment recently approved by the Florida Insurance Guarantee Association (FIGA) and the Florida Office of Insurance Regulations.
Interest rates may be going up, but they're still lower than previous year. That combined low housing inventory is pushing demand up, making the competition for available homes fierce. Will that pattern continue? We looked at experts’ housing market predictions for 2022 to see what’s in store.
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