Florida’s Home Insurance Crisis Causes Collapse In Prices

Douglas McIntyre, Editor-in-Chief at Climate Crisis, outlines Florida’s growing home insurance crisis. With some areas seeing 5% of homes deemed uninsurable, residents are unable to secure mortgages, which typically require insurance. This lack of accessibility leads to declining housing demand, population loss, and plummeting home prices. The uninsurability trend could severely impact Florida’s housing market if it continues to spread.