Florida Housing Market Faces Challenges Amid Climate and Insurance Woes

Douglas McIntyre, Editor-in-Chief at Climate Crisis, highlights new research from Redburn showing that Florida homes are staying on the market longer, especially in cities like Miami, Orlando, and Tampa. Key factors include the impact of hurricanes, rising insurance costs, and difficulties securing insurance for both current and potential homeowners. With data indicating increasing reluctance to settle in Florida, migration trends might shift as more people consider moving northward.