Why The Governor Can't Stop The $5,000 Insurance Bill From DESTROYING Florida!

The Insurance Crisis Destroying Florida's Housing Market

Florida's governor, who once oversaw a real estate gold rush, is now in a full-blown panic. Buyers are fleeing. Homes are languishing, unsold. Prices are spiraling downward for the first time in years. The official story blames rising mortgage rates, but the quiet detonation is the state's insurance catastrophe: $5,376 average premiums, double the national rate. It’s what’s destroying the market. How did the governor never see this coming? And just how far could Florida actually fall? We have to look back at the moment the boom first became this bust. ... By May 2025, the median home price in Florida had dropped to $415,000. That’s down 2.7% year-over-year, while 225,020 homes just sat on the market—more than any time before the pandemic. This entire collapse came after years of unbelievable growth, like the 222,100 new residents in 2022 and home values almost doubling between 2012 and 2022. The data shows exactly why it happened. Insurance premiums averaging $5,376, more than double the national average, caused insurers and buyers to run for the exits. Over $200 billion in hurricane damage in 3 years, combined with tough new building rules and crushing condo assessments, just sped up the crash. But we still don't know how state policy will fix insurance access and climate risk, or if people will ever move here again. As of mid-2025, the truth is obvious: Florida's real estate market is facing historic challenges that are fundamentally changing what it means to live and invest in this state.

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