Category: Uncategorized
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Climate Crisis Triggers Dangerous Domino Effect
Progressive Insurance and State Farm are pulling insurance coverage for homes in Florida and California due to climate-induced disasters, leading to increased premiums and policy nonrenewals in the US. Insurers are profiting from premium hikes, reinvesting in fossil fuels, worsening the climate crisis. This insurance crisis threatens housing affordability, forcing homeowners to leave or face…
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How Much Is Renters Insurance in Florida? | Brought to you by The Cantrell Team
The avg cost of renters insurance in Florida is $321/yr, or $27/mo. Renters insurance in Florida costs $9/mo more than the national avg, which is $18/mo.
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Florida Housing Market 5-Yr Forecast | Brought to you by The Cantrell Team
Home values will rise steadily but slowly. Inventory will grow, easing competition.
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Top Cheapest Cities to Live in Florida | Brought to you by The Cantrell Team
Lake City: – Cost of Living: 16% below national avg – Median Home Price: $247K – Rental Price Range: $650 – $3,295 Deltona: – Cost of Living: 16% below national avg – Median Home Price: $301K – Rental Price Range: $1,249 – $3,800
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Almost Everyone Makes These 5 Home-Buying Mistakes | Brought to you by The Cantrell Team
Neglecting maintenance costs can lead to financial strain, with unexpected repairs averaging $500 to $600/mo. Rushed purchases risk overlooking crucial factors like location noise and crime rates, causing potential regrets later on.
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Getting a mortgage at a young age
If you're young and considering buying a home, ensure you're financially prepared. Factors to consider include credit history, employment stability, future plans, and potential assistance programs. It's essential to assess your readiness and make informed decisions before taking the leap into homeownership. Continue to full article
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First-Time Home Buyers Need a 6-Figure Income in Florida | Brought to you by The Cantrell Team
Due to current market trends, the path to homeownership for Millennials and Gen Zers requires careful financial planning.A Bankrate study found Americans need a 6-figure income to afford a mid-priced home.
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Florida Considers Zoning Reform for More Homes | Brought to you by The Cantrell Team
Experts are exploring zoning reforms to allow for more housing options, including accessory dwelling units (ADUs) like in-law cottages.This could allow developers to build more homes on less land, potentially increasing housing supply.
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Keep More of Your Money: Florida’s Low Tax Advantage | Brought to you by The Cantrell Team
A recent study identified Florida as one of the states with the lightest tax load for its citizens. This means residents keep a larger portion of their income compared to most other states.
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How much can you save by shopping for a mortgage?
Shopping for a mortgage loan in the current high-rate environment could yield significant savings. With rates nearly at 7%, potential savings could range from 0.50% to 1%, which could equate to tens of thousands of dollars over the loan's lifespan. Approaches to save include obtaining quotes from various lenders, requesting rate matches, and collaborating with…