At a glance
Florida emerges as epicenter of housing collapse as homeowners hit by triple blow of rising rates, insurance costs, and property values. Nation faces largest foreclosure wave since 2008.
Florida has emerged as the epicenter of housing collapse as homeowners face a triple pressure: rising interest rates, climbing insurance costs, and falling property values. Experts are warning of the largest foreclosure wave since 2008. The pattern is particularly acute in states with high exposure to climate risk and rising insurance markets, where the cost of staying in a home can quickly exceed its market value.
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