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Florida homeowners are struggling with massive spikes in insurance cost. Especially in a housing market like Miami. The average cost of property insurance in Florida is now over $11,000/year. Which is causing many homeowners to be forced to sell their properties. As a result - homes for sale on the Florida housing market is rising fast in 2024, particularly in metros like Miami, Tampa, and Orlando. Another issue plaguing Florida is overbuilding. Apartment developers went crazy permitting new luxury apartments during the pandemic, and now there is a big spike in vacant deliveries into Miami's apartment market. Many of the luxury apartments are sitting empty and some are cutting rent. --- REVENTURE APP: https://www.reventure.app Access Exclusive Data and Videos as a Channel Member: / @reventureconsulting DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Neither Reventure Consulting or Nicholas Gerli are registered financial advisors. Your use of Reventure Consulting's YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Reventure Consulting does not establish a formal business relationship. Image(s) and/or Footage used under license from Shutterstock.com. https://www.shutterstock.com/ Additional stock footage provided by Envato Elements. https://elements.envato.com/