It's a real WTF moment when I see articles like this wondering if housing has bottomed. It's so obvious that it's nowhere near bottoming from every single statistic and CEO quote that I use it as a litmus test for Bushbots here on FR.
The market here in St. Petersburg is like Antartica. Between the naturally cooling market, property taxes, and now house insurance, the market is dead as a doornail.
Last month after 13 years with no claims, we were cancelled by Nationwide. Just got a quote from Citizens (insurer if last resort) yesterday. Nowhere near waterfront or a flood zone.
Our insurance went from $3,800 to $13,758. Per year.
We, along with everyone else, can't afford to live here anymore, yet no houses are selling so we can't move.