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“The improve in buyers will also increase competitors, and that often drives up costs or a minimal of reduces the alternatives for negotiation we now have seen prior to now few months,” he mentioned. Dutch Mendenhall, creator and founding father of Radd Companies, added another layer to the worst-case scenario. “Florida leads the nation in house insurance coverage prices, where 20% of householders pay over $4,000 annually. Such rising costs of residing, combined with the squeeze of excessive inflation and development prices, could squeeze a couple of consumers out of the market,” he mentioned. If interest rates have been to go up, that would additionally spell dangerous news.