"It needed to happen, or else we were going to price everyone out of the market," said Tony Barrett, president of the Realtor Association of Sarasota and Manatee. He calls the slowdown a "reset" rather than a down market. Credit: Raul Rodriguez/Adobe Stock

(Bloomberg) — Florida's southwestern coast — long one of America's fastest-growing regions — is losing some of its boomtown swagger as a home insurance crisis and other soaring costs make homes unaffordable.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.