"Florida Real Estate Developer Calls Out Government Shutdown's Outsized Risk During Federal Flood Insurance Program Expiration"
"Florida's real estate market faces a major setback as Congress fails to renew federal flood insurance program by Sept. 30 deadline."
As the government shutdown looms, Florida's real estate market is facing a potentially devastating blow. The National Flood Insurance Program (NFIP), which covers nearly 1.8 million Florida policyholders, is set to expire on September 30 if Congress fails to act. This could have serious consequences for the state's high-risk coastal zones, where mortgage lenders require flood insurance for all closings.
The clock is ticking for lawmakers to reach a deal and keep the government funded, but the impact on Florida's real estate market could be significant. According to the