How New Insurance and Closing Costs Are Reshaping Florida Purchases in 2026

January 10, 2026

It's no secret that Florida's real estate market is going through a shift, and this will undoubtedly affect the way you go about things, whether you're a buyer or a seller. Closing costs often represent a point of contention when they're not distributed properly, so it's definitely crucial to go into the process knowing how much money is in store aside from the down payment.

Real Estate Trends To Look Out for in 2026

Just by looking at the local market as it stands today, we can discuss some likely trends that will surge over the course of 2026. Some of them might be detrimental in terms of affordability, but there are silver linings to look forward to.

• Steady mortgage rates: As stated in an article by Florida Real Estate Wire, mortgage rates in 2026 are predicted to stay within their current range, potentially drifting from 6.2% to 5.9%. On the one hand, this offers more possibilities during negotiations on sale prices, but it could easily lead to a wide range increase of property costs.


• Fluctuating demands among potential buyers: Despite the changes in the market, demand has remained steady, attracting people from different states and even other countries, many of them looking for new job opportunities and/or a booming community where to settle down. A notable result of the cooling market is fewer first-time buyers, partly due to the appeal of renting as a way to sidestep growing market costs. Many rentals offer more flexibility when it comes to accommodations and payment rates, which can be a relief for those living on their own for the first time. There's also a rise of cash buyers in certain parts of Florida, signaling the rise of new standards in the closing process.


• Shifting prices across different parts of Florida: While areas like Miami and Jacksonville had remained popular among potential homeowners, there's no denying that inventory is a pressing factor for many agencies. In areas where there's a growing number of unsold houses, companies and sellers might be more flexible, lowering the prices and giving buyers more power during the negotiations. This knowledge comes in handy when it comes to the separation of closing costs.


• New insurance laws: The year started with the passing of several laws that directly impact property insurance and Florida residents, in general. Laws like House Bill 459 and Senate Bill 7052 aim to streamline the resolution of disputes and improve transparency when it comes to reports, policy changes, etc.
  
  Regarding laws affecting the purchase process, Florida Governor Ron DeSantis announced significant statewide insurance rate relief for Florida homeowners. Under the approved rates, policyholders statewide will receive a premium decrease, with a statewide average reduction of 8.7%. Over 330,000 policyholders across all 67 counties will see rate decreases, and more than 150,000 policyholders will receive reductions of 10% or greater.

Let Us Assist Your During Your Florida Purchase

The housing market is changing, but this doesn't have to make things harder for you if you're a potential buyer. Economists are hopeful about the gradual stabilization of the market, and the new reforms regulating insurance policies are also expected to pay off in terms growth.

From the county where the property is located to your ideal insurance plan, many things come into play, so the new landscape could be the key to the perfect purchase. If you have big plans for 2026, namely the purchase of a new house in Florida, finding a reliable title company is essential. Key Title & Escrow has earned its place as one of the most renowned services in Florida because we offer, in one place, all the assistance you need for a successful closing. Among other things, you can count on our specialists to help you find the best insurance coverage depending on your budget and priorities. We also oversee the closing process so you don't have to worry about any mistakes during the distribution of closing costs.

Contact Key Title & Escrow, and you'll never be the last to learn about new developments in the real estate industry. Our staff provides efficient services while keeping an eye on the latest industry trends.

Feel free to call (305) 235-4571 or toll-free at (800) 547-0006 to get more information straight from our representatives. Also, you can get in touch with us via the website's contact form. Key Title & Escrow helps you stay on top of your closing costs, so you can sail through the process without issues!