A new study finds the median age of a single-family home in South Florida is 39 years old. That's slightly lower than the national median of 41, according to research firm Construction Coverage.
Tom Hudson, senior economics editor for WLRN, said knowing the age of a home is important for two reasons. "First, older homes tend to be more expensive to insure since they may not have all the updated protections," Hudson said. "Second, the median age indicates fewer new homes are being built, adding to the affordability challenges."
[
add
]
[
|
|
...
]