Florida real estate prices are in decline again -- and this time, real estate experts say, the costs of living with climate change may deepen the down phase of the usual boom-and-bust cycle.
@#6 ... States with the Highest Population Growth (2020-2024) ...
The article is about the current situation, i.e., 2025, not the old data your current alias proffers.
Florida Housing Market Mirroring 2008 Crash"Real Estate Analyst
www.newsweek.com
... A real estate analyst has warned that Florida's housing market is facing a downturn which echoes the 2008 housing crash.
Analyst Nick Gerli, CEO of the app Reventure, posted a thread on X, formerly Twitter, in which he warned that reduced numbers of migration to the state, coupled with an oversupply of homes and record high prices, could "cause Florida's housing market to decline for an extended period."
Why It Matters
During the pandemic, many people flocked to Florida, prompting a flurry of investment into building new homes. Now, that trend has reversed, with far fewer people moving in, and many leaving.
This has coincided with oversupply of homes on the market, falling demand, and affordability issues for local buyers, leading to analysts warning that the housing market could be heading into a prolonged downturn. ...
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