Monday, May 19, 2025

Florida Home Prices Drop as Climate Risk Adds to Costs

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.

Posted by lamplighter at 09:33 PM | 14 COMMENTS | permalink

Comments

More from the article...

... Sky-high insurance rates and condo fees, stemming in part from extreme weather, are weighing more heavily against the benefits of year-round sunshine and zero income tax, complicating an already tough situation with borrowing costs.

The climate cost burden on state homeowners isn't likely to ease soon. "This is a non-cyclical phenomenon," said Jesse Keenan, a real estate professor at Tulane University who focuses on climate adaptation. "This is resetting the baseline values of housing in Florida." ...


#1 | Posted by LampLighter at 2025-05-19 01:28 PM

Florida Home Prices Drop as Climate Risk Adds to Costs

Sounds like some peeps are falling for the hurricane destruction hoax.

All good MAGAts should move to Florida so they can pay homage at Mar-A-Lardo every day, and twice on Sundays because he is their Orange Messiah. And also spit in each others mouths, because they know that COVID is also a trick of the SIC (Science Industrial Complex).

#2 | Posted by censored at 2025-05-19 03:54 PM

Multiple insurance companies have already pulled out of Florida. Expect more to follow them to the exit door.

Secondly, most of our soft wood (2x4s) is imported from Canada. Tariffs on building materials will raise the price insurers will have to pay for repairs, further increasing premiums ... if even more insurers don't pull out after actuaries figure it simply doesn't make sense to insure in Florida.

(And who knows what will happen to dental insurance premiums once the negative effects of banning fluoride in drinking water are implemented)

#3 | Posted by AMERICANUNITY at 2025-05-19 11:11 PM

And when a massive hurricane blows into Miami, crosses to the Gulf, then reverses course and goes back over Florida...the devastation will be paid for by those people who invested in Florida real estate, and Trump.

#4 | Posted by Hughmass at 2025-05-20 07:18 AM

who knows what will happen to dental insurance premiums

#5 | Posted by Nixon at 2025-05-20 09:20 AM

LOL yeah this is talked about every year but has never actually happened. More and more people are still moving here, more and more building is occurring. houses don't sell for a variety of reasons, some people drop prices because they're trying to get more than their house is actually worth. Nevermind Bidens high interest rates that have made houses everywhere unaffordable for most people.

States with the Highest Population Growth (2020-2024):
Florida: Experienced the largest percentage increase in population, growing by 8.2%.
Idaho: Also saw a significant population increase, growing by 8.2%.
Texas: Grew by 7.0%.
South Carolina: Experienced a 6.8% increase.
North Carolina: Grew by 5.7%.

#6 | Posted by THEBULL at 2025-05-20 09:31 AM

Help me out here.
If "Biden's high interest rates" (complete --------, by the way to call it that) are responsible for making "houses everywhere unaffordable for most people," then wouldn't that be true for these southern redneck states too?

Both of your wild claims cannot be true simultaneously.

#7 | Posted by e1g1 at 2025-05-20 10:19 AM

@#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. ...



#8 | Posted by LampLighter at 2025-05-20 11:58 AM

Seen on a billboard with a giant picture of DeSantis: "It isn't the humidity, it's the stupidity"

#9 | Posted by AMERICANUNITY at 2025-05-20 02:17 PM

Nominee Ron DeSantis Charlie Crist
Party Republican Democratic
Running mate Jeanette Nuez Karla Hernndez-Mats
Popular vote 4,614,210 3,106,313
Percentage 59.37% 39.97%

#10 | Posted by THEBULL at 2025-05-20 06:43 PM

@#16

Got a date for that, and a link?

#11 | Posted by LampLighter at 2025-05-20 06:53 PM

#7 E1G1, I think he meant Jill Biden's high interest rates, so it's probably accurate.

#12 | Posted by kwrx25 at 2025-05-21 10:23 AM

houses don't sell for a variety of reasons, some people drop prices because they're trying to get more than their house is actually worth.

#6 | Posted by THEBULL

Houses don't sell because no one is buying them for the price offered. It's that simple.

A single house? Maybe an anomaly. A huge number of houses? A trend.

Florida refuses to fix the insurance issues.

#13 | Posted by Sycophant at 2025-05-21 11:24 AM

States with the Highest Population Growth (2020-2024):
Florida: Experienced the largest percentage increase in population, growing by 8.2%.

#6 | Posted by THEBULL

Florida's population grew about 450,000 people in 2024.

8 out of every 9 of those people were from OTHER COUNTRIES.

Wonder how Trump's magic might affect that...

#14 | Posted by Sycophant at 2025-05-21 11:28 AM

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