Florida's housing market downturn has eased recently, with some areas showing mild month-over-month price gains. The correction's intensity has lessened due to reduced overvaluation, slower speculative building, and sellers waiting out declines. Factors like slowed migration, stricter condo safety rules, hurricane damage, increased new construction, and rising home insurance costs contributed to the earlier price drops. Southwest Florida still shows the largest declines, with some homes down over 15% from 2022 peaks.
With the recent changes to lending rules, Florida’s condo market is seeing a significant shift.…
After more than 30 years navigating Florida’s dynamic real estate landscape, I’ve seen how market…
A shift in consumer confidence is underway: by mid-Q3, Americans felt more optimistic about current…
After over three decades working closely with buyers and sellers, I’m seeing a notable shift:…
July brought another month of steady momentum for Florida real estate, marking the 11th consecutive…
Florida is considering significant property tax changes that could impact homeowners and investors alike. A…