Florida Real Estate Market Despite high rising mortgage rates for the last year, home sales in Florida have been relatively strong. Florida home prices too have risen to record heights. In July however, the Fed rate rises are beginning to take a bite out of the Florida housing market. Both Florida Realtors and Redfin report…
How Far Will Florida Home Prices Fall? Hurricane Ian may become the 5th most expensive hurricane in US history. Although smaller in size, it packed sustained 150 mph winds and big storm surge to overwhelm neighborhoods in the Port Charlotte, Fort Myers and Naples region on Wednesday. Southwest Florida had a wonderful 30 year growth…
Florida Real Estate Forecast Part 2 Continued from Part 1 Contrast Florida home prices with those in California or New York, and combine this with the favorable tax situation here, and Florida might be the right opportunity for buyers who otherwise couldn’t make it happen. The plight of the tourism sector will at least keep…