Florida Housing Market: A Shift Towards Stability

Floridas Real Estate Market: A Shift from Boom to Moderation - A real estate expert, Ms. Sykes, discusses the contrasting housing trends in Florida and the Northeast. While the Northeast sees bidding wars, Florida experiences a slowdown, with home prices falling by 5.4% year over year. This decline is mainly due to a surplus of older condominiums requiring costly upgrades. However, single-family homes maintain their value better. Ms. Sykes views this as a moderation rather than a collapse, signaling a move towards a more sustainable market in Florida.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.