Florida's housing market was once red-hot. Now it's one of the coldest in the country. [View all]
During the pandemic, Southern housing markets — especially Florida's — boomed as record numbers of people moved to the region for its lower cost of living and relatively affordable homes. However, Bankrate's 2025 Housing Heat Index shows that the trend is now reversing.
Jeff Ostrowski, Bankrate's housing market analyst, told Business Insider that the Sun Belt has lost its edge as buyer demand fades and home sellers slash prices.
"During the pandemic, Northeasterners were fleeing for the Sun Belt, but that trend has slowed and even reversed," Ostrowski said, adding that in the North, "there's just not a lot of inventory, and with limited choices, buyers are bidding up prices."
The research team at Bankrate analyzed 212 metros in the US, considering factors such as the year-over-year appreciation of home values — the most heavily weighted factor at 40% — along with employment levels, job growth, population trends, homes listed for sale, and typical selling times.
https://finance.yahoo.com/news/floridas-housing-market-once-red-121901457.html
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