South Florida Real Estate Market Collapse
South Florida's real estate market, which boomed during the pandemic, is now facing a collapse with a surge in listings as homeowners rush to sell due to soaring costs and vanishing buyers.
Key Points
- Surge in listings in South Florida due to soaring costs and vanishing buyers
- Residents spooked by rising HOA fees and insurance premiums
- Stricter building regulations following the 2021 Surfside collapse contributing to the crisis
- Real estate investors are bailing on Florida as the property crisis worsens