South Florida's Reversed Pandemic Property Boom
South Florida's pandemic property boom has now reversed, leading to a flooded real estate market with desperate homeowners rushing to sell due to soaring costs and vanishing buyers. The region's housing market is struggling with skyrocketing HOA fees, insurance premiums, and other challenges, resulting in an increase in listings and a decline in demand.
Key Points
- Number of homes for sale quadrupled since 2022
- Residents spooked by rising costs and risks
- Florida's housing market facing challenges due to various factors
- Real estate investors are bailing on Florida
- Top metro areas in Florida at risk of a housing market crash in 2025
Cons
- Surging costs and vanishing buyers leading to panic selling
- Soaring HOA fees, insurance premiums, and property taxes
- Aging infrastructure and environmental threats affecting the housing market
- Stricter building regulations following the 2021 Surfside collapse