Florida’s Housing Bubble Bursts as Home Values Stagnate – Is the Sunshine State Overpriced?
Miami, Florida – The housing market in Florida, known for its warm weather and low taxes, experienced a surge of Americans relocating to the state during the Covid-19 pandemic. However, recent data suggests that the housing bubble in Florida may have burst as prices stagnate and supply increases in some areas. According to a new report from Redfin, the west coast of Florida has seen a significant uptick in the number of properties on the …