Florida Housing Market Doing Something ‘Unusual’ in Multiple Cities
Several Florida metro areas saw a slowdown in new-home sales this spring, with rising inventory, weaker prices and more buyer incentives, according to John Burns Research and Consulting. Higher mortgage rates, insurance costs and HOA fees are limiting buyers’ purchasing power, while an oversupply of spec homes has created steep competition among builders. Despite current challenges, experts say Florida’s long-term job and population growth could present strong opportunities for investors once the market rebalances.
