Fewer people are moving into Florida in 2024 and this is causing the inventory of homes for sale on the Florida housing market to spike.
The reason fewer people are moving in is because it's become too expensive to live there. Home prices, rents, HOA fees, and insurance costs for Florida home and condo owners have skyrocketed. Making it less affordable and attractive to move to.
The result is that the real estate market in Florida is now in a bit of a downturn. With vacant units popping up everywhere - especially in a metro like Orlando.
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27 авг 2024