[Lillie767]

Those of us who live here already knew this anecdotally, but here are the official results.

"Florida is America's inflation hotspot, thanks to a persistent problem with sky-high housing costs.

The Miami-Fort Lauderdale-West Palm Beach area has the highest inflation rate of metro areas with more than 2.5 million residents, with a 9% inflation rate for the 12 months that ended in April.

That's more than double the national average of 4%, according to data from the Consumer Price Index. The Tampa-St. Petersburg-Clearwater metro had the third-highest inflation rate in the country, at 7.3% for the year ended in May."

https://www.wptv.com/news/state/flor...lation-hotspot

[Lincolnian]

The housing prices in south Florida appear to have peaked. There are many houses/condos just sitting on the market now. Many sellers are still hoping to sell for top dollar but they are now trying to sell in a market that that is considerably different than last year when the prices reached their highs. Tight inventory still prevails in many parts of the country but that is not the case in many areas of south Florida since many of these homes are second homes. Interest rates have risen substantially yet asking prices have not adjusted accordingly. It is just a matter of time before prices start to fall.

[FL_Expert]

This has been the case. Tampa had the highest inflation nationally for awhile.

[Corrie22]

just so I'm clear on the concept here.....

if Florida's housing market crashes...

...these same 'news' outlets....and blaming DeSantis

Florida is booming....while people all over the country are losing equity in their houses

...people in Florida are banking it

[Ghaati]

Hm. Can't blame the libs for this, since it's the GOP who runs this state, and mostly Republicans who vote for them. Can't blame northerners, since it's Floridians who run this state. Can't blame snowbirds, since snowbird season is less than half the year. Who can we blame for this?

[Corrie22]

...rich yankees

[Lillie767]

Originally Posted by Corrie22

...rich yankees

And they play at George M. Steinbrenner Field in Tampa.

[MOforthewin]

Talking inflation lets minus the insurance and housing cost.

Gas and retail products seem to cost more as well than other nearby states.

[Maddie104]

Originally Posted by Corrie22

...rich yankees

Imagine how the American Indians felt.

[kidyankee764]

Originally Posted by Lincolnian

The housing prices in south Florida appear to have peaked. There are many houses/condos just sitting on the market now. Many sellers are still hoping to sell for top dollar but they are now trying to sell in a market that that is considerably different than last year when the prices reached their highs. Tight inventory still prevails in many parts of the country but that is not the case in many areas of south Florida since many of these homes are second homes. Interest rates have risen substantially yet asking prices have not adjusted accordingly. It is just a matter of time before prices start to fall.

I’d be curious to see the stats on this. A coworker’s house in Coconut Creek just sold at that all time high price within 24 hours. We have an investment property in Oakland Park and homes there are selling at price points of 400+ per square foot. It has slowed a bit but the prices haven’t taken the dive I expected them to.