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Florida Housing Market 'at Risk' in 13 Different Cities

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The Sunshine State is 'the epicenter' of a mismatch between supply and demand, according to a recent study.

Thirteen out of the 15 housing markets at the highest risk of a home price correction in the coming months, according to a recent Parcl Labs study, are in Florida, where new inventory has been flooding in.Read more: How to Calculate How Much House You Can AffordThe Parcl Labs' team, which delivers real-time housing market data, analytics and research, analyzed around 1,000 U.S. housing markets to identify early signs of market stress that could lead to price drops.

Read more: How Much Is My House Worth? How to Determine Your Home's ValueIn Florida, the widespread possibility of remote work led to an influx of people moving from out of state chasing warm weather, sunny skies and cheaper taxes. The end of the health emergency and businesses' eagerness to get their workers back in the office meant a sudden slowdown in arrivals, as well as the departure of some of those who had already migrated to the Sunshine State.

 

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