Florida's housing market is experiencing a sharp downturn in 2024 as a surge in inventory and weakening homebuyer demand weigh heavily on prices. The combination of rising mortgage rates, inflationary pressures, and a cooling economy has led to price drops in many regions across the state. Economists predict further declines in 2024 and 2025, especially in these major cities that we cover in this video as market corrections take hold. If you're looking to understand the shifting dynamics of Florida's real estate, this is a crucial update for investors and homeowners alike.

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