Florida’s Housing Boom Shows Signs of Waning: Is Governor DeSantis to Blame?

The housing boom in Florida that attracted millions of home seekers during the pandemic is now showing signs of slowing down, with home values in the state flatlining for the first time since 2011. The decline in affordability, soaring mortgage rates, and insurance premiums are some of the factors contributing to this trend.

One real estate agent in Tampa suggested that Florida Governor Ron DeSantis’ public stance against woke politics could also be a factor in the housing market’s decline. While DeSantis’ anti-lockdown policies were once attractive to new residents, his recent political moves may be driving potential homebuyers away.

Despite the cooling housing market, some of the most luxurious properties in Florida are still up for sale, including a $85 million mansion in Miami’s exclusive Indian Creek neighborhood. Other multimillion-dollar estates in Miami Beach and Ocean Blvd are also available for those looking for opulent living.

As the housing market in Florida shifts, it will be interesting to see how the state’s real estate landscape continues to evolve in the coming months.