We have growing concerns over how things will shape out on the residential market in Florida, and what it means for landlords and investors. Housing and rental costs are becoming more of a factor in and well beyond Florida. However, the recent hurricanes and the resulting damage are only starting to have an impact on rising insurance costs. The political climate, supply chain issues, and rising materials costs, are adding to the mix.
Some people are choosing to leave while we have the expected influx of people relocating entirely to Florida to begin retirement and/or escape the cold weather in the northern part of the country. Now we are seeing that weather patterns are having an impact on decisions being made, especially when it comes to new construction or rebuilding.
These factors all add to the need for solid research before making important decisions. Sometimes it's based on the goals of the home buyer, landlord, or investor. It is quite likely that the same opportunity could be a "pass" for one person and a solid one for the next person.
The article linked below gives some input as to how some people are approaching this. Just like with anywhere else, having the best possible and most current research can make or break a real estate opportunity. If you haven't already, you can put my 30+ years of experience on your team, whether to perform the research or train you on how to perform your own!
https://www.wuft.org/business-news/2025-02-12/will-climate-change-dampen-demand-for-florida-residential-real-estate
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