Florida Housing Market July 2023

With all of the click bait on high interest rates and housing bust, data still shows migration of people moving from high tax areas to lower cost of living areas. Many people are claiming that 7% interest will become the norm and housing pricing will start to increase again. Here is an interesting article from RedFin.

Tampa and St. Petersburg Florida have low inventory with prices gradually increasing across the area. This is the same in other areas along the Gulf Coast. Relocating from the tri-state area you will find that Gulf Coast home prices are affordable while the cost of living is also much lower.  Warmer climate allows for more outdoor activities and increases quality of life. 

The new homes have been constructed to withstand hurricane force winds and mitigate damage. Impact rated windows and doors, masonry exterior walls, and first floor living areas elevated well above the floodplain reduce storm damage. Click here for more info.

If you are interested in learning more about the area please contact us, we would be happy to answer any questions and we have a select few realtors who would be able to help you find your Florida home. 

Iridium Development Inc

561-597-0021