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🏠 Are Homes in Florida Now Affordable? 🏠

The buzz about a housing market crash in Florida has raised questions about affordability. So, let’s clarify:

Are there good homes at affordable prices?
While home prices have stabilized or even slightly decreased in some areas, like Tampa (-0.4% YoY) or Miami (+3% YoY), they’re far from "crash" levels. Good homes in desirable areas remain competitive, and affordability depends heavily on income, interest rates, and local demand.

What about the "crash"?
A severe crash would mean significant price drops across the board, but that’s not what’s happening. Instead, we’re seeing a cooling market, with prices adjusting after years of rapid growth.

If you're looking for affordability, it depends on what you’re comparing to. While Florida might not be the bargain it once was, it’s still more affordable than other states for many buyers.

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