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✉news BusinessReal Estate first seen 11 h ago, last 4 h ago, peak #10

Florida Loses Its Edge as Migration to Miami Drops Sharply

Original: Florida's Affordability Advantage Is Gone: Inside the Sharp Drop in East Coast Migration to Miami

Florida's long-running affordability advantage over the Northeast has effectively disappeared, and migration from the East Coast to Miami has fallen sharply as a result. Rising home prices, insurance costs and living expenses have eroded the price gap that once drew buyers south, leaving the city's real estate market and population growth facing a notable slowdown.

Why now: Housing costs in Florida have risen to near Northeast levels, reversing a key driver of the pandemic-era migration boom.

FloridaMiamiRealtor.com

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