Part 5/8:
A narrative has emerged suggesting that post-election confidence will spur increased real estate activity; however, many consumers are likely to exercise caution. The ongoing high-interest rates and rising costs necessitate a more tempered approach to purchasing decisions.
The Changing Face of Demand
Although Florida experienced a migration boon during the pandemic, recent observations reveal a tapering off of that demand. Many individuals and families who were drawn to the state are now reassessing their choices in response to shifts in employment availability, living conditions, and rising costs associated with housing.