Florida's pandemic housing boom ends as home prices soar and inventory dwindles.

Florida's housing market boom during the pandemic has come to an end, with home values flattening and affordability declining due to soaring mortgage rates and insurance premiums. While Florida's lack of a state income tax and anti-Covid lockdown policies were once attractive to homebuyers, Governor Ron DeSantis' recent run for the White House and public push against woke politics could be driving clients away. Despite the decline, some of the most expensive and opulent homes in Miami are still on the market, including a $85 million mansion in the exclusive Indian Creek neighborhood and a $77 million lakefront estate with a private yacht dock.