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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]OP, these are the types of areas that will see significant decreases in home values. This bubble was about low interest rates/FOMO. Even desirable areas with good public schools, jobs, and lots of UMC/UC people (like Central Florida) didn't see much of a net population increase during the pandemic. Prices are coming down even there. Florida real estate tends to have huge spikes then huge decreases.[/quote]

I used to agree with you, but if you look at the numbers, [b]there are like 1,000 people moving there every day[/b]. It’s not slowing down where I am and it won’t until the supply outstrips demand for housing. [/quote]

But that's been going on for a while. T[b]here still wasn't population growth even during the pandemic, and there's a very low population growth projected for the next 5 years. [/b]Anyway, prices have already decreased in Central Florida, even the desirable areas and homes sit on the market much longer than they used to. It's foolish to think that rising interest rates won't continue to affect home values.[/quote]

What? Population growth slowed during the pandemic, but it was still positive (unlike the DC & NY, which lost population).  It has since skyrocketed.

https://www.tampabay.com/news/2022/12/28/florida-is-fastest-growing-state-nation-census-estimates-show/

It’s not your imagination: People really are flocking to Florida.

The Sunshine State had the fastest-growing population in the country last year — the first time the state has taken the top spot since 1957, according to U.S. Census Bureau estimates released last week.

The nation’s third-largest state grew by 1.9% from July 2021 to July 2022 — netting over 400,000 new residents to reach an estimated population of 22,244,823. That’s the second-largest numeric gain behind Texas, which has a larger overall population.[/quote]

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