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[quote=Anonymous]For those predicting a FL crash, the numbers and the experts disagree. And that’s not good news for the Northeast.

https://www.wsj.com/articles/miami-housing-market-cools-but-is-still-the-hottest-around-3928727a

The gains offer fresh evidence that Miami’s housing market is poised to remain the strongest of any U.S. city. Miami posted the country’s fastest year-over-year home-price growth at 15.9% in 2022, according to the S&P CoreLogic Case-Shiller Index.

Residents and businesses continue to flock to the Sunshine State—and South Florida in particular—drawn by year-round warm weather, more liberal business regulation and the lack of a state income tax. Florida gained more residents than any other state in 2022, according to the U.S. Census Bureau data, while Miami housing inventory is down by about half compared with the first quarter of 2020.

New Yorkers and other North-easterners are some of the area’s most active home buyers. Most of the domestic driver-license changes came from New York last year, according to data from the Florida department of motor vehicles. Many of the new arrivals, accustomed to the steep real-estate prices of New York City and its suburbs, helped bid up home prices and rents in Miami. [/quote]

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