The North-easterners ruined the housing market in FL. Hopefully it becomes more affordable for the locals when they leave
Discussion
Yeah, I am hearing a lot of that as well. Though, I am not sure if the population increase is what made things more expensive or just inflation/regulation of the past 3 years.
I have several friends that sell real estate and the amount of out of state cash buyers in 20-22 was wild. A friend closed on a house in March 2020 for $480k and sold it in March 24 for $910k. Buyers were from NY
Needless to say that I doubt that leaving the state will make prices drop. They might grow less, but they are still going to grow.