As pandemic lockdowns sent Americans fleeing for warm-weather locales where they could take Zoom meetings in shorts and flip-flops, Florida emerged as one of the hottest destinations for the remote-work crowd.
Now, these employees have been called back to the office in droves — forcing them to abandon their sun-drenched homes while property values tank.
Florida -especially Dade and Palm Beach Counties in South Florida - dominated a year-end list of metro areas nationwide that saw the steepest year-over-year median home value losses - and experts predict it's only going to get worse.
The middle of the State, specifically North Central Florida where I live in Lake County, as well as nearby Polk, Marion and Sumter Counties, all remain pretty much untouched by the meltdown. In fact, low-income and moderately priced housing construction is going full-speed-ahead here. The rest of this report can be found here if you're looking for a foreclosure bargain, but I'd wait a bit. This pity party isn't over yet...
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