jackhammers still echo along the barrier island's main road, where new houses and businesses are going up next to vacant lots and the shells of buildings gutted by the storm. "We are nowhere near where we thought we would be three years ago today," says Jacki Liszak, chief executive of the Fort Myers Beach Chamber of Commerce, who owned a small hotel that the hurricane washed away. "I don't think we understood what happened to us the extent of it."
Florida's housing market remains one of the most active in the nation, balancing rapid population growth with a steady stream of new construction. The state earned a C+ on the Realtor.com® State-by-State Housing Report Card, part of the Let America Build campaign tracking how well states manage affordability and housing supply. While Florida continues to build at an impressive pace, strong demand and rising insurance costs have kept pressure on buyers and builders alike.
Everyone knows (or hopefully knows) that as soon as you buy a car and drive it off the lot, you've already lost a certain value of the vehicle. It's a frustrating but true reality of vehicle ownership, and it doesn't matter how much the car is or what brand it is. Once you drive it away, its value decreases. For this Redditor, purchasing a $67,000 Jeep Wrangler proved to be a financial disaster.
Despite a rising influx of residents drawn to Miami’s temperate climate and vibrant culture, the housing market is experiencing a downturn, particularly in the luxury sector.