South Florida condo prices may drop up to 40%, analyst says
Published Wednesday, January 29, 2025 11:00 am
by Erik Bojnansky

This is a summary

"The entire condo market in the east is going to recalibrate because of Surfside, because interest rates are so high, and because all the tech workers who are supposed to come here have to go back to Silicon Valley to work on AI," said Zalewski, a former South Florida real estate journalist who focuses on tracking values of condos east of the I-95 highway.

South Florida's home and single-family prices have climbed significantly since the pandemic as high-income households relocated to the region from other parts of the U.S. and the world. Many of those new arrivals sought to avoid Covid-19 restrictions enacted in other parts of the U.S."

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South Florida condo prices may drop up to 40%, analyst says | South Florida Business Journal

Image credit to Chalo Garcia on Unsplash

South Florida condo prices may drop up to 40%, analyst says | South Florida Business Journal

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