The Florida housing market once burned with the intensity of a wildfire — fast, furious, and seemingly unstoppable. But as all fires eventually consume their fuel, so too does this flame appear to be dying down. Tampa Bay, once the epicenter of real estate frenzy, is no longer the red-hot beacon it was during the pandemic’s prime. As whispers of a slowdown turn into a steady murmur, the question looms like storm clouds on the Gulf: Is Florida heading for a housing crash?
The Boom That Burned Too Bright
Once upon a time — not long ago — people fled cramped city apartments for sun-drenched porches and open-concept kitchens in “Florida.” As COVID-19 reshaped how we lived and worked, the Sunshine State became an oasis of space, affordability, and freedom. Buyers flooded in like high tide. Sellers rejoiced. And prices? They soared like a rocket that no one thought would fall.
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