"In February 2025, the median housing cost in Florida was $412,200, influencing buyer sentiment amidst rising mortgage rates and natural disaster concerns."
"Despite rising home costs and mortgage rates around 7%, Nestment offers $25,000 aid to first-time buyers in Florida amid sluggish home sales."
"Floridaâs home-sellers are facing a challenging market as buyer interest diminishes, raising concerns regarding the sustainability of home sales in disaster-prone areas."
"The state of Florida has seen its home prices surge since the pandemic, with real estate education efforts like NestGen aimed at rejuvenating buyer engagement."
As of February 2025, Florida's median housing price was $412,200 amid economic concerns due to high mortgage rates and Donald Trump's tariffs affecting the housing sector. Much of the state experiences natural disasters, complicating home sales as sellers report a lack of buyer interest. In response, Nestment and The Keyes Company launched the NestGen program, offering $25,000 to first-time homebuyers, aiming to stimulate this sluggish market. Areas that saw significant price increases post-pandemic continue to have mixed data regarding home affordability, prompting further scrutiny on Florida's housing dynamics.
Read at 24/7 Wall St.
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