The hurricane risk has become a significant deterrent for homebuyers in Florida's coastal markets, as evidenced by the sharp increase in insurance costs and property vulnerability.
In metropolitan areas like West Palm Beach, Tampa, and Miami, there is a visible drop in home sales as climate concerns and hurricane threats sway buyer confidence.
The crash in pending home sales can be attributed not just to Hurricane Helene's immediate impacts, but also to the growing realization of ongoing climate risks affecting Florida's housing market.
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