Southern housing markets, especially in Florida, have experienced a decline in demand after a pandemic boom, reversing the trend of buyers moving south for affordability. Bankrate's 2025 Housing Heat Index reveals the Northeast is now leading in housing demand, as it features limited inventory driving up prices. In contrast, many Southern cities have seen significant decreases in market heat, with Florida specifically facing affordability issues due to rising home insurance and property taxes. This shift suggests a notable change in housing market dynamics across the United States.
During the pandemic, Northeasterners were fleeing for the Sun Belt, but that trend has slowed and even reversed. In the North, there's just not a lot of inventory, and with limited choices, buyers are bidding up prices.
Bankrate's Housing Heat Index indicates that the Northeast now leads housing demand, contrasting sharply with the declining appeal of Southern cities like Florida, where high insurance costs affect affordability.
Collection
[
|
...
]