Southwest Florida Real Estate Slowdown

This is a Florida news story, published by Yahoo Finance, that relates primarily to Fort Myers news.

Florida news

For more Florida news, you can click here:

more Florida news

real estate & housing news

For more real estate & housing news, you can click here:

more real estate & housing news

Yahoo Finance news

For more news from Yahoo Finance, you can click here:

more news from Yahoo Finance

About the Otherweb

Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like real estate & housing news, you might also like this article about

hot real estate market

. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest housing market news, Southwest Florida news, real estate & housing news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!

real estate market

Moneywise

•

Business

Business & Economics

Southwest Florida is now seeing properties languishing on the market for months — what’s behind this trend

Summary

Nutrition label

66% Informative

Fort Myers is seeing properties languishing on the market for months , sparking concerns among homeowners and real estate professionals.

Data suggests the situation in southwest Florida may be an indicator of broader challenges in the real estate market across the state.

Similar slowdowns are occurring in cities across Florida , including major metropolitan areas like Tampa Bay and Miami .

Rising mortgage rates and rising insurance premiums are also contributing factors to the slowdown.

Housing market in Florida does not appear to be collapsing but there does appear to have an affordability crisis created by rising mortgage and insurance costs.

This could transform who can afford to buy a home, in what areas they can do so and what degree of risk they incur.

As insurers exit some markets due to climate risks, it could also affect the equity of existing homeowners.

VR Score

Informative language

Neutral language

Article tone

informal

Language

English

Language complexity

Offensive language

not offensive