So sellers will need to drop costs to where these buyers can now manage. When market value drop lower than what is owed on these homes, try to find foreclosures to begin to take place once again. What is a real estate investment trust. own a house in Florida right now, you may be rewarded with lower, perhaps much lower Florida home prices within the next couple of years. Why? In addition to the above factors: Economic crises have hit routinely for hundreds of years in the United States, and the next one is ideal around the corner. It's simply math. Major hurricanes are likewise a regular occurrence in Florida and have an effect on Florida house costs in the counties surrounding the impacted locations.Update: They have actually struck and all those folks who would have left every year for 10 years, but didn't due to the fact that of the "cyclone dry spell", will now all want to leave at when. More attention is being paid to water level rise in a state with countless properties simply a few feet above sea level. That might have a substantial influence on Florida houses, insurance and rates. Wait until you see how the insurance provider react to the enormous losses they are getting struck with from hurricane and flooding in 2017 and 2018 throughout the 6 month cyclone season in Florida.