Uncommon Knowledge
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Thirteen out of the 15 housing markets at the highest risk of a home price correction in the coming months, according to a recent Parcl Labs study, are in Florida, where new inventory has been flooding in.
The Parcl Labs’ team, which delivers real-time housing market data, analytics and research, analyzed around 1,000 U.S. housing markets to identify early signs of market stress that could lead to price drops. It found that there’s “trouble” ahead for the Sunshine State, which it described as “the epicenter” of a mismatch between supply and demand.
The top five list of markets with the biggest supply and demand divergence—one of the factors considered in Parcl Labs’ analysis, are in Florida—namely, Pensacola (+52 percent supply increase, -28 percent demand decrease); North Port, FL (+50 percent, -18 percent); Naples (+44 percent, -14 percent); Port St. Lucie (+40 percent, -22 percent); and Palm Bay (+39 percent, -18 percent).
Four of the top five markets expected to see the biggest price drops in the months ahead—though any decline isn’t guaranteed—are also in the state. These include some of the same metropolitan areas which are seeing demand drop, such as North Port (52 percent of listings with price cuts); Tampa (49 percent); Naples (46 percent); and Palm Bay (44 percent). Myrtle Beach, South Carolina, was also in the top five with an expected 46 percent with price cuts.
Several markets in Florida have already seen dramatic price cuts since the beginning of the pandemic in 2020, which saw the U.S. housing market boom as low mortgage rates, high demand and a lack of supply led aspiring home buyers to cutthroat bidding wars.
In Florida, the widespread possibility of remote work led to an influx of people moving from out of state chasing warm weather, sunny skies and cheaper taxes. The end of the health emergency and businesses’ eagerness to get their workers back in the office meant a sudden slowdown in arrivals, as well as the departure of some of those who had already migrated to the Sunshine State.
In Lakeland, according to Parcl Labs’ data, prices are now -4.63 percent from their peak in 2020. They increased by 51.36 percent in 2020. In Sebastian, they’re down -4.14 percent from their peak of +61.43 ; in Gainesville, by 2.28% from +50.21 percent. Deltona, Homosassa Springs, Tampa, Ocala, Port St. Lucie, Miami and Orlando have also seen prices cool down from their pandemic peaks.
Inventory has been growing at a faster pace in the state than in the rest of the country. Florida, together with Texas, is among the states that has been building the most new homes in the past few years, trying to fill the gap between demand and inventory which marked the pandemic. But now, as mortgage rates remain high and home insurance premiums in the Sunshine State inflate, buyers are a little more reluctant.
Newsweek contacted Parcl Labs for comment by email early on Monday.
The 15 metropolitan areas which are most likely to see home price drops, according to Parcl Labs, are:
Newsweek is committed to challenging conventional wisdom and finding connections in the search for common ground.
Newsweek is committed to challenging conventional wisdom and finding connections in the search for common ground.
ORLANDO, Fla. (AP) — A leading Muslim civil rights group in the U.S. has sued Florida Gov. Ron DeSantis over his order designating it and another organization as a “ foreign terrorist organization,” saying the directive was unconstitutional.
The Council on American-Islamic Relations, known as CAIR, has more than 20 chapters across the United States and its work involves legal actions, advocacy and education outreach.
The lawsuit was filed late Monday by the CAIR-Foundation and CAIR-Florida, its affiliate in the state. The suit asked a federal judge in Tallahassee to declare DeSantis’ order unlawful and unconstitutional and prevent it from being enforced.
“He has usurped the exclusive authority of the federal government to identify and designate terrorist organizations by baselessly declaring CAIR a terrorist organization,” the lawsuit says.
DeSantis’ order was among a series of recent actions or statements made by Republican elected officials which target U.S. Muslims or their groups.
U.S. Sen. Tommy Tuberville, R-Ala., on Sunday posted on social media that “Islam is not a religion. It’s a cult.”
A day later, CAIR designated Tuberville, who is running for Alabama governor, as an anti-Muslim extremist for his “increasingly hateful and dangerous attacks on Alabama Muslims.” The group said it was the first time it had given a U.S. senator that designation. Tuberville responded on social media that it was a “badge of honor.” When asked Tuesday about his statements, Tuberville spokesman Mallory Jaspers repeated what Tuberville had said.
U.S. Rep. Randy Fine, R-Fla., also posted Monday on social media about his support for “a Muslim travel ban, radical deportations of all mainstream Muslim legal and illegal immigrants, and citizenship revocations wherever possible.”
“Mainstream Muslims have declared war on us. The least we can do is kick them the hell out of America,” Fine wrote.
Anti-Muslim bias has persisted in different forms since Sept. 11, 2001, and there’s been a rise in Islamophobia during more than two years of war in Gaza.
During a news conference about the Florida lawsuit, Charles Swift, a lawyer for the Muslim Legal Fund of America, called the elected officials’ statements dangerous and bigoted.
“The Constitution protects people’s rights to be bigoted, not the government’s rights,” said Swift, whose group is one of the legal organizations representing CAIR. “When a governor issues an executive order to silence Muslims, that’s a different question altogether because if you can do that, you can silence anyone.”
CAIR said in the Florida lawsuit that it has always condemned terrorism and violence. The lawsuit alleges DeSantis targeted the group for defending the free speech rights of people in cases where state officials and officials elsewhere tried to punish or silence those who expressed support for Palestinian human rights.
The order by DeSantis last week also gives the same “foreign terrorist” label to the Muslim Brotherhood, a pan-Arab Islamist political movement. President Donald Trump last month issued an executive order that sets in motion a process to designate certain chapters of the Muslim Brotherhood as a foreign terrorist organization.
The governor’s order instructs Florida agencies to prevent the two groups and those who have provided them material support from receiving contracts, employment and funds from a state executive or cabinet agency.
Florida has an estimated 500,000 Muslim residents, according to CAIR.
When reached by email for comment on Tuesday, the governor’s press secretary, Molly Best, referred to DeSantis’ recent social media posts on the topic in which he said he looked forward to a trial. In one post, DeSantis said, “I look forward to discovery — especially the CAIR finances. Should be illuminating!”
Texas Gov. Greg Abbott has issued a similar proclamation in Texas. CAIR last month asked a federal judge to strike down Abbott’s proclamation, saying in a lawsuit that it was “not only contrary to the United States Constitution, but finds no support in any Texas law.”
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Associated Press writers Kimberly Chandler in Montgomery, Alabama, and Kate Payne in Tallahassee, Florida, contributed to this report.
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Follow Mike Schneider on Bluesky: @mikeysid.bsky.social
JUNO BEACH, Fla. — Two dozen Kemp’s ridley sea turtles are rehabilitating in Florida after the frigid waters off of Cape Cod, Massachusetts, left them struggling with frostbite, pneumonia and abrasions.
The 24 endangered sea turtles arrived at the Loggerhead Marinelife Center in Juno Beach, Florida, on Dec. 9, thanks to the nonprofit organization LightHawk. Last year, the center welcomed another bunch of cold-stunned turtles that were released into the Atlantic months later.
They are expected to remain at the facility until spring, when they’ll be released into the Atlantic Ocean to make their way back to New England, said Heather Barron, chief science officer and veterinarian at Loggerhead.
She said the turtles suffered from a conditioned called cold stunning, which requires treatment with antibiotics, fluids and nebulization.
Cold stunning occurs in extremely frigid temperatures and causes the cold-blooded sea turtles to become lethargic and lose mobility, and Kemp’s ridley, loggerhead and green sea turtles are typically affected.
The turtles migrate north in the summer and many get stuck while heading south in the hooked peninsula of Cape Cod, according to a New England Aquarium fact sheet. As the ocean temperatures drop, the turtles become lethargic, emaciated and hypothermic. They begin washing ashore, where volunteers rescue them and take them to the sea turtle hospital.
A number of turtles were sent to Florida to relieve overcrowding at the New England Aquarium, said Pam Bechtold Snyder, director of marketing and communications for the Boston facility. Most of those turtles were stranded during a strong westerly wind event on Nov. 28 and went through the triage process at the Boston facility, Snyder said.
They were sent to Florida to make room for more turtles coming in from Cape Cod, she said. So far during the annual cold-stunning phenomenon that began on Nov. 7, they’ve treated 472 hypothermic turtles.
The hospital staff works with the National Oceanic and Atmospheric Administration’s Fisheries Service to transfer the turtles to various sea turtle hospitals, including Loggerhead, Snyder said.
“These guys are very critically ill when they get here, and they are undergoing extensive treatment,” Barron said of the turtles sent to Juno Beach. “They’re getting nebulized where they actually breathe in medicine. That helps their lungs do their job better.”
When turtles arrive in groups at Loggerhead, the staff gives them names, following a theme, Barron said.
“And in this case, it is Greek mythology,” Barron said. “So we have Pandora and Gaia and Persephone and Helios and all those guys.”
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Frisaro reported from Fort Lauderdale, Florida.
Trump weighs executive order loosening federal marijuana rules
President Donald Trump is considering an order to reclassify marijuana, easing restrictions and expanding research opportunities.
Can Floridians or those traveling to Florida for the holidays light one up while taking part in festive activities? Doing so will result in your name being added to the state’s naughty list.
While it’s legal in about half the country, recreational marijuana remains illegal in Florida.
An amendment last year to make recreational marijuana legal in the Sunshine State came close and got a majority of the vote, but it failed to hit Florida’s required 60% threshold. The group behind it is trying again in 2026.
Here’s what you need to know about marijuana laws in Florida before the holiday.
Yes, but only for some people.
Medical marijuana is legal in Florida for residents diagnosed with a specific set of conditions who have applied for and received a Medical Marijuana ID Card or caregivers who have received a Medical Marijuana Caregiver Card.
No. During the 2024 General Election, an amendment that called for legalizing recreational marijuana in Florida failed to get the 60% of votes needed to pass.
Medical marijuana is legal here, but only for Florida residents with the following conditions who apply for and receive a Medical Marijuana Card:
Note that under a new Florida law as of July 1, medical marijuana registration will be revoked if a patient or caregiver is convicted or pleads guilty or no contest to drug trafficking, sale or manufacture.
No. The state of Florida does not offer reciprocity. A bill in this year’s legislative session that would have changed that died in committee.
Without a Medical Marijuana Card (or Medical Marijuana Caregiver Card, for people assisting medical marijuana patients who are minors or who need help), if you are caught with pot, you will be penalized. Marijuana advocacy group NORML lists the following penalties under Florida Statutes:
However, many communities and municipalities have decriminalized possession of up to 20 grams of marijuana, meaning if you’re busted, you’ll get a fine (which will go up each time). You may be required to attend a drug education program or do community service.
Areas that have decriminalized pot include Alachua County, Broward County, Cocoa Beach, Hallandale Beach, Key West, Miami Beach, Miami-Dade County, Orlando, Osceola County, Palm Beach County, Port Richey, Sarasota, Tampa and Volusia County.
Only licensed medical marijuana dispensaries may sell marijuana in the state of Florida. Even with a medical marijuana card, you may not buy your pot anywhere but at a licensed dispensary.
People charged with selling marijuana can face the following:
Assorted different types of so-called “diet weed” cannabinoids, such as delta-8, delta-9, delta-10 and THC-O, which are derived from hemp and not marijuana and contain lower levels of THC, are legal here under the 2018 federal Farm Bill that allows farmers to grow industrial hemp.
Last year, the Florida Legislature passed SB 1698, a bill that effectively banned delta-8 and delta-10 products and set a 5-milligram-per-serving limit for delta-9 THC, but Gov. Ron DeSantis vetoed it, reportedly to protect small businesses.
However, they remain federally illegal.
Yes. Drivers under the influence of drugs, including marijuana, face the same penalties as drunk drivers in Florida.
That ranges from up to six months of jail time, a fine between $500 and $1,000, a license suspension, 50 hours of community service and a 10-day vehicle impoundment (for the first offense) to up to five years in prison, up to $5,000 in fines, lifetime license revocation and more for the fourth offense.
Penalties go up fast if there is a minor in the vehicle or you cause property damage, injury or death.
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