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Florida housing market ‘at risk’ in 13 different cities

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Florida housing market ‘at risk’ in 13 different cities


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.

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Homes are shown in a residential neighborhood in Miami on May 10, 2022. Florida is “the epicenter” of a mismatch between supply and demand, according to a recent study.

Joe Raedle/Getty Images

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.

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The 15 metropolitan areas which are most likely to see home price drops, according to Parcl Labs, are:

  • Crestview-Fort Walton Beach-Destin, Florida;
  • Daphne-Fairhope-Foley, Alabama;
  • Deltona-Daytona Beach-Ormond Beach, Florida;
  • Gainesville, Florida;
  • Homosassa Springs, Florida;
  • Lakeland-Winter Haven, Florida;
  • Miami-Fort Lauderdale-Pompano Beach, Florida;
  • Myrtle Beach-Conway-North Myrtle Beach, South Carolina;
  • Naples-Marco Island, Florida;
  • Ocala, Florida;
  • Orlando-Kissimmee-Sanford, Florida;
  • Palm Bay-Melbourne-Titusville, Florida;
  • Port St. Lucie, Florida;
  • Sebastian-Vero Beach, Florida;
  • Tampa-St. Petersburg-Clearwater, Florida.

Uncommon Knowledge

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.



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‘Sovereign citizen’ arrested at Florida Walmart following disturbance

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‘Sovereign citizen’ arrested at Florida Walmart following disturbance



A man claiming to be a “sovereign citizen” was arrested at a Fort Pierce Walmart after allegedly threatening staff and refusing to leave.

A “sovereign citizen,” who claimed to have renounced his U.S. citizenship, allegedly threatened an employee at a Walmart and refused to leave, Fort Pierce police said.

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Eddie Rodriguez, 34, was arrested on a trespassing charge June 4 after refusing to leave the property when asked, according to an arrest affidavit. He was transported to St. Lucie County Jail.

Fort Pierce police officers arrived 9:14 p.m. at Walmart.

Rodriguez caused a disturbance after believing he was being followed by a Walmart loss prevention employee, according to the affidavit.

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Fort Pierce Police arrest Walmart shopper accused of wielding machete

Fort Pierce Police arrest Walmart shopper accused of wielding a machete Aug. 30, 2025.

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The employee, who was unidentified in the affidavit, told police he was doing his normal walks on the sales floor, the affidavit said.

The employee claimed Rodriguez, who is homeless, made threats and was armed with a weapon, although police recovered no weapon during the arrest, according to the affidavit.

The employee declined to press charges regarding the threats, the affidavit said.

Jack Randall is TCPalm’s economy and real estate reporter. You can reach him at jack.randall@tcpalm.com.

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Florida police release final report, interview on Hulk Hogan’s cause of death

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Florida police release final report, interview on Hulk Hogan’s cause of death


CLEARWATER, Fla. (WFLA) — The Clearwater Police Department announced Friday that it has completed its investigation into the death of WWE legend Hulk Hogan.

According to their findings, Clearwater police determined Hogan, whose legal name is Terry Bollea, died of an attended natural death.

“Under the circumstances, it fell to the Clearwater Police Department to address, challenge or validate some of the concerns in the case. Investigators had to interview multiple witnesses and review various recordings to answer questions central to our inquiry.”

The department also released a 72-page report on Bollea’s death, as well as interviews with Bollea’s occupational therapist.

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In the report, testimonies from various officers described what happened when Clearwater police were called to Bollea’s home on July 24, 2025.

The initial incident report stated that officers responded to the home on Eldorado Avenue at about 10:21 a.m. for a medical call.

Hulk Hogan’s home in Clearwater Beach

When officers entered the home, they found Bollea lying on the floor on his back, appearing pale with no signs of life.

Bollea’s home health aide, Dana Swinton, told police that she, Bollea’s wife Sky Daily, and his occupational therapist Justin McCamey were at the home when Hogan stopped breathing.

“I got here at 7,” Swinton told police, adding that he seemed “OK” at the time.

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McCamey said he arrived at the home at about 9:30 a.m. and was there for 10 minutes before Bollea began having his medical episode. Both he and the home health aide said Bollea was talking and ate yogurt before the medical episode.

When McCamey and Swinton returned, Daily noticed that her husband was not breathing. McCamey tried to get Bollea’s vitals but did not detect a pulse.

Daily called 911 and said, “My husband, it doesn’t seem like he’s breathing.”

Bollea’s home medical staff performed CPR on the retired wrestler until first responders arrived. According to the report, Bollea was taken to Morton Plant Hospital where he was pronounced dead at 11:17 p.m.

The report also stated that McCamey had been Bollea’s occupational therapist for two weeks and that this was his second visit with his patient.

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He told police Bollea was in “very poor health” since having surgery. The report stated Bollea had “approximately 20-30 various knee, hip, and back surgeries over the years.

Daily also told police that her husband had a spinal fusion surgery on his neck about six weeks before his death and a cardiac surgery three weeks before to fix a valve. He was also diagnosed with chronic lymphocytic leukemia and had been undergoing chemotherapy.

Hogan was 71 at the time of his death. A cremation approval report from the District Six Medical Examiner’s Office described it as a natural death caused by a cardiac arrest.

The cremation approval report also noted the wrestling superstar had a history of “atrial fibrillation,” an irregular heartbeat in the upper chambers of the heart, and leukemia.

A private autopsy arranged by Bollea’s wife and his son, Nick, found that he died “exclusively from compelling natural disease, with no reasonable traumatic or terminal toxicologic
contributions.”

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After reviewing all the evidence, Clearwater police determined that Bollea’s death was natural and that there was no evidence of criminal wrongdoing.

“We want to thank the family of Mr. Bollea – Sky, Nick and Brooke – and their attorney, Kevin Hayslett, for their cooperation,” the department said. “Their willingness to allow our investigators access to very personal information, at a time when they were grieving and struggling, was extremely helpful. We would not have had the legal justification to obtain much of the information without their cooperation.”



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WATCH: Deputies rescue elderly Florida driver after car plunges into canal

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WATCH: Deputies rescue elderly Florida driver after car plunges into canal


POMPANO BEACH, Fla. (WFLA) — Body camera footage shows the moment deputies saved a woman after her car plunged into a Pompano Beach canal on Monday.

Officers arrived at the canal and spotted the car, which was rapidly taking on water with the driver trapped inside, according to the Broward Sheriff’s Office.

Photo courtesy of the Broward County Sheriff’s Office

Video shows officers jumping into the canal and swimming toward the sinking car.

Photo courtesy of the Broward County Sheriff’s Office

Deputy Zachary Kerin shattered a window, allowing rescuers to pull the woman through the water to safety.

“An elderly woman is alive today thanks to the quick actions of BSO Detective Robert Rutkowski, Deputy Zachary Kerin and off-duty Fort Lauderdale Fire Rescue Captain Keith Costa, who raced against time,” BSO said.

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Photo courtesy of the Broward County Sheriff’s Office

The vehicle disappeared beneath the water’s surface moments after the woman reached the shore, BSO said.



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