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Florida residents 'looking to escape' due to rising home prices & diminishing affordability, new report says

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Florida residents 'looking to escape' due to rising home prices & diminishing affordability, new report says


WEST PALM BEACH, Fla. — The rising cost of living in Florida has many residents considering a move out of the Sunshine State, according to a new report.

A report titled “Florida on the brink” was compiled by the data tech firm Cotality, and it describes a state under stress.

WATCH BELOW: Report outlines why Florida residents leaving for other states

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Here’s why Florida residents are ‘looking to escape’

“The promise of sunshine and opportunity has been replaced by something a little less sunny — rising home prices, diminishing affordability, and growing pressure on infrastructure,” the report said.

There is a pipeline of Florida residents fleeing to more affordable southern states like Georgia, South Carolina, North Carolina, Tennessee and Texas.

“What we saw in Florida, after a period of very strong immigration to Florida, there is now a little bit less inbound, a bit more outbound migration,” Selma Happ, the chief economist at Cotality, said. “A lot of people who are migrating from Florida are going to neighboring states.”

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The report cited billion-dollar hurricanes and costs soaring so high, especially in South Florida, that the state is heading down a path similar to California’s population drain.

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Will people leave Florida after devastating hurricanes?

Insurance remains a big drag on finances even as the state tries to slow down a coverage crisis.

“You have rising insurance, you have rising property taxes, so they can no longer sustain that home, and then they decide to leave for the areas more affordable and maybe where insurance costs are a little bit less,” Happ said.

But even with the exodus, Florida is still attracting new residents.

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The report raised the question of whether there is a way to turn around the pressures the state and its residents are facing.

“Florida — a state once synonymous with getting away — is starting to see signs of people looking to escape,” the report said.





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Florida woman confesses to stabbing 76-year-old roommate to death, authorities say

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Florida woman confesses to stabbing 76-year-old roommate to death, authorities say


A Florida woman confessed to stabbing her 76-year-old roommate to death before covering his body with a tarp, stealing his truck and driving away from the scene, according to authorities.

The Charlotte County Sheriff’s Office identified the suspect as Shannon R. Giblin, 48.

Shannon R. Giblin (Photo: Sarasota County Sheriff’s Office)

In a news release, the sheriff’s office said deputies were dispatched to a home on Sunday after they received a report about a person who was not breathing. When they arrived at the home, they found a man, later identified as Paul De Wayne Bradley, who was dead.

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Police said they tracked Giblin down in Bradley’s truck, which was missing from the driveway, in Sarasota County.

“As Charlotte County detectives questioned Giblin, she provided a confession to stabbing Bradley following an argument,” Sheriff Bill Prummell said in the release.

“After realizing that the victim was beyond help, Giblin then covered Bradley with a tarp and left the scene in the victim’s pickup truck,” Prummell added.

Online jail records show Giblin was charged with second-degree murder, as well as grand theft of a motor vehicle.

“I want to recognize my Major Crimes detectives who worked this case through the night and identified the suspect quickly,” Prummell said. “They truly show a dedication to their craft and the results are irrefutable. I also want to thank the Sarasota County Sheriff’s Office for their quick actions in locating and detaining her based on the intelligence my team was able to share. As I have always said, Southwest Florida is fortunate to have law enforcement who work together so effectively for the people we serve.”

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Giblin is being held without bond, according to the release.



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Florida No Kings protests planned for Stuart, Fort Pierce

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Florida No Kings protests planned for Stuart, Fort Pierce



There are two No Kings protests planned for the Treasure Coast; one in Stuart and one in Fort Pierce.

No Kings Day protests are scheduled for March 28, with over a thousand protests planned across the United States.

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Organizers say the No Kings events will challenge President Donald Trump as he escalates “his attempts to control us.” Dozens of protests are planned across Florida, including two on the Treasure Coast.

Here’s what to know about the protests.

What is a No Kings protest?

No Kings is a nationwide protest organized in response to President Donald Trump and his administration.

“It is on us, the people, to show that we will fight to protect one another and our country,” according to the nokings.org website. “If he believes we will roll over and allow him to take our freedoms, he is mistaken.”

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One core principle of No Kings is a commitment to nonviolent action. The organization’s website states participants should seek to de-escalate any potential confrontation with dissenters and act lawfully.

No Kings protest in Stuart

No Kings protest in Fort Pierce

No Kings protests in Florida

There are dozens of protests planned across Florida, including two on the Treasure Coast, with one in Stuart and one in Fort Pierce. Find a protest near you.

Olivia Franklin is TCPalm’s trending reporter. You can contact her at olivia.franklin@tcpalm.com317-627-8048 or follow her on X @Livvvvv_5.



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Severe storms, near-record heat: Big weather swings ahead for South Florida

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Severe storms, near-record heat: Big weather swings ahead for South Florida


From tornado threats in the Central U.S. to a surge of unseasonable warmth in South Florida, meteorologist Dave Warren breaks down the week’s weather changes. Expect near-record high temperatures by Thursday, followed by a slight cool-down and a chance for scattered showers. Track all the latest with NEXT Weather.



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