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‘Living and working in Florida is like being in a toxic relationship,’ but the Northeast shows jarring differences, real estate founder says | Fortune

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‘Living and working in Florida is like being in a toxic relationship,’ but the Northeast shows jarring differences, real estate founder says | Fortune


In a candid interview, top real estate agent and founder of SYKES Properties, Erin Sykes, got real about the state of the Florida real estate market. “Living and working in Florida is like being in a toxic relationship,” she said at the ResiDay conference in an interview with ResiClub editor Meghan Malas.

Now, Skykes, whose firm showcases multimillion-dollar deals in both Florida and the Northeast, said she’s watching two Americas diverge in real time. In the Northeast, she’s seeing bidding wars have returned in commuter suburbs like Monmouth County, N.J., and mid-Long Island, where buyers still fight for an acre and an elite school district. In Florida, by contrast, she described a market in withdrawal, nursing a hangover after a flurry of activity. “Just a couple years ago, we were being love-bombed and told how great we were,” she said, citing Florida’s burgeoning status as “Wall Street South,” a new finance hub. Now, things are “flat” or even heading downward.

Home prices in Florida have fallen 5.4% year-over-year, dragged down by a glut of aging condos facing six-figure special assessments and post-Surfside safety mandates. Single-family homes, meanwhile, remain relatively resilient, she noted. She characterized the Sunshine State’s housing scene as a cycle of boom, bust, and burnout. She’s always fueled by the belief that somehow, the next round will be different.

“Now we’re being told, ‘Oh, you’re too expensive,’ and kind of being discarded,” Sykes said. “You know, the conversation changes by the day, really.”

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Noting that Florida has always been a boom-or-bust state, she said she sees signs of moderation rather than collapse. “Rather than being the boom up here and the bust way down here like we saw in 2008 and 2009, the waves are becoming flatter,” she said. While there may be a pullback in prices, “really, a 5% pullback is nothing when your house has appreciated 25%.”

For Florida, Sykes argued, even a flat market signals stability after years of breakneck appreciation—especially in Palm Beach, where home values have jumped as much as 200% in the past few years.

The challenge of dual market personalities

Sykes described jarring regional differences. In Florida as an agent, you’re “just trying to really push and pull and drag deals together, you’re getting discounts of 5%, 10%, 20% off list price,” but then in the Northeast you find yourself going into a bidding war. “It’s like having a multiple personality disorder.”

That volatility, she noted, reflects a broader split between regions that overheated during the pandemic and those returning to normal. The migration wave that sent high earners south may have turbocharged Florida’s boom but also exposed its fragility. Now, Sykes said, agents and homeowners alike are navigating two competing realities: the Northeast’s cautious recovery and the Southeast’s cooling after years of mania.

She also outlined a bifurcation within the Florida housing market: while single-family homes remain robust thanks to demand for space among incoming families, condos face mounting challenges. That’s difficult because they are “really what has been driving down the Florida market,” and they are facing new challenges from special assessments, strengthened structural regulations, and fallout from incidents like the Surfside collapse. Pre-selling of new-construction condos continues apace, she said, with West Palm Beach alone seeing many significant developments underway.​

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Sykes described a bifurcation between single-family homes and condos in Florida, since its exploding population is full of people who left Manhattan or Chicago and “wanted their own space.” She said single-family homes are doing well, and then “We’re seeing condos bifurcated, and then within that bifurcation of condos, a secondary bifurcation.”

“Florida,” she concluded, “you have to always take with a grain of salt.”



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Florida Launches First Black Bear Hunt Since 2015 as Critics Attempt to Limit the Number of Bears Killed

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Florida Launches First Black Bear Hunt Since 2015 as Critics Attempt to Limit the Number of Bears Killed


Florida has launched its first state-sanctioned black bear hunt since 2015. State wildlife officials claim that the hunt will help control future overpopulation of the species, while conservation groups are are attempting to limit the number of bears killed.



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Hope Florida fallout drives another Rick Scott rebuke of Ron DeSantis

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Hope Florida fallout drives another Rick Scott rebuke of Ron DeSantis


The cold war between Florida’s Governor and his predecessor is nearly seven years old and tensions show no signs of thawing.

On Friday, Sen. Rick Scott weighed in on Florida Politics’ reporting on the Agency for Health Care Administration’s apparent repayment of $10 million of Medicaid money from a settlement last year, which allegedly had been diverted to the Hope Florida Foundation, summarily filtered through non-profits through political committees, and spent on political purposes.

“I appreciate the efforts by the Florida legislature to hold Hope Florida accountable. Millions in tax dollars for poor kids have no business funding political ads. If any money was misspent, then it should be paid back by the entities responsible, not the taxpayers,” Scott posted to X.

While AHCA Deputy Chief of Staff Mallory McManus says that is an “incorrect” interpretation, she did not respond to a follow-up question asking for further detail.

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The $10 million under scrutiny was part of a $67 million settlement from state Medicaid contractor Centene, which DeSantis said was “a cherry on top” in the settlement, arguing it wasn’t truly from Medicaid money.

But in terms of the Scott-DeSantis contretemps, it’s the latest example of tensions that seemed to start even before DeSantis was sworn in when Scott left the inauguration of his successor (the timing of that was due to the schedule set by then Senate Majority Leader Mitch McConnell and based on the availability of then Vice President Mike Pence), and which continue in the race to succeed DeSantis, with Scott enthusiastic about current front runner Byron Donalds.

Earlier this year, Scott criticized DeSantis’ call to repeal so-called vaccine mandates for school kids, saying parents could already opt out according to state law.

While running for re-election to the Senate in 2024, Scott critiqued the Heartbeat Protection Act, a law signed by DeSantis that banned abortion after the sixth week of pregnancy with some exceptions, saying the 15 week ban was “where the state’s at.”

In 2023 after Scott endorsed Donald Trump for President while DeSantis was still a candidate, DeSantis said it was an attempt to “short circuit” the voters.

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That same year amid DeSantis’ conflict over parental rights legislation with The Walt Disney Co., Scott said it was important for governors to “work with” major companies in their states.

The critiques went both ways.

When running for office, DeSantis distanced himself from Scott amid controversy about the Senator’s blind trust for his assets as Governor.

“I basically made decisions to serve in uniform, as a prosecutor, and in Congress to my financial detriment,” DeSantis said in October 2018. “I’m not entering (office) with a big trust fund or anything like that, so I’m not going to be entering office with those issues.”

In 2020, when the state’s creaky unemployment website couldn’t handle the surge of applicants for reemployment assistance as the pandemic shut down businesses, DeSantis likened it to a “jalopy in the Daytona 500” and Scott urged him to “quit blaming others” for the website his administration inherited.

The chill between the former and current Governors didn’t abate in time for 2022’s hurricane season, when Scott said DeSantis didn’t talk to him after the fearsome Hurricane Ian ravaged the state. Scott’s camp said the Senator called the Governor multiple times to see how the federal government could assist the state’s efforts, but DeSantis did not return those phone calls.

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Florida kicks off first black bear hunt in a decade, despite pushback

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Florida kicks off first black bear hunt in a decade, despite pushback


TALLAHASSEE, Fla. — For the first time in a decade, hunters armed with rifles and crossbows are fanning out across Florida’s swamps and flatwoods to legally hunt the Florida black bear, over the vocal opposition of critics.

The state-sanctioned hunt began Saturday, after drawing more than 160,000 applications for a far more limited number of hunting permits, including from opponents who are trying to reduce the number of bears killed in this year’s hunt, the state’s first since 2015.

The Florida Fish and Wildlife Conservation Commission awarded 172 bear hunt permits by random lottery for this year’s season, allowing hunters to kill one bear each in areas where the population is deemed large enough. At least 43 of the permits went to opponents of the hunt who never intend to use them, according to the Florida chapter of the Sierra Club, which encouraged critics to apply in the hopes of saving bears.

The Florida black bear population is considered one of the state’s conservation success stories, having grown from just several hundred bears in the 1970s to an estimated more than 4,000 today.

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Opponents have questioned whether the hunt was necessary, but they were unable to convince the courts to halt it.

Here’s what to know.

The 172 people who were awarded a permit through a random lottery will be able to kill one bear each during the 2025 season, which runs from Dec. 6 to Dec. 28. The permits are specific to one of the state’s four designated bear hunting zones, each of which have a hunting quota set by state officials based on the bear population in each region.

In order to participate, hunters must hold a valid hunting license and a bear harvest permit, which costs $100 for residents and $300 for nonresidents, plus fees. Applications for the permits cost $5 each.

The regulated hunt will help incentivize maintaining healthy bear populations, and help fund the work that is needed, according to Mark Barton of the Florida chapter of Backcountry Hunters and Anglers, an advocacy group that supported the hunt.

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Having an annual hunt will help guarantee funding to “keep moving conservation for bears forward,” Barton said.

According to state wildlife officials, the bear population has grown enough to support a regulated hunt and warrant population management. The state agency sees hunting as an effective tool that is used to manage wildlife populations around the world, and allows the state to monetize conservation efforts through permit and application fees.

“While we have enough suitable bear habitat to support our current bear population levels, if the four largest subpopulations continue to grow at current rates, we will not have enough habitat at some point in the future,” reads a bear hunting guide published by the state wildlife commission.

Opponents meanwhile have called the hunt cruel, unnecessary and an excuse for hunters to bag a trophy animal when the real issue is the ever-growing human population encroaching on bear habitat.

This year’s hunting plan has more stringent rules than the 2015 hunt, in which permits were provided to anyone who could pay for them, resulting in more than 3,700 permits issued. That led to a chaotic event that was shut down days early. Of the 304 bears killed, at least 38 were females with cubs, meaning the young bears may have died too.

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Ultimately, wildlife officials decided to call off the hunt after its second day after a higher than expected number of bears were killed, though hunters did not exceed the statewide quota.

Doug Moore regularly sees bears on the more than 6,000 acres of timberland that he manages in northeast Florida. The president of a local hunting club, Moore is generally supportive of the new regulations for the bear hunt, even though he and his family members weren’t issued a permit this year.

Moore described the management of the 2015 hunt as “fouled up” and “totally wrong” but said, “they’re doing it right this time.”

Backers of the hunt have said that growing numbers of bears present a safety problem, with local officials sharing reports of bears on porches, rooting through garbage cans and roaming neighborhoods and playgrounds.

Activists have argued that the state should instead focus on other means of curbing nuisance bears and assuring safety through better trash management.

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While opponents failed to convince a judge to stop the hunt, they were issued about a quarter of the overall permits, after activists applied for hunting tags they never intend to use.

“Somewhere out there a bear will be walking the grounds of the Panhandle, and I gave them a stay of execution,” said Joel Cleveland, an opponent of the hunt who was issued one of the permits.

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Kate Payne is a corps member for The Associated Press/Report for America Statehouse News Initiative. Report for America is a nonprofit national service program that places journalists in local newsrooms to report on undercovered issues.



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