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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.”
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.
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.
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.”
Entertainment
MIAMI (AP) — Two South Florida police officers claim Ben Affleck and Matt Damon’s recent action thriller “The Rip” used too many real-life details in its fictionalized narrative, causing harm to the officers’ personal and professional reputations, according to a defamation lawsuit.
Jason Smith and Jonathan Santana, sergeants in the Miami-Dade Sheriff’s Office, filed the lawsuit in Miami federal court earlier this month against Artists Equity, a film production company owned by Affleck and Damon. Court filings don’t say how much the officers are suing for, but the civil complaint says they’re seeking compensatory damages, punitive damages and attorney fees, as well as a public retraction and correction.
“The Rip” features Affleck and Damon as South Florida police officers who find millions of dollars inside a house. Parts of the movie were inspired by a real 2016 case, where police found over $21 million linked to a suspected marijuana trafficker in a Miami Lakes home.
An attorney for Artists Equity declined to comment when reached Monday by The Associated Press. But in a March 19 response to the plaintiffs’ demand letter, Leita Walker, an attorney for Artists Equity, wrote that the film does not purport to tell the true story of that incident or portray real people, which had been stated by a disclaimer in the film’s credits.
Although Smith and Santana aren’t named in the film, the lawsuit claims that Santana was serving as the lead detective assigned to the real case, and Smith was the sergeant who supervised the investigative team. The film’s inclusion of real details about the case gives the impression that the characters are based on the plaintiffs, the suit said.
And this, the lawsuit claims, has given friends, family members and colleagues the impression that the plaintiffs committed the criminal acts that appear in the film, which include (SPOILER ALERT) conspiring to steal seized drug money, murdering a supervising officer, communicating with cartel members, committing arson in a residential neighborhood, endangering the lives of civilians, repeatedly violating core law-enforcement protocols and executing a federal agent rather than making an arrest.
Walker wrote in March that the plaintiffs haven’t even identified which particular character is supposed to be based on Smith or Santana, so even if “The Rip” was actually about a real-life narcotics team, there’s no way to connect any of the characters to the plaintiffs.
“The Rip,” directed by Joe Carnahan, debuted in January on Netflix. It’s currently rated 78% Fresh on Rotten Tomatoes.
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Brevard County couple gets married in NICU after birth of premature twins
A Florida couple, told they may not be able to have children, welcomed premature twins and had an impromptu NICU wedding.
Provided by AdventHealth for Children
Ben and Danielle Cassidy were told they likely wouldn’t be able to have children.
But this year they will celebrate Mother’s Day just months after having an impromptu wedding in the AdventHealth for Children hospital’s neonatal intensive care unit shortly after Danielle gave birth to twins prematurely — a week before the Palm Bay couple was scheduled to get married.
Both babies, Joshua and Rhett, are doing well despite arriving nine weeks ahead of schedule on Jan. 19, 2026, just one day after their scheduled baby shower. With a proper wedding out of the question with two premature babies in the NICU, a nurse took action.
Issabel Kenkel, the nurse behind the ceremony, said she was already in wedding planning mode for her own upcoming nuptials when she found out the Cassidy family’s ceremony would be interrupted.
“I couldn’t just let them do something small. They needed decorations and something fun, so I spoke to the music therapist and the chaplain,” Kenkel said. In short order, a wedding was being planned for their hospital room and the couple was saying their vows in the company of their safely delivered newborns.
“When we found out we could request staff members to be on our team, that’s when we requested Issabel and having that kind of consistency from someone who has such a big heart and is so kind,” Danielle said.
The hospital ceremony was all the more special because of the Cassidy family’s own health struggles.
“I have five autoimmune diseases and didn’t really think I would have kids. It’s been a rough journey. When Ben and I met, we were floored at how much a miracle it was to have kids,” Danielle said.
Ben, who battled and beat cancer, said he was worried that his prior treatment would result in negative health outcomes for his future children. Having twins for him was an unexpected blessing.
“When we found out we were pregnant, we found it so shocking. We said, wouldn’t it be great if it was twins? It filled out our hopes and dreams list,” Ben said. “They’ve been miracles for sure.”
The Cassidy couple said there was so much fear and uncertainty when their twins were born nine weeks early. Being able to get married right away just made them feel all the better about the future.
“It was nice getting married because we didn’t have to wait any longer to make it official. It made it that much harder for her to get rid of me,” Ben said.
“The unknown made it scary,” Danielle added. “We had no idea how long we would be in the hospital. Our wedding was going to be at the beach with immediate family and parents. Having NICU babies, we realized we’d never be able to get to the beach. It was really special having the people who care for our babies be part of the ceremony.”
The couple hadn’t even planned to have a band at their wedding ceremony and now the hospital’s music therapist was performing live for them and the chaplain was conducting the ceremony, something nurse Kenkel said was just part of her job.
“The babies are going to have the best outcomes if the families are taken care of and going home happy,” she said. “Being in the NICU is already so stressful. This is just one more thing I could do to take care of my patients.”
Tyler Vazquez is the Growth and Development Reporter at FLORIDA TODAY. Contact Vazquez at 321-480-0854 or tvazquez@floridatoday.com. X: @tyler_vazquez.
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