The number of motivated sellers in Florida has grown in the past two weeks as the state's insurance crisis continues to unfold.
The number of 'motivated sellers' in Florida has grown in the past two weeks, as more homeowners are trying to offload their properties quickly amidst a worsening of the state's insurance crisis.As of Wednesday morning, 204,833 properties, including single-family and multi-family homes, apartments, condos, townhomes, and lots, were listed for sale on Zillow.
Matthew Walsh, Moody's Analytics housing economist, previously told Newsweek that Texas and Florida are the two states that, in absolute terms, started construction on the most units in 2023. In per capita terms, he said, Idaho, North Carolina and Florida led the U.S. in new home construction over last year.According to data shared on ResiClub, Florida's active home-for-sale inventory increased by 45.8 percent year-over-year in February, while Texas's increased by 22.8 percent.
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