A Bubble soon to Burst? Naples and Miami Real Estate Booms Despite Climate Risks

By Douglas McIntyre  •  November 17, 2024

Naples and Miami have led U.S. markets in home price growth over the last five years, despite facing increasing climate-related risks. Doug McIntyre highlights that warm weather and low taxes continue to attract residents, but experts like Robert V. Jones warn of a potential downturn. Rising insurance costs and the risk of outward migration could cause a steep drop in property values. The next two years will determine if the boom trend persists or if climate risks finally impact these flourishing markets.

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