Florida Home Prices Fall Amid Rising Insurance Costs and Climate Risks

Douglas McIntyre, editor-in-chief at Climate Crisis 24/7, highlights a 7% drop in home prices in Orlando and Tampa, with sharper declines in Miami. He attributes the trend to rising insurance costs caused by climate change-induced hurricanes and tornadoes, and warns that worsening storms and uninsurable properties may drive more residents out of Florida, potentially reversing its decades-long housing price growth.