Hurricanes and Insurance Hurt Miami Housing Market

By Douglas McIntyre  •  July 31, 2025

Douglas McIntyre, Editor-in-Chief at Climate Crisis 24/7, reports that home prices in Miami have fallen sharply—down 4.7% overall, and up to 17% in certain neighborhoods. The driving forces? Increasing hurricane threats and skyrocketing or unavailable home insurance. Once a magnet for newcomers, Miami’s housing market is now cooling under the weight of climate and economic risk.

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