Miami and Tampa Facing Slow Home Sales

Douglas McIntyre, Editor-in-Chief at Climate Crisis, discusses the challenges facing the Miami and Tampa real estate markets. Homes in these areas remain on the market far longer than the national average, a trend largely driven by the aftermath of major storms. Skyrocketing insurance rates and the inability to secure mortgages without property insurance are making it difficult to sell homes, signaling a sharp decline in demand and a probable drop in home prices.