Florida's housing market was once red-hot. Now it's one of the coldest in the country.

Florida's housing market was once red-hot. Now it's one of the coldest in the country.

Jack Elka Photo/Getty Images

During the pandemic, Southern housing markets — especially Florida's — boomed as record numbers of people moved to the region for its lower cost of living and relatively affordable homes. However, Bankrate's 2025 Housing Heat Index shows that the trend is now reversing.

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