So sellers will need to drop costs to where these purchasers can now pay for. When market value drop lower than what is owed on these homes, look for foreclosures to begin to occur again. What is a real estate developer. own a house in Florida right now, you may be rewarded with lower, perhaps much lower Florida home rates within the next couple of years. Why? In addition to the above factors: Economic crises have hit frequently for centuries in the US, and the next one is right around the corner. It's just mathematics. Significant typhoons are likewise a typical occurrence in Florida and have an effect on Florida house prices in the counties surrounding the affected areas.Update: They've hit and all those folks who would have left every year for 10 years, however didn't due to the fact that of the "hurricane drought", will now all want to leave at once. More attention is being paid to water level increase in a state with millions of residential or commercial properties just a few feet above sea level. That might have a substantial influence on Florida homes, insurance coverage and rates. Wait till you see how the insurance business respond to the enormous losses they are getting hit with from typhoon and flooding in 2017 and 2018 during the 6 month typhoon season in Florida.