So sellers will have to drop prices to where these buyers can now afford. When market costs drop lower than what is owed on these homes, search for foreclosures to start to take place once again. What is adu in real estate. own a house in Florida today, you might be rewarded with lower, possibly much lower Florida home rates within the next couple of years. Why? In addition to the above factors: Economic downturns have hit frequently for hundreds of years in the United States, and the next one is ideal around the corner. It's simply math. Major cyclones are likewise a typical incident in Florida and have an effect on Florida house rates in the counties surrounding the affected locations.Update: They have actually struck and all those folks who would have left every year for ten years, however didn't due to the fact that of the "cyclone drought", will now all wish to leave simultaneously. More attention is being paid to water level increase in a state with millions of residential or commercial properties just a couple of feet above sea level. That could have a substantial effect on Florida houses, insurance coverage and prices. Wait until you see how the insurance provider respond to the huge losses they are getting hit with from typhoon and flooding in 2017 and 2018 throughout the 6 month hurricane season in Florida.