So sellers will have to drop costs to where these buyers can now pay for. When market value drop lower than what is owed on these houses, search for foreclosures to start to take place once again. How does real estate work. own a home in Florida right now, you might 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 actually struck routinely for hundreds of years in the United States, and the next one is best around the corner. It's just math. Significant cyclones are also a typical event in Florida and have an effect on Florida home prices in the counties surrounding the impacted areas.Update: They have actually hit and all those folks who would have left every year for 10 years, however didn't since of the "typhoon dry spell", will now all wish to leave at once. More attention is being paid to sea level increase in a state with millions of properties just a couple of feet above sea level. That could have a big effect on Florida homes, insurance and prices. Wait till you see how the insurance provider respond to the enormous losses they are getting struck with from hurricane and flooding in 2017 and 2018 during the 6 month typhoon season in Florida.