So sellers will have to drop rates to where these purchasers can now afford. When market costs drop lower than what is owed on these homes, look for foreclosures to begin to take place once again. What is wholesale real estate. 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 downturns have struck frequently for centuries in the United States, and the next one is ideal around the corner. It's simply math. Major typhoons are likewise a typical event in Florida and have an effect on Florida house costs in the counties surrounding the affected locations.Update: They have actually struck and all those folks who would have left every year for 10 years, but didn't because of the "hurricane dry spell", will now all wish to leave at as soon as. More attention is being paid to sea level rise in a state with millions of homes just a few feet above water level. That could have a substantial effect on Florida homes, insurance and prices. Wait until you see how the insurer react to the massive losses they are getting struck with from typhoon and flooding in 2017 and 2018 during the 6 month cyclone season in Florida.