Florida's Housing Market: Home Price Declines and Summer Slumps
Lakeland-Winter Haven, Florida, has been ranked as the second most at-risk metropolitan area for a home price decline in the next year, according to a report by CoreLogic. Factors such as overvalued home prices, unemployment, income growth, and delayed mortgage payments were considered in the analysis. However, some local real estate experts disagree, citing high demand, low supply, and a booming economy in the area. CoreLogic also noted that there are 43 other metropolitan areas in the US with similar risk levels.