House prices in these pandemic hotspots are set to nosedive, real estate expert warns

New Photo - House prices in these pandemic hotspots are set to nosedive, real estate expert warns
House prices in these pandemic hotspots are set to nosedive, real estate expert warns

House prices in regions that flourished during the pandemic are set to nosedive with four major metropolitan areas worst-affected, a new report claims. Among the ten housing markets experiencing the quickest cooldown, six are located in Florida, with an additional two in Texas. In western Florida, housing markets are experiencing the most extreme drop. The decrease is attributed to increasing natural disasters, surging new constructions, sky-high insurance costs and the decreasing pandemic-era home buying boom, according to data from Redfin.
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