By Kimberly Miller
Palm Beach Post
South Florida’s housing market will plod along in 2025 similar to 2024 as a post pandemic economy finds its rhythm but with tax benefits, corporate relocations and warm weather-seekers remaining real estate’s backbone in the Sunshine State.
Economists do not expect mortgage interest rates to tumble.
There are no predictions that home prices, which in Palm Beach County hit a record median high of $659,999 in June 2024, will crash, although they are forecast to plateau.
The supply of single-family homes available to buy will inch up but remain anemic as potential sellers hold tight to rock-bottom interest rates.
And despite five landfalling hurricanes since 2022, only temporary setbacks in the hardest hit areas may be felt.
