Early signs of a recovery in Florida’s housing market should start to quiet the chatter surrounding the state’s real-estate and migration slump of the past few years. But Florida is unlikely to return to the model of rapid population growth and construction that have helped it boom.
A surge in the cost of housing and insurance since the late 2010s means Florida no longer offers the kind of value to the middle class and out-of-state retirees that it once did. Instead, migration to Florida will now be more skewed toward the rich, who are drawn to the state’s tax code ...