The Tables Have Turned: Florida and Texas Are the Biggest Losers in the Housing Market as Ohio Emerges a Surprise Winner The notion that the American housing market is a tale of two coasts – where sun kissed cities like Miami and Austin thrive at the expense of their Midwestern counterparts – has been turned on its head.
Recent data from Redfin reveals that Florida and Texas are facing a reckoning, while Ohio emerges as a beacon of affordability. In Florida, prices have plummeted by up to 27.
8% in areas such as Austin, while Texas struggles with soaring property taxes and insurance costs driven by hailstorms, tornadoes, and Gulf hurricane risk.