Florida housing market freefall: Cape Coral down 19%, Fort Myers 13%, banks start to feel the pain
Florida’s housing market didn’t cool. It cracked. Pandemic money, remote-work fantasies, and short-term rentals pretending to be long-term investments pushed prices to unsustainable heights. Now the air is rushing out. Cape Coral homes lost nineteen percent of their value. Fort Myers dropped thirteen percent. Sarasota, Naples, Miami, all sliding. These aren’t small corrections. They are …