Big surprise alert: 2022 was a big year for Florida real estate, passing New York to become the state with the country’s second most valuable residential real estate.
Florida surpassed New York state to become the country’s second most valuable residential real estate market. Florida metros account for eight of the 10 fastest growing housing markets in the country.
The combination of record-fast home value growth to start the year and a record number of newly built homes increased the total market value of residential real estate in the U.S. in 2022, despite price drops to end the year. California remains untouchable on its perch as the most valuable housing market in the country, but Florida was the big winner of 2022, jumping over New York into second place…