Florida is among the least stable housing markets in the country, according to a new study looking at market volatility over the last 25 years.
Overall, home prices in the state, as well as in Southwest Florida, have tripled since 2000. But, according to a study by Construction Coverage, the last 25 years have seen a lot of ups and downs in the housing market.
The study looked at the volatility of each state’s housing market, noting the likelihood of owners experiencing a 5% or greater drop in the value of their home. Florida residents faced a 33% chance of experiencing a 5% or greater drop in value of their home since 2000. That placed it among the 10 least-stable housing markets nationwide.