ST. PETERSBURG, Fla. — Housing affordability is now a defining issue for many Floridians, according to discussions at this week’s Florida Policy Project Summit.
Industry leaders, including Realtors, builders, business owners, and elected officials, have gathered to address mounting concerns over the state’s housing market.
What You Need To Know
- The Florida Policy Project hosted its third annual summit in St. Petersburg this week
- Affordable housing took center stage, with a focus on interest rates, market trends and insurance premiums
- Officials with the Florida Policy Project say young homebuyers and seniors citizens are the most affected by affordable housing challenges
According to Zillow, the average home price in Florida is currently around $375,000, which is significantly higher than the prices buyers faced before the COVID-19 pandemic…