For several years I have been advocating that climate migration will drive people from southern climes northward in the USA. Newsweek reported that 3 of 5 largest home price declines in the country were in metropolitan areas in Florida over the last year. Meaning people are beginning to realize that rising temperatures and rising sea levels will increasingly make Florida uninhabitable. Citing ATOM sources Newsweek said,
The biggest year-over-year decrease in typical profit margins—which can be calculated as the percentage difference between median purchase and resale prices—was recorded by ATTOM in the metropolitan area of Hilo, Hawaii, where the homeowners' margin was down from 80.5 percent in the second quarter of 2023 to 45.3 percent in the second quarter of 2024.
It was followed by Port St. Lucie, Florida (down from 95 percent to 73.9 percent); Daphne-Fairhope, Alabama (down from 49.8 percent to 34 percent); Crestview-Fort Walton Beach, Florida (down from 60.7 percent to 45.1 percent); and Naples, Florida (down from 84.9 percent to 69.2 percent).
This does not portend well for Florida.
Meanwhile my hometown of Syracuse was mentioned as being one of the fastest rising areas.
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