Rental markets across the United States are reportedly beginning to cool, but Florida is likely to remain an exception thanks to the combination of enduring high demand and an inflated cost of living.
A recent survey shows nationwide renter’s markets are down more than 33 percent compared with last year.
Florida’s median rent for June was more than 1 percent less than a year earlier and more than 2 percent lower than in May.
But, true relief for renters in Florida is still far away, said Anne Ray, manager of the Florida Housing Data Clearinghouse at the University of Florida’s Shimberg Center for Housing Studies….