For buyers, sellers, and investors, these trends highlight both challenges and opportunities across the Sunshine State.
Foreclosures Surge Nationwide — Florida Among the Hardest Hit
In July, 36,130 properties nationwide received foreclosure filings — up 13% year-over-year and marking the steepest increase of 2025 so far.
- Nevada ranked No. 1 with 1 in every 2,326 homes facing default.
- Florida ranked No. 2, with 1 in every 2,420 housing units receiving a foreclosure notice.
This uptick is a stark reminder of affordability pressures, high insurance costs, and the weight of elevated mortgage rates on homeowners.
Affordable Housing Act: Gains With Friction
The Live Local Act, passed in 2023, was designed to boost Florida’s affordable housing supply through property tax incentives and streamlined project approvals.
According to Florida TaxWatch:
- The law has already supported construction of 3,171 affordable units.
- Some local governments, however, have opted out of the tax incentives, creating “real friction” in its rollout.
While progress is clear, the debate underscores the challenge of balancing growth with affordability.
Property Tax Debate Heats Up
Florida Governor Ron DeSantis has criticized local governments for rising property tax bills, even when tax rates remain unchanged.
Why? Higher home values mean higher assessed values — and bigger tax bills for residents. With affordability already strained, this issue is expected to remain a flashpoint heading into 2026.
South Florida Sellers Delisting Homes
In Miami-Dade, Broward, and Palm Beach counties, more sellers are pulling homes off the market. Many listings sit unsold as buyers push back against overinflated prices and affordability concerns.
Delisting trends highlight:
- Sellers unwilling to cut prices
- Longer days on market
- More leverage shifting toward buyers
Condo Lending Under the Microscope
Buying a condo in Florida has always come with unique challenges — and now, regulatory hurdles are adding to affordability pressures.
The Florida Association of Mortgage Professionals (FAMP), at its annual Orlando convention, is calling for updated condo guidelines to help:
- Streamline mortgage approvals
- Expand financing access
- Support both buyers and lenders in a tighter market
What This Means for Buyers and Investors
Despite headlines of foreclosures and tax debates, Florida remains a top destination for retirees, Canadians, foreign nationals, and investors. The market is shifting, but opportunities are emerging as sellers adjust expectations and new housing initiatives take hold.
How Lendworth USA Helps You Navigate Florida Real Estate
At Lendworth USA, we specialize in financing solutions tailored to Florida’s unique housing market:
- FHA, USDA, and VA loans for U.S. buyers
- Foreign national mortgages — no U.S. credit history required
- Equity-based lending for investors and self-employed borrowers
- Refinancing strategies to improve cash flow amid rising costs
Whether you’re buying, investing, or refinancing, we provide fast, flexible mortgage options that adapt to market conditions.
📞 Call Lendworth USA today to discuss your mortgage options and take advantage of Florida’s evolving real estate landscape.