Homebuilders set to capitalize on shifting demographics

The combination of investors making full-price — and often above — cash offers for houses and the pandemic-driven surge of new residents has made Florida, and the Gulf Coast in particular, increasingly unaffordable for both homebuyers and renters.

According to a January 2023 study by researchers at Florida Atlantic University, the Sunshine State is home to six of the country’s 10 most overvalued housing markets. No. 1 on the list is the Cape Coral-Fort Myers metro area. Tampa checks in at No. 6, followed by No. 7 Lakeland and No. 10 North Port-Sarasota-Bradenton.