Why Is Everyone Leaving Texas and Florida?

Why Is Everyone Leaving Texas and Florida?

Right now, there are over 260,000 homes on the market in just Florida and Texas, which make up a whopping 30% of all homes available in the entire United States.

Now, you might wonder: Why are so many people leaving these popular states? After all, Texas and Florida are highly ranked in population, and many consider them to be ideal places to live.

Here's what's going on:

Insurance Crisis: Florida is facing a huge insurance crisis, with rising premiums that make homeownership unaffordable for many. But it's not just Florida—Texas has some extreme weather too, making homeowners feel the pinch. People bought second homes with dreams of vacations in the sun, but now the rising insurance costs are making those dreams less appealing.

The Golden State Perception: Meanwhile, many like to point fingers at California, saying people are fleeing because of its laws. But as a real estate agent in Southern California, I can tell you—those claims don’t fully line up with the numbers. California’s issues aren’t driving people away as much as people think, despite all the buzz.

So, before jumping on the "everyone's leaving" bandwagon, let's remember: Florida and Texas are seeing a shift for some real, financial reasons that go beyond the weather.