Elevated housing prices in Florida are making it a market mostly for move-up buyers and empty nesters, according to a new report from Florida Atlantic University and Florida International University.
"It used to be that you didn't need a big salary to afford a home in the Sunshine State, but those days are over," Ken H. Johnson, Ph.D., a real estate economist in FAU's College of Business said in prepared remarks.
"Florida's relatively low incomes should make housing affordability a key issue for a long time."
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