Leaving Florida 7/24/26

Summary

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Episode Overview

Podcast: Your Money Minute
Host: Jessica Ettinger (CNBC)
Episode: Leaving Florida 7/24/26
Date: July 24, 2026
Theme:
This episode examines the surprising trend of people now moving out of Florida after years of it being a prime retirement and relocation destination. Drawing from recent data, CNBC explores why the Florida real estate market is cooling, what’s driving sellers to leave, and where the market heat remains.

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Key Discussion Points & Insights

• Shift Away from Florida as a Retirement Destination
  Jessica Ettinger opens the episode noting a reversal in migration trends:

  • “Once upon a time, people wanted to retire and move to Florida. These days, maybe not so much. The people there are trying to get out.” (Jessica Ettinger, 00:02)

• Real Estate Data: Price Cuts & Inventory Surge
  The episode highlights fresh data from Parcel Labs showing market changes:

  • “The percent of active listings that have a price cut is well above the national rate.” (Guest, 00:12)
  • “There are so many homes for sale in Florida that 1 in 7 homes in Florida [is] for sale.” (Guest, 00:21)

  CNBC’s Diana Olick provides further analysis:

  • “One in every seven homes in Florida is on the market. Of course, all real estate is local. It's not everywhere in Florida you've got this issue…” (Diana Olick, 00:27)

• Market Dynamics: Regional Differences
  Discussion clarifies that not all parts of Florida are experiencing the same trend:

  • “There are parts of Florida that are really softening. But it goes, you know, market to market. Tampa is kind of having the big problems right now. Miami still seeing an influx of buyers.” (Diana Olick, 00:38)

• Pandemic Boom and Current Bust
  Jessica Ettinger revisits the recent history that set up these conditions:

  • “Back in 2020 as the pandemic took hold, people picked up and moved to Florida and so much demand sent home prices soaring.” (Jessica Ettinger, 00:56)
  • “Now some of those same people are leaving and they're still trying to make back the pandemic price they paid for that property. Many with no luck.” (Jessica Ettinger, 01:03)

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Notable Quotes & Memorable Moments

• Turning Point in Florida’s Real Estate Market
  • “These days, maybe not so much. The people there are trying to get out [of] Florida.” — Jessica Ettinger (00:04)
• Sheer Scale of Homes for Sale
  • “One in every seven homes in Florida is on the market.” — Diana Olick (00:27)
• Insurance & Costs Drive Departures
  • “The costs are going up, higher insurance prices, people are moving out of the state.” — Diana Olick (00:38)
• Pandemic Price Regrets
  • “Now...they're still trying to make back the pandemic price they paid for that property. Many with no luck.” — Jessica Ettinger (01:03)

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Key Timestamps

• 00:00 – 00:11: Introduction & overview of shifting trends (Jessica Ettinger)
• 00:12 – 00:26: Recent data on price cuts and inventory (Parcel Labs / Guest)
• 00:27 – 00:49: Local variability in Florida’s markets, regional highlights (Diana Olick)
• 00:56 – 01:21: Pandemic-driven demand, subsequent reversal, and sellers’ struggles (Jessica Ettinger)

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Further Resources

• To learn more about U.S. real estate trends, visit cnbc.com/realestate
• For in-depth market newsletters, sign up for Diana Olick’s Property Plane on CNBC.

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Transcript

[A]

With a CNBC you money minute. I'm Jessica Ettinger. Once upon a time, people wanted to retire and move to Florida. These days, maybe not so much. The people there are trying to get out

[B]

Florida. Parcel Labs had some data last couple of days. The percent of active listings that have a price cut is well above the national rate.

[C]

Yeah. And it also shows that there are so many homes for sale In Florida that 1 in 7 homes in Florida for sale. According to Parcel

[A]

Labs C CNBC's Diana Olich with Carl Quintanilla One in every seven homes in Florida is on the market. Of course, all real estate is local. It's not everywhere in

[C]

Florida you've got this issue of the costs are going up, higher insurance prices, people are moving out of the state. And so there are parts of Florida that are really softening. But it goes, you know, market to market. Tampa is kind of having the big problems right now. Miami still seeing an influx of buyers. Back in 2020 as

[A]

the pandemic took hold, people picked up and moved to Florida and so much demand sent home prices soaring. Now some of those same people are leaving and they're still trying to make back the pandemic price they paid for that property. Many with no luck. You can see a lot more on real [e-mail] that's also where you can sign up for Diana's Property Plane newsletter. I'm Jessica Ettinger. Cnbc.

[D]

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