Agents say Cape Coral’s housing market is correcting, not crashing

Cape Coral Realtors push back on WSJ's housing market label

The Wall Street Journal on June 30 pegged Cape Coral as having “the worst housing market in America” — stated in a headline — after home prices fell sharply from a COVID-19 pandemic-era boom, leaving a glut of inventory on the market and recent buyers underwater on their mortgages.   Southwest Florida Realtors responded to The Journal, arguing that the article’s lack of context made it an inaccurate portrayal of what they view as a healthy marke…

Agents say Cape Coral’s housing market is correcting, not crashing

Headlines that call Cape Coral, Florida, the “worst housing market in America” and liken it to precursors of the 2008 financial crisis have garnered discussions across the real estate industry. But local experts and data suggest the reality is far more nuanced. While a recent article from The Wall Street Journal highlighted falling home prices, empty open houses and investor pullbacks, agents who spoke with HousingWire think that the southwest F…