F
lorida's economy is heavily influenced by the real estate market, making it essential for policymakers, residents, and Realtors to stay informed about upcoming trends. At the Florida Real Estate Trends summit on January 31, Dr. Brad O'Connor, Chief Economist of Florida Realtors, will share his insights on the state's economic outlook and housing market.

    O'Connor will discuss key trends in mortgage rates, home prices, affordability, sales, inventory, migration, and job growth across Florida. He will also provide projections for the coming months. The summit is a cornerstone event of the 2025 Mid-Winter Business Meetings, taking place from 12:30-1:30 p.m. at the Hyatt Regency Orlando.

    According to O'Connor, Florida's housing market faces challenges in 2025, including high mortgage rates and insurance costs, which impact affordability. However, he notes that the state's economy remains strong, with people continuing to move to Florida in large numbers. This is expected to drive home sales growth, although it may take some time.

    The Real Estate Trends summit will explore when this growth is likely to occur. Attendees can participate either in person or virtually by accessing the Livestream link on the Florida Realtors' member website.