Although South Florida remains a hot market in the bustling Sunbelt region, that heat is causing some cracks in the local real estate market as other markets feel even more intense pressure from high interest rates.

While real estate markets like New York and San Francisco feel a sting from remote workers fleeing, markets like Miami and Austin seem to be thriving, partly because of the same phenomenon. But even growing markets can be prone to swings in the opposite direction.

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