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Ron DeSantis can’t rule out ‘correction in the real estate market’

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When it comes to housing prices, the principle of “what goes up must come down” historically applies.

And to that end, Gov. Ron DeSantis says that a dip in home values can’t be ruled out.

“Maybe there will be a correction in the real estate market. Although I’ll tell you, I think that there was more authentic demand in Florida this time than in 2000 and 2007. There was a lot of speculation then, I’m not saying there’s none now, but … a lot of people have wanted to come here,” DeSantis said, suggesting that the “authentic demand” existed but is now in the past tense.

The idea that a correction is underway tracks with a recent analysis by Realtor.com that suggests a lot of stale listings linger on the market.

Florida’s inventory of homes for sale as of February was at a record high, up 40% year over year and more than 7% over January’s number. The average home price is down more than $100,000 year over year in Bradenton and Sarasota.

Other regions show the same problems. The Elliman Report, which tracks closed home sales monthly, showed Miami-Dade and Broward sales were down more than 45% year over year in January. And the Northeast Florida Association of Realtors (NEFAR) shows a 39% year over year decline in Jacksonville and surrounding counties.

DeSantis made the comments to illustrate his desire to reduce or even eliminate property taxes, which would pass a burden to local governments reliant on millage rates.

He believes market flux is one reason property tax punishes homeowners who may have bought at the top of the market, suggesting that property appraisers won’t take into account a decline in market value.

“Say there is a correction. So you bought it at a rate, they assess it much higher, there’s a correction and they’re going to say, ‘I keep that assessment up there.’ They’re not going to lower the assessment. That’s really, really hard,” DeSantis said Thursday in Miami.

If a crash similar to what longtime Floridians have seen before happens, homeownership rates likely will decline and loan defaults likely will increase, based on historical data.

Regardless of whether a “correction” happens or not, high interest rates clearly have cooled a market that was red hot in the early years of the pandemic, with remote workers, retirees, and others flocking to the “Free State of Florida” to find better values than in other areas and to escape COVID restrictions.

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Drew Dixon of Florida Politics contributed to this report.


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Last Call for 3.6.25 – A prime-time read of what’s going down in Florida

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Last Call – A prime-time read of what’s going down in Florida politics.

Ed. Note — Sunburn is taking the night off and will return to your inboxes on Monday morning as we get over Peter’s ” bad hip day” (he is recovering nicely, by the way). Thanks for your readership and support. Stay safe!

First Shot

The Florida Chamber of Commerce supports Republican Nathan Boyles in the Special Election for House District 3.

“While Florida continues its growth and economic momentum, we need strong leadership committed to championing the policies necessary to further Florida’s global competitiveness, job creation, and a vibrant quality of life,” Chamber CEO Mark Wilson said.

“The Florida Chamber has put forth a strategic plan to make Florida a top 10 global economy by 2030, as well as create 1.45 million net new jobs, and we trust Nathan Boyles will help keep us on a pathway to get there as a member of the Florida House.”

Boyles is running to replace former state Rep. Joel Rudman, who left office to run unsuccessfully for Congress.

The HD 3 race is one of two legislative Special Primary Elections scheduled for April 1, with General Elections slated for June 10.

Boyles has run and won office before. He’s a former Okaloosa County Commissioner and a small-business owner.

“Throughout the past two decades, my wife and I have built and grown multiple successful small businesses in our Northwest Florida community,” Boyles said. “Having the support of the Florida Chamber of Commerce highlights my career as an entrepreneur and I look forward to partnering with them in Tallahassee to continue to build Florida’s strong workforce and champion economic opportunity.”

The Chamber endorsement comes the same day former Chief Financial Officer Jimmy Patronis also offered his support for Boyles, calling him an “America First fighter.”

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Nearly a month after the proverbial dust settled around whether she could return to the Legislature’s upper chamber, Rep. Debbie Mayfield is adding the Sunshine State’s chief business advocacy organization to her list of supporters.

The Florida Chamber officially backs Mayfield’s bid for Senate District 19, describing her as a “stalwart defender of free enterprise” who fights “against job-killing regulations.”

“Rep. Debbie Mayfield is committed to Florida’s future and will continue to work to help Florida maintain a pro-jobs climate and safeguard the strength of our growing economy,” Wilson said.

“She has proven through her years of service to the people of Brevard County that she is focused on job creation and furthering economic opportunity for all Floridians.”

Mayfield is one of four Republicans competing in an April 1 Primary for the SD 19 seat, which Brevard Republican Sen. Randy Fine is vacating at the end of this month to run for Congress.

“I’m proud to have the support of the Florida Chamber of Commerce,” Mayfield said in a statement. “They represent Florida’s brightest companies and job creators. Working together with President Trump and our Governor, we can expand Florida’s record-breaking job growth into the future.”

Other Republicans in the race include Marcie AdkinsMark Lightner and former Melbourne City Council member Tim Thomas.

Evening Reads

—“Donald Trump prepares order dismantling the Education Department” via Cory Turner of NPR

—”Trump grants one-month tariff reprieve to some goods from Mexico, Canada” via Mary Beth Sheridan, Michael Birnbaum and Abha Bhattarai of The Washington Post

—”Trump raids will now target migrant families who entered the U.S. with their children” via Julia Ainsley of NBC News

—”10 Democrats join with Republicans to censure Rep. Al Green for Trump speech protest” via Veronica Stracqualursi, Sarah Ferris and Annie Grayer of CNN

—”Ron DeSantis wants to repeal the red flag law. What is it?” via Romy Ellenbogen of the Tampa Bay Times

—”DeSantis warns Byron Donalds about missing votes. He missed plenty in 2018.” Via Kirby Wilson of the Tampa Bay Times

—”Florida is cracking down on Spring Break ‘chaos and mayhem,’ Gov. DeSantis says” via Gabrielle Russon of Florida Politics

—”Andrew Tate says he plans to live in Florida despite ‘hee haw’ over return to U.S. soil amid overseas charges” via Michael Ruiz of Fox News

—”The horrendous norovirus is hitting Florida hard. How to protect yourself.” via Cindy Krischer Goodman South Florida Sun-Sentinel

—”With ‘Sesame Street’ searching for a new home, Sesame Workshop undergoes layoffs” via Alex Weprin of The Hollywood Reporter

Quote of the Day

“The process has been taken over by out-of-state fraudsters looking to make a quick buck and by special interests intent on buying their way into our constitution.”

Jenna Persons-Mulicka on her bill making it more difficult to put constitutional amendments on the ballot.

Put it on the Tab

Look to your left, then look to your right. If you see one of these people at your happy hour haunt, flag down the bartender and put one of these on your tab. Recipes included, just in case the Cocktail Codex fell into the well.

While Ron DeSantis seeks to repeal parts of Rick Scott’s 2018 gun safety law, he can start with a fresh Red Flag.

As the Senate advances the end of a unique Florida law that prevents some exonerees from receiving recompense, looks like a great time for a round of Repeal Days (on us).

Since Peter is recovering from surgery, perhaps a Painkiller (or three) is in order. Be well, friend!

Breakthrough Insights

Tune In

Gators close out regular season on Saturday

Saturday marks the final day of college basketball’s regular season and the last chance for the Florida Gators to bolster their resume before the SEC tournament. The Gators host Ole Miss on Senior Night in Gainesville on Saturday (6 p.m. ET, SEC Network).

Florida (26-4, 13-4 SEC) is coming off a 99-94 win at #7 Alabama on Wednesday. Sophomore forward Alex Condon scored a career-high 27 points and grabbed 10 rebounds as the 5th-ranked Gators won for the eighth time in the last nine games. It was the second time this season the Gators beat a top 10 team on the road and the victory clinched the second seed in the conference tournament.

So, what does Florida have to gain on Saturday? With a win, Florida would almost certainly clinch a number one seed in the NCAA tournament. Before the win over Alabama, ESPN’s bracketology projected Florida as a #2 seed. Auburn, Duke, Tennessee, and Houston were projected as the #1 seeds.

But Tennessee lost at Ole Miss, likely bumping them from the top line and opening the door for the Gators to earn a top seed in a region.

Florida earned a top seed in 2007 and won the national championship. In 2014, Florida again was a #1 seed and advanced to the Final Four before losing to Connecticut. The Gators have not played in the NCAA Tournament since 2021.

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Last Call is published by Peter Schorsch, assembled and edited by Phil Ammann and Drew Wilson, with contributions from the staff of Florida Politics.


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An Oct. 7 survivor’s story moves hearts in Tallahassee

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On Ash Wednesday, an interfaith group of residents and leaders – including Rep. David Borrero – packed into Tallahassee’s Congregation Shomrei Torah to hear the testimony of Gal Cohen-Solal, a survivor of the Oct. 7, 2023, attack on Israel, when the tranquility of his Kibbutz Re’im in southern Israel was shattered as the community found itself under siege by Hamas terrorists.

The visit was organized by Faces of October Seventh, whose mission is to combat antisemitism through face-to-face connection, address a systemic lack of media coverage and bring Oct. 7 survivors to communities worldwide to share their personal testimonies.

Gal Cohen-Solal shares a photo of his family with audiences at Congregation Shomrei Torah in Tallahassee.

Cohen-Solal did just that and more.

He shared his account of the 30 harrowing hours he faced with his wife and three children, including the unimaginable challenges as they fought to stay alive amid the chaos. He described the horrifying reality of terrorists storming the kibbutz, targeting civilians and leaving devastation in their wake. He and his family relied on instinct, resilience, and each other to endure the ordeal.

And their ordeal isn’t over.

Even after help arrived nearly seven hours after they had first entered their safe room, they remained in survival mode for more than a day, unsure of what dangers still lurked outside. To this day, his children are left with fears of what might come next. Though his family ultimately emerged from the nightmare alive, the experience left an indelible mark on them, as it did on so many others who lived through that day.

Gal also shared the stories of some of his family members and friends who didn’t survive Oct. 7 or its aftermath.

One of these accounts was of a cousin, Shaul Greenglick, an aspiring singer who served as a captain called up as a reserve in Gaza. Gal highlighted Shaul’s humanity with a photograph of him aiding an elderly Palestinian woman to safety and shared how this very kindness is what led to Shaul’s death.

Given intel of terrorists in a building, Shaul’s unit was concerned about the presence of civilians. Instead of an airstrike, they went in on the ground with the intent of avoiding civilian casualties. But the building was set up as a trap and exploded when they entered.

A young man’s dreams were cut short and their family shattered.

Shaul Greenglick singing in a competition to attend Israel’s Eurovision.

Cohen-Solal’s key message to the audience was clear: the world must remember Oct. 7. He urged each person in the room to take a part of his story and pass it on, ensuring that the truth of what happened is never forgotten. His testimony served as both a personal account of survival and a broader call to action, reminding those in attendance of the ongoing resilience of the Israeli people in the face of terror and adversity.

By the time he finished speaking, there wasn’t a dry eye in the room. Overcome with emotion, the audience rose to their feet in a standing ovation, a powerful display of both sorrow and solidarity. Cohen-Solal’s story had not only moved them but also left a lasting impact, ensuring his message would be carried forward.

“As I sat in the room with my wife and our 10-month-old baby, listening to Gal Cohen-Solal recount the unimaginable horrors he and his family endured, I was deeply moved – not just as a legislator, but as a father, as a husband and as a person of faith,” said Borrero. “His testimony was a stark reminder that the pain of Oct. 7 is not in the past; it is still very much alive. We must ensure that the world does not look away. This issue transcends politics. It is about humanity, justice and standing against evil. The stories we heard tonight must be shared so that truth prevails and history never forgets.”


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Florida Chamber backs Nathan Boyles to help make Florida a top 10 global economy

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The Florida Chamber of Commerce is backing Republican Nathan Boyles in the Special Election for House District 3.

“While Florida continues its growth and economic momentum, we need strong leadership committed to championing the policies necessary to further Florida’s global competitiveness, job creation, and a vibrant quality of life,” Chamber CEO Mark Wilson said.

“The Florida Chamber has put forth a strategic plan to make Florida a top 10 global economy by 2030, as well as create 1.45 million net new jobs, and we trust Nathan Boyles will help keep us on a pathway to get there as a member of the Florida House.”

Boyles is running to replace former state Rep. Joel Rudman, who left office to run unsuccessfully for Congress.

The HD 3 race is one of two legislative Special Primary Elections scheduled for April 1, with General Elections slated for June 10.

The races are necessitated by a huge political shuffle resulting from President Donald Trump’s appointments of several Florida officials to Cabinet and administration posts. Rudman had sought Florida’s 1st Congressional District, which was vacated by former U.S. Rep. Matt Gaetz after Trump tapped him for U.S. Attorney General, a post Gaetz ultimately did not seek amid ongoing scandals that were clouding his path toward Senate confirmation.

Boyles has run and won office before. He’s a former Okaloosa County Commissioner, and a small-business owner.

“Throughout the past two decades, my wife and I have built and grown multiple successful small businesses in our Northwest Florida community,” Boyles said. “Having the support of the Florida Chamber of Commerce highlights my career as an entrepreneur and I look forward to partnering with them in Tallahassee to continue to build Florida’s strong workforce and champion economic opportunity.”

The Chamber endorsement comes the same day former Chief Financial Officer Jimmy Patronis also offered his support for Boyles, calling him an “America First fighter.”

Both come three days after Americans for Prosperity Action Florida announced it is backing Boyles in the race.

Boyles is one of eight Republicans competing in a Primary for the party’s nomination in HD 3, which covers all of Santa Rosa County and an inland portion of Okaloosa County.

With more than $22,500 in-pocket as of the latest reporting deadline, he’s raised the most outside dollars in the contest. His closest competitor, Assistant State Attorney Hayden Hudson, has amassed slightly more, but about 40% of his gains are self-loans.

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Jesse Scheckner of Florida Politics contributed to this report.


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