Florida is currently grappling with high inflation and surging housing costs, leading to an uptick in the Consumer Price Index (CPI) for the state. "Home prices in Florida increased 55% from the start of the pandemic, well above the national average of 41%," BTI Partners CEO Noah Breakstone told CBS MoneyWatch. "As an influx of residents moved to the state following the pandemic in search of better weather and lower taxes, residential real estate has grown more expensive."