Once a pandemic boomtown where people could work remotely from the ocean, Cape Coral, Florida, has turned into a housing market nightmare - especially for sellers.
From 2020 to 2022, thousands of buyers moved to the city that's full of canal-side homes and docks for boating enthusiasts.
Over those three years, the median home price soared 75 percent to $419,000, and the area began drawing investors looking to rent their properties out.
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