"South Florida had the seventh highest percentage of equity-rich mortgaged residential properties out of more than 100 metro areas across the U.S....Brokers have credited a spike of wealthy families heading toward South Florida for the meteoric rise in home prices..." (Article link below.)
https://www.bizjournals.com/southflorida/news/2025/02/03/south-florida-equity-rich-homes-mortgages-us.html