Property markets are not uniform within countries. It may be that Florida requires a price correction. That does not necessarily mean that a correction is required in say, Texas. In fact, as you rightly point out, some parts of Florida may require a correction, but others, no.
It's not intellectually adequate to say that it's going to be happening across the board except in the case of a general, rather than property price, recession.
Regards, Ivan
fed rate raises do cause national modifications(trends), as do dollar conversion rates for out of country investors