News Formal

Florida Housing Market Warning Issued by One of America's Biggest Banks

  • 📰 Newsweek
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 52%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Raymond James downgraded builder Lennar, citing its outsized overexposure in Florida, where the housing market shows signs of softening.

Citigroup's downgrade of homebuilders Lennar and D. R. Horton has spurred a warning from Raymond James, one of the biggest investment banking firms in the U.S., for Florida's sluggish real estate market.Read more: How to Calculate How Much House You Can AffordShares of the two homebuilders have been falling since Citi cut its ratings on both companies from 'buy' to 'neutral' and slashed its price target for Lennar from $174 to $164 and from $181 to $156 for D. R. Horton.

Read more: Tips to Help Sell Your Home for the Highest PriceThe difficult situation currently facing the Sunshine State's housing market, including skyrocketing home insurance premiums, the addition of resale inventory, and relatively high property taxes, has contributed to the sluggishness cited as a source of concerns in the coming months by both Citi and Raymond James.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 468. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Florida Homeowners Hit With Housing Market Double WhammyHomes are remaining unsold for longer amid high insurance costs in the state.
La source: Newsweek - 🏆 468. / 52 Lire la suite »

Florida Housing Market 'Getting Crazy' as Inventory TriplesThe rise of listings in the state is a sign that sellers are finally entering the housing market.
La source: Newsweek - 🏆 468. / 52 Lire la suite »

Florida Homes Empty as Housing Market Tumbles in Some CitiesThe metropolitan area of Cape Coral and Fort Myers had the highest rental vacancy rate in the country, according to a Redfin report.
La source: Newsweek - 🏆 468. / 52 Lire la suite »

Kevin O'Leary Issues Warning About Housing MarketThe 'Shark Tank' investor said high borrowing costs will likely remain high.
La source: Newsweek - 🏆 468. / 52 Lire la suite »

Housing Market Change Sparks Warning for Homebuyers in 3 StatesThe South has seen the coldest markets in the sector.
La source: Newsweek - 🏆 468. / 52 Lire la suite »

Florida Housing Market 'at Risk' in 13 Different CitiesThe Sunshine State is 'the epicenter' of a mismatch between supply and demand, according to a recent study.
La source: Newsweek - 🏆 468. / 52 Lire la suite »