Florida may be heading towards a 'big investor selloff' in its housing market as oversupply and lessening demand result in falling rental incomes, according to one expert.Real estate analyst Nick Gerli, CEO of the property market Reventure App, says that rent cuts are widespread across the Sunshine State following a flurry of apartment complex construction.
Gerli posted a lengthy thread on social media site X, formerly Twitter, on Saturday outlining his assessment of Florida's housing market as a result of the challenging market for investor-landlords. Hundreds of X users subsequently shared the thread, with several replying to Gerli to tell him about their personal experience of the housing sector.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Northeast Florida realtors report stabilizing housing market with steady price growthThe Northeast Florida Association of Realtors October Market Statistics report revealed a trend of increased inventory and moderate price growth, signaling a stabilizing market.
Source: wjxt4 - 🏆 246. / 63 Read more »
Housing market hits highest inventory since 2019 as sellers flood the marketThe housing market is finally giving buyers some breathing room. After two years of skyrocketing prices and shrinking inventory, the number of homes on the market just hit its highest level since 2…
Source: nypost - 🏆 91. / 67 Read more »
Long-term Mortgage Rates Fall, Revitalizing Housing MarketLong-term mortgage rates have decreased, boosting home purchase interest and improving the stagnant housing market. Mortgage applications surged 6.3%, with purchase demand up 52% from last year. Though rates declined slightly, affordability remains a challenge.
Source: FOXLA - 🏆 445. / 53 Read more »
Housing market posts first gain in more than 3 years with dip in mortgage ratesThe housing market is showing signs of life at the end of 2024, posting its first monthly sales gain in more than three years in October as buyers took advantag
Source: 13WHAM - 🏆 256. / 63 Read more »