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.
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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.
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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
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