Florida Housing Market 'Getting Crazy' as Inventory Triples

The jump in listings of homes for sale in Florida points to a market that is about to experience price declines and sellers entering the market, a real estate analyst pointed out on Tuesday.Nick Gerli, CEO and Founder of real estate analytics firm Reventure Consulting, pointed out in a series of posts on X, formerly Twitter, that housing prices in the Sunshine State could be on the way down.'This housing market downturn in Florida is getting crazy,' Gerli said in a post.

That dynamic created above-than-normal competition for homes that helped push up prices as the new residents snatched up homes and ratcheted up demand for properties.But four years later, the migration of new residents to the state has slowed and interest in homes from buyers has cooled amid historically high mortgage rates. Florida also has struggled with soaring homeowners insurance costs that are dissuading potential buyers and leading to some homeowners looking to sell their homes and move.

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

Florida Housing Market WarningSkyrocketing homeowners insurance premiums might be playing a role in the rising number of Florida foreclosure filings.
แหล่ง: Newsweek - 🏆 468. / 52 อ่านเพิ่มเติม »

California's Housing Market Is Getting Worse for BuyersHome values in cities in the Golden State keep going up, according to real estate firm Zillow.
แหล่ง: Newsweek - 🏆 468. / 52 อ่านเพิ่มเติม »

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.
แหล่ง: Newsweek - 🏆 468. / 52 อ่านเพิ่มเติม »

State's 'Progressive' Policies Blamed for Housing Market Crisis: ReportCalifornia's home prices have soared since the pandemic.
แหล่ง: Newsweek - 🏆 468. / 52 อ่านเพิ่มเติม »