BREAKING! - FLORIDA INVENTORY EXPLODES 1000% - TAMPA MIAMI & ORLANDO MARKET UPDATE

Is the Florida real estate market headed for a housing crash in 2024? Are the Tampa, Miami, and Orlando housing markets spiraling into a downturn this summer? This video provides a comprehensive update on each market, highlighting the most recent National Association of Realtors data revealing massive changes happening right now in Florida's top three housing markets. It also provides expert analysis and predictions for how all of these changes will impact the market going into the fall.

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📣 Jared Jones, Licensed Real Estate Broker and Owner of Jared Jones Real Estate. He is one of the most experienced agents on the planet with having sold more than 4,000 homes across Las Vegas, Reno, Memphis, and Central Florida. He has flipped more than 200 properties profitably for himself and clients. Despite being very blessed by Almighty God in my Real Estate Career - DO NOT, construe anything I say on YouTube as investment advice. All Video Content is informational only is not to be construed as legal, investment, or tax advice. Seek advice on all of your own personal decisions by reaching out to licensed professionals in your field of investment, in your area, or relating to any other personal matter you are seeking to make a decision upon. Real Estate investing, buying, or selling comes with inherent risks. My opinions are my own.

[Bob-bbur]

People in Florida especially elderly on fixed incomes are losing their homes because of skyrocketing Insurance prices

[nicolasbenson]

I think it's time to make it more appealing for potential buyers. Real estate can be quite the rollercoaster! the stress and uncertainty are getting to me. I think I'll cut rents to attract potential buyers and exit the market, but i'm at crossroads if to allocate the entire $680k liquidity value to my stock portfolio?

[immasher]

The house prices are WAY 2 HIGH! Condos are still way too expensive when you factor in insurance and the out of control HOA'S!

[jromero]

l live in Miami. I. have been keeping an eye on my local area. There is a lot of inventory sitting on the market. I am noticing more price cuts especially in condos like $25k and still not being sold. When I ask friends, family and co-workers about prices. They say Miami is different and is going to keep going up. Yeah right I tell them. I don't seem so crazy now. I also just a. 3/2 townhouse in Pembroke Pines that I am interested in. Listed in 10/2023 $370K 3 price changes laters. New asking price is $300k. I am still waiting patiently. the worst is coming if you ask me.

[troypollonais]

When your house goes from being worth $250, 000 to $400, 000 in 4 years, that overvaluation has to correct itself

[eprofessio]

I was checking the foreclosure only website and there are thousands in central Florida.

[cactushound]

The fact that home owners insurance here in Florida has gone through the stratosphere is why people are not buying houses in this State. Thus creating the surplus. And don't forget the high property taxes are probably factored in this too.

[nole]

The Florida housing market is in a huge bubble. The prices are unsustainable. Eventually something will trigger it to crash/pop. If you buy now you’ll likely take a bath.

[kokomo]

HOA/MAINTENANCE FEES. No one can afford them since they have skyrocketed over the last couple of years. Some as much as a thousand percent. Some quadrupled.

If you buy Anything in Florida check the HOA/maintenance fees fine print.

[chrisweidner]

When you see you have to pay $400-700 monthly HOA for a 430-500 sq ft. apartment, other choices have to be made. Forcing to pivot from a lifetime plan for retirement. Sigh. Also, prices more than doubling in 3 years. Madness.

[georgehintenbergerpa]

Pinellas county May Inventory up 106%, sales -2%…. Inventory is out pacing sale. As a realtor I feel the shift in the market.

[Alexandra-ekbb]

Have you also seen the ridiculous rent prices that Florida condo and house owners are asking, who can’t sell??

[faerydae]

There’s a house that I’ve been watching that has been trying to sell since January. They were asking 380k, it went pending twice, back on the market, and now it’s down to 320k, it’s pending again and who knows if it’ll sell. I’ve been seeing neighborhoods that had 0-1 houses for sale, and now there’s 6-7. Price cuts have finally started happening, but we still need it to go down by 30% to go back to normal. If only we could pass laws to stop investors (hedge funds and mom and pop) we’d have even faster price drops.

[CaptainCaveman]

The poop show is just getting started in Florida/Texas/Arizona. The builders will either keep building themselves right off a cliff, or realize they already overbuilt and lay off an ocean of tradesmen...triggering a recession.

[collins.l]

I’m closing in on my retirement and I’d like to move from Minnesota to a warmer climate, but the prices on homes are ridiculously high and Mortgage prices has been skyrocketing on a roll(currently over 7%) do I just invest my spare cash into stock and wait for a housing crash or should I go ahead to buy a home anyways

[nickmattio]

Come down to Naples, FL here where $700k gets you a 1500sqft single family house especially West of I-75 that needs easy $125k+ in renovations on a 7500sqft lot or about 2k/month rent for an avg 1 bedroom yet median household incomes are around $100k here, tell me how that math works out

[BradleyJ_FL]

There is so much new construction hitting the market that I believe people listing their older homes for market value are going to in for a shock. Thousands of new homes and townhomes are getting ready to slam PSL in the next year.

[standinginthegap]

I appreciate it. Somebody needs to tell the truth. I work in Florida and it’s going down hill fast in many areas including housing

[jbwentworthe]

If a person is buying a house/condo., only to sell 10 months later - sounds like " flipping", a contributing cause of "Mad Max" price escalation along with turning Communities into "Hotel Districts" thanks to ABNB.

[Funtimes]

We need real honest insurance companies that won’t run away or complain when it’s time to be an insurance company.