Home Prices Nosediving: Florida Housing Market Update

Home Prices Nosediving: Florida Housing Market Update

Home Prices Nosediving: Florida Housing Market Update

REALTOR: Chris Igoe
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#housingmarket #realestate #florida

[Uncle.Papi.]

Mortgages rates are not even the problem. It’s overvalued homes, high taxes & insurance.

[jamesclark]

I love you! You make me laugh and explain it like it is! All realtors need to listen to you. You are correct!

[neryvargasgarcia]

Buyers have gotten smarter and refuse to buy in these crazy prices it has nothing to do with interest rates. When they know taxes and insurance and high prices are the real problem. Sellers need to get real.

[FraaaaaankRizzo]

Combination of prices too high and qualified buyers are becoming UNqualified due to job loss and or debt.

[jujulepew]

We WANT more new homes and condos and less people in bidding wars, and less migrants also.
Thank you

[joaquindelrio]

8 % Down when jump more than 100% is nothing.

[byronmcdougald]

That's exactly the Feds end game is my opinion.. lower rates One more time lure in the suckers, knowing even with lowering house prices the average consumer won't be able to afford it BAM! Its a sick JOKE

[wespotter]

Sellers in palm beach county are not getting the message. After a forty percent run up in the last four years they will cut ten thousand dollars off the price. That's not anywhere near enough to get a deal done. The place I have looked at for the is still on the market and they are holding firm. They continue to have to pay the carrying cross into a softening market.

[georgedoolittle]

*MIRACULOUS* news for Florida is that it has Brightline. Having followed and encouraged that item as one lawsuit after another tried to end that very well thought piece of *HARDLY* public transit it was indeed a miracle all got through. Just in time as events have played out to see how valuable these types of items that *ARE NOT ON A BEACH AT ALL* but supporting actual normal people in day to day work...now these types of items *IN THEORY* can offer the needed relief from a brutal downturn that one can hope as the US Federal Reserve starts easing *(but no relief from bear raids lead by the US Federal Government to drive up mortgage rates moar!)* so maybe this will start working in a manner that actually works *FOR* and not against as Washington DC people only do none of whom know what a business even is btw let alone "real estate work" and yes that is work, too😊

[brianfischer]

People do not take care or invest and their homes. Big contributing factor as well

[aFreeman]

Still waiting to see proof of this.
I will rent one of those 'nose divers' on the cheap, BUT THEY ARE NEVER LISTED.

[FLAC]

Mortgage brokers are not dumb, they know that people are BROKE...
They are not going to give out loans to people who can't even afford their car insurance just because rates are lower...

[sherlynbrown]

Homes are still expensive in California. My neighbor bought a 3 bedroom townhouse in Orange County for over 1 million. I don't know if prices will drop here anytime soon 😢

[barryfohn]

Most of Florida is an overcrowded, hot pile of ugly condos. The traffic is really bad and gets worse with each passing day. People are starting to realize FLORIDA has already been RUINED.

[geeval]

My wife and I have been foreseeing this for about 5 years. We're not experts by any stretch, but we have gotten away slowly by the traditional news and going into alternative means. We have retired, and knowing what you're presenting we have decided to blow out of the water all debt. I have a couple of friends that were in real estate and I would ask them how's the market until they found themselves quiting and getting other jobs. I feel deeply for what is happening. I pray with my wife daily for all who are suffering in this economy. Although we are not in the market in selling or buying, I enjoy and have learned a lot from your honest take of the situation. God bless.

[Superkaimon]

I dont think people appreciate quite what happened with the carry trade unwind. All those sellers had buyers. Who bought? A bunch of folks who were previously short selling the market. There isnt a massive level lower where big money will sell barring a black swan event so that is basically the bottom. It may sound odd but now that those short sellers spent a bunch of capital buying those shares we are likely priced below where most people think we should be. It might take days, weeks, or possibly months before we have another big reversal. Barring major recession issues popping up that was the bottom. If we do hit a recession I could see us going back to April lows, but lower than that is likely off the table for the market as a I've been engaged in active trading, which is generally safer, allowing investors to weather market volatility and also managed to grow a nest egg of around 2.3Bitcoin to a decent 24Bitcoin....I'm especially grateful to Linda Wilburn’s, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.

[tomjones]

When will the market fall out of bed? More like, when will the market shit the beg. The stage is set for it.

[frankrusso]

Huge increase last month in delinquencies with FHA's. 12.1%

[FLAC]

This is just getting started folks...
Warren Buffett is holding record cash...
He knows!!!

[antareschen]

Crash bros get so much excited when the house price stops going up lol 😂