IS THE HOUSING MARKET HEADING FOR A CRASH??

IS THE HOUSING MARKET HEADING FOR A CRASH? ARE HOME PRICES PLUMMETING?
I am breaking down what is happening in the Florida housing market and what your should be prepared for.

Connect with Lisa: 941-373-5880
Sarasota Neighborhood Experts brokered by ΓEA⅃ Broker

00:00 INTRO
01:10 HOUSING INVENTORY
03:15 HOUSING PRICES
03:22 MYTHS IN TODAY'S REAL ESTATE MARKET IN FLORIDA
05:12 NEW CONSTRUCTION HOMES
06:34 PRICES DECLINING
07:28 INTEREST RATE DROPS
08:10 SELLERS PREPARE FOR THIS MARKET
09:47 CONDO CONCERNS
10:30 BUILDER INVENTORY
11:15 BUYERS MARKET

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I am a Realtor® with REALBrokerage | Sarasota Neighborhood Expert
I am licensed to sell real estate in the state of Florida

📲 C A L L / T E X T ➳ 941-373-5880

[PARRIS]

Thank you for the update and your honesty.

[jesusjaumot]

Nobody says there will be a Crash, only a correction!😊

[jamesoleary]

Good content, but! If prices haven't come down why are all SW FL realtors saying "don't even think about listing for what your neighbor got two years ago"? Why not if prices haven't come down? I see 1600+ sq ft pool homes now for $350K. Two years ago $450K.

[info]

If you look at the chart at 3:19 and use 2019 as a benchmark we are still in a real estate boom. If you bought in 2016 and have 400k in equity, who cares about a 20k price decline?
If you use 2024 as a benchmark, we are down a small amount, but it is not like everyone in Sarasota went out and bought a house in 2023, so who is down?
Luxury homes $2 Million+ and vacation homes tend to track the stock market and the market is close to a all time high. If you make a bundle in the market, a 5% increase/decrease is not an issue.
Sarasota has lots of part time vacation homes, so if the stock market tanks, prices will suffer greatly.
Workforce housing is a real issue, there are lots of jobs in Sarasota, but if you can't afford to rent a apartment those jobs go unfilled. In the construction industry everyone is working full out, this is boom times.
Phillipi creek flooding will take many of those homes off the market permanently, they will keep flooding and will have to be elevated.

[georgedoolittle]

Florida real estate isn't local. Used to be literally zero humans in the entire State so in fact is very modern starting on or about 1950 for the totality of new builds meaning all the infrastructure is top of the line Cold War Era, all top of the line HVAC, all top of the line *"housing thought"* with set backs, a driveway, a garage, a boat launch, *"planned communities"* usually with standard golf course. Now has supertalls and unique to Florida a type of "apartment" thing. Make no mistake tho crazy oppressive humidity is still all of Florida so is suddenly on sale for a reason. Plus very few "natives" meaning a population that in massive numbers might suddenly decide to leave as happened in 2008. Make no mistake *HAS ALREADY CRASHED* started 2 Years ago in Florida and across most of the USA with the stock market crash of 2022. Biggest problem since then however is China property bubble has burst and now starting to "feel" that in both Florida and the Pacific Northwest where dollar amounts invested at peak were in the hundreds of *BILLIONS* in US Dollars. Added to this now is Russia invading all of Europe 2 Years ago so now that foreign money is drying up too. Add to that Canada in the biggest property mania in Human History there so that is now in free fall and they too are very high quality real estate investors. Despite all this development still proceeds needs noting but yes taken together all of this means a *MASSIVE* price correction down still well underway #undertow #buyers_market #open_outcry 😊

[kdtune]

Slash rates back to zero, prices will almost double by next summer, which means housing along with food and meds and insurance, vehicles will be in hyperinflation.

[mhammer]

The so-called housing market should crash. The real estate clubs have kept the prices so high for maximum commission. I would like to see a stop to this.

[karnevil]

The big question mark that seems more often than not to elude these videos on the state of RE is the future expectations for the economy which for a lack of a better way to put it is cloudy at best. The stock market indexes have held up more or less from a handful of stocks that now have crazy valuations. Remove them from the indexes and things don't look so great. Something like 40% of the stocks in the Nasdaq 100 are down 50% from their 52 week highs. Historically when the fed actually starts to cut rates the stock market sharply corrects which definitely can negatively impact the wealth effect. Some economists say we are already in a recession which will only be realized later in the cycle. Just seems risky right now and I think the next 6 to 8 months will be very telling as far as the clarity whether it be good news or bad for the economy. From my vantage point it is a wait and see scenario for a all cash purchase with a 5.3% buffer earned in short term t-bills to offset any unanticipated RE gains.

[Tito-ffgb]

I won't pay not even 5 bucks for a Florida home. That state is horrible...

[denisriddiford]

Please leave your charts up long enough to read them

[rrcbiker]

Waterside prices keep going up. A 2, 000 sf lake front home is pushing $1M. Outrageous!

[vajona]

What's worse than affirmative action talking nonsense?

[Culverbenz]

Houses here in Jwcksonville have been listed for 3 years and havent sold. At this point idk whos gonna pay those prices today if no one was willing in 2021

[greeneyesms]

Interesting content but pls lessen the sound effects which detract from your commentary.

[denisriddiford]

The Data shown is 30 Days old ..our listing agent has quality listings in Sunrise Preserve in Palmer Ranch . No showings in ten days. Buyers are on the sidelines. Maybe seasonal, most likely high interest rates.

[DrNeedles]

Can’t wait to watch how poorly this video ages 😂