Florida's Housing Market IMPLODES!! (Huge Home Price Drops Coming)

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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.

00:00 Introduction
01:07 Spike In Home Inventory
03:24 Market Instability Leads To Crisis
06:44 Buyer Demand And Interest Rates
10:11 Significant Price Decreases
13:39 Implications Of Market Trends

[ER-meii]

Wow. 4% decrease after 200% appreciation since Covid. I’m not buying a crap home for 500, 000.

[noneofubusiness]

Houses in Florida are over priced by 40%

[rogerbec]

If home prices in Florida dropped 50%, still not worth it when homeowners insurance, property tax and auto insurance is way too expensive. Who'd want to buy there?

[aprilgentile]

6% is a joke compared to 200% increases in some areas.

[auggieoutdoors]

We just sold a water front 2/2 condo in New Smyrna for around $100k less than what it could've fetched during the FOMO frenzy in 2021. So yes, values are declining here..

[_scoring]

You're good in Florida Florida's not in trouble, winter is not coming. Ever

[GTPInternational]

Hope all these greedy investors loose all their money. Homes are made to live in. Not investments

[JerryFacts]

When you work on something that only has the capacity to make you 5 dollars, it does not matter how much harder you work – the most you will make is 5 dollars.

[shellyhart]

I work for a title company in Miami-Dade. One of the main reasons why people cannot get FHA loans in Miami-Dade and throughout Florida right now is because, most communities are under an HOA that is delinquent in their reserves. Freddie Mac, FHA, you will not get approved if the HOA is under 10% in reserves. About 90% of the HOAs in Florida are currently underwater. HOA fees are doubling if not tripling as we speak.

[LockdownuG]

Florida needs a disaster proximity tax. A statewide fund for natural disasters. Use historical data and pay a tax based on proximity to danger and coast lines. Closer you are to dangerous areas, more taxes you pay into the fund. If you live in FL you must understand you are taking on risk no matter where in the state you are. Storms will get bigger and more frequent as time goes. I am not saying it wouldn't be complicated, but it would certainly be more effective than insurance companies having to handle all the risk. Also there is a fraud problem in Florida that needs to be addressed

[furemerestenshadow]

also NOTE on both housing for sells and RENT... if the average wages in an area are depressed or being dropped... which is happening both here in texas and now in florida??? then rents and sale prices will drop OR they will begin too pile up as vacancies ... I ve talked to landlords that insist they can keep raising prices because X rented a similar property for more.... but how many people in the area can afford to pay said price verses how many units are present ??? a basic law of business is saturation of market ....

[MM-igzq]

Not in South Florida still selling above asking price. Nuts.

[_scoring]

You have to consider the amount of growth here too it is mind-blowing.

[captainnemo]

I live in south Florida..Broward county..Davie, Fl..I can tell u there's not much single family home inventory..they listed 3 houses in my neighborhood for 600K+..2 already sold in less than 30 days for around 600k..properties are still flying off the shelves..

[vbyfbel]

If housing prices drop by 1/2 the US would be better off

[joelsnyder]

Thank you for the update please keep it up

[phyllis]

It's NOT about the housing market, it's about the insurance costs that drive folks out.

[iowahockey]

Can you do a deep dive on the Tamp/St Pete area because I’m not seeing any of these trends here. The houses are high and no inventory

[MaxPower-]

I’ll believe it when I see it. In Jax, as of last week inventory is up 27% YoY but median prices are up 10% and 4% per square foot. In other words, inventory rise doesn’t seem to be negatively affecting prices.

[LordTralfaz]

The conflicting data from NAR and even in this thread is interesting. However, as a successful 30+ year agent in the Fort myers-Cape Coral area - this data is spot on. I spend more time trying to educate sellers, and get price reductions than dealing with buyers. Your market may be great now, but we are the canary in the coal mine.