Colossal investor selloff happening in Florida. The Housing Crash is here.
Florida's Housing Market has reached the point of inflection, where the crash has begun. Homes for sale and inventory have spiked across markets like Orlando, Tampa, Sarasota, and Lakeland. Meanwhile - investors are now rushing to the door to sell properties before home prices crash.
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This spike in listing and inventory is now forcing sellers in Florida's Housing Market to reduce prices. Particularly real estate investors who bought at the peak of the bubble in Florida and are quickly going underwater on their mortgages and financing.
And when home prices in Florida drop, I'm skeptical that the buyers will be there to revive the market. That's because living and buying a house in Florida has gotten way too expensive over the last several years. Especially now with insurance and HOA costs skyrocketing across the state.
One market that has turned down as of late in Florida is Lakeland. Where inventory has now skyrocketed to the highest level in 7 years. Another market like this is Palm Bay. With another being Osceola County near Orlando. All of these areas are experiencing suppressed buyer demand combined with a flood of new listings.
Homebuyers buying in Florida in 2024 need to be careful as a result. While the state has good long-term growth potential and should appreciate well over the long-term, buying into the market today could result in a loss of equity and downpayment.
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DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Neither Reventure Consulting or Nicholas Gerli are registered financial advisors. Your use of Reventure Consulting's YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Reventure Consulting does not establish a formal business relationship.
Image(s) and/or Footage used under license from Shutterstock.com. https://www.shutterstock.com/
Additional stock footage provided by Envato Elements. https://elements.envato.com/
Видео Colossal investor selloff happening in Florida. The Housing Crash is here. канала Reventure Consulting
Access data on REVENTURE APP: https://www.reventure.app
This spike in listing and inventory is now forcing sellers in Florida's Housing Market to reduce prices. Particularly real estate investors who bought at the peak of the bubble in Florida and are quickly going underwater on their mortgages and financing.
And when home prices in Florida drop, I'm skeptical that the buyers will be there to revive the market. That's because living and buying a house in Florida has gotten way too expensive over the last several years. Especially now with insurance and HOA costs skyrocketing across the state.
One market that has turned down as of late in Florida is Lakeland. Where inventory has now skyrocketed to the highest level in 7 years. Another market like this is Palm Bay. With another being Osceola County near Orlando. All of these areas are experiencing suppressed buyer demand combined with a flood of new listings.
Homebuyers buying in Florida in 2024 need to be careful as a result. While the state has good long-term growth potential and should appreciate well over the long-term, buying into the market today could result in a loss of equity and downpayment.
---
Access Exclusive Data and Videos as a Channel Member: https://www.youtube.com/channel/UCVTQunGrE3p7Oq8Owao5y_Q/join
DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Neither Reventure Consulting or Nicholas Gerli are registered financial advisors. Your use of Reventure Consulting's YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Reventure Consulting does not establish a formal business relationship.
Image(s) and/or Footage used under license from Shutterstock.com. https://www.shutterstock.com/
Additional stock footage provided by Envato Elements. https://elements.envato.com/
Видео Colossal investor selloff happening in Florida. The Housing Crash is here. канала Reventure Consulting
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