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Just back from vacation, will be out over next couple of days. Prelim #s don’t look much different than last couple of months.

Frank, I can't find July sales numbers for the US or Florida anywhere on the internet. Plus, you usually have your monthly update out for the previous month by the 7th. Are July sales that bad that real estate agents don't want to report the numbers?

Any post Hurricane Ian photos?

Very nice!

As always Frank - big on data, clear, concise and factual.

Seller did a fantastic job with the kitchen remodel👍🏻

Nice Content

NICE

Fantastic news!

Since you posted this video a few days ago, Frank, the real estate landscape has changed dramatically. First, we had the dismal March inflation report. Here we are in what is usually the best selling season of the year, and it appears the Feds most likely won't lower interest rates anytime soon. They may even have to raise interest rates. In addition, this is a major psychological blow to buyers, and we know how significantly perception factors into residential real estate. In response to the inflation report, the stock market has tanked the past few days sucking potential down payment money out of people. I believe we are headed to the bottom and unfortunately, the bottom is a long way off. I see a recession and double digit inflation on the horizon, triggered by all the reckless government spending. Frank, how much has this inflation report changed your views compared to this video you recorded a few days ago? Will sellers finally wake up to reality and start dropping their prices so their listings can sell? Or will inventory levels continue to skyrocket to all-time highs?

Frank, please correct me if I am wrong. The stats regarding numbers of days to sell a house as well as how much a house sells for in regards to list price are worthless. They are worthless because when a house doesn't sell, is pulled off the market, then is relisted again and then sells... the stats don't reflect the first time a house is sold. What I am saying is.. a house is listed for say $200k, doesn't sell for 90 days and is pulled off the market. It is then relisted for $180k and sells for $180k in 10 days. The stats that real estate agents report on this transaction would be that it sold for 100% of listed price and sold in 10 days, rather than reality. In reality, this house sold for 90% of what it was listed for and took 100 days to sell.

As always a concise and comprehensive update Frank.

Cape Coral is a swamp with no infrastructure. Buyer beware.🤡👎

Verry nice. Can you tell us the price?

Promo sm 💦

I prefer Hallandale beach Florida beautiful city good beaches and restaurants and growing businesses and communities, and good nightlife.❤❤

Ian has not been classified as a "qualified disaster" by Congress. This has a bearing on loss.

Ouch! The facial expressions tell the story.

Listing Price????? How long is boat dock???

Any comment on the high Insurance prices I heard hitting most of FL? Some as much as 4X.

This one is 925,000

I never could figure out why, you would offer something for sale, and not tell the price.

How much did the seawall cost?

Thanks for the info!

👉 Promo`SM

JUSTICE. BOOM.

Any such single family house, less than $1 million?

what's the cost?

Hi Frank, whats the price of this property?

Love it!! It’s SOO BEAUTIFUL!! It was a long wait, but certainly worth it!! I’m very happy for all three of you!! ❤❤❤

an absolutely stunning residence you got there 👌

Why would you fill it in with dirt? It seems like you would put some type of rock and then put some more rock

Frank, I again enjoyed your video. When my wife and I retire and relocate to Florida, we will definitely give you a call. I don't know if you will want to work with us, though. It appears you work with the high rollers, we're just middle classers. I agree with much of what you said, but I think there's storm clouds on the horizon that you haven't considered. Have you looked at what is going on with commercial real estate? All those remote workers that relocated helped Florida residential real estate tremendously. However, remote work has killed the commercial real estate market. The percentage of commercial real estate that is vacant is the highest since The Great Recession and will continue to worsen as leases come up for renewal and companies don't renew. This is going to cause two outcomes, both will be hits to the Florida residential real estate market. Firstly, commercial real estate default is going to create major problems with the banks. This is going to make interest rates rise and will also create a trickle down effect into the residential real estate market. Secondly, many companies are reversing their remote work policy. Remote work is predicted to contract by 8% in the next two years. This is gong to impact all those people that moved to Florida cause they were able to work remote. It will also in effect will mean less jobs in Florida and cause people to migrate to where the jobs are located. Because you work at the high end of the real estate market, I don't think you have the same pulse on the middle and lower end, Frank. In addition to higher insurance, assessments and higher HOAs since Ian are killing the retirees and lower income home owners and prospective home owners. An extra $500 a month is no big deal for the high rollers. It cripples the middle and lower income folks. Lets again look at Seven Lakes.. Less than 6 weeks ago when you did your last video, I mentioned that the Seven Lakes retirement community had 31 condos for sale. You cited the pre-covid level of inventory as 40, so no worries. Frank, there are now 48 condos for sale at Seven Lakes, according to their website!! There was actually 51 yesterday, not sure if the drop to 48 is due to sales or sellers dropping off so they can relist as a "hot new listing" and a re-packaged marketing strategy. Over a 50% inventory increase in less than 6 weeks!! Frank, take a trip out of the swanky neighborhoods you hang out in and see what is going on with the working folk and retirees!! On another youtube video the analyst said that the only thing the southwest Florida market needs for collapse is more inventory. This analysis makes the most sense. Month by month, inventory is growing and prices will inevitably crater. Supply and demand. You appeared more grim in this video compared to last. I thought it was noteworthy that your concession analysis was, "well, at least it won't be as bad as 2008." Maybe not, but anywhere close is a scary thought. The real estate market is always propped up by a false narrative. Every article that I read in the mainstream media is written by an individual who is a so-called "expert in real estate." Translation: their entire livelihood is centered on the real estate market being good. So it is in their best interest to spin real estate news into a positive. Sooner or later, however, reality overcomes spin. We aren't there yet, but are well on our way. Look out below!

3 days later, now 5 more listings - 46 active listings now at Seven Lakes, according to the Seven Lakes website! As inventory is building in southwest Florida, the prices will crash. That is economics 101/supply and demand. If the economy tanks, then we are headed back to 2008.

A month ago there was 30 listings at Seven Lakes according to realtor.com Today there are 41. The HOAs have gone up it appears $200 to $350 a month and there's assessments, both due to Ian. Prices are cratering, one unit sold $45,000 less than the originaI $220k asking price! I predict by late summer there will be 75 listings and prices will drop an average of 15% compared to what they are now. This same scenario is probably taking place at many condos in southwest Florida, particularly retirement homes.

The mixer, is actually a pump, the purpose of which is to pump the concrete up and into the forms for the tie beam. However, the Florida code also allows for a block called a (bond beam ) block to be used in lieu of a formed tie beam as shown in the video. I would personally prefer the formed tie beam, especially where large openings like garage doors are involved. But a combination of both methods can also be used.

# of room ? Or description please, price?

Condo inventory is soaring in Fort Myers. For example, Seven Lakes had 1-3 available listing at this time last year. There's now THIRTY condos listed for sale in Seven Lakes as I type this post. There's only one that was just listed that indicated damage to the roof from the hurricane. The other 29 are all in great shape and ready for new owners. Unfortunately, there aren't many new owners. The inventory just keep building. Real estate agents always paint rosy pictures. Frank, I'm sorry, I disagree with you. Sale prices always comes down due to supply and demand. Condo inventory in Fort Myers is soaring at a dramatic pace. Prices WILL come down significantly as this year progresses. That's Economics 101. Wait until the panic sets in come the spring when the snowbirds leave.

Hurricane Ian proved the value of metal roofs!

As always, a comprehensive and balanced analysis. Thanks and Happy New Year Frank.

Glad to see things are coming along on your home. Nice pictures of my house too.

Thanks for keeping us updated Frank, great job.

Nice job Frank.....I think you are right that people will still want to live in SW Florida and prices will be back stronger than before

TH-cam is not an advertising platform you creep.🤡👎

A very comprehensive analysis - thank you Frank.

Thank you Frank. Great insight and update. Amazed by the progress.

It is so beautiful after a hurricane. The man made effect is all that ruins the beauty of a hurricane aftermath.

Great update, Frank!! Thank you!!!