According to Rocket's December 2023 for Sarasota County. Inventory up, over seven months worth and building. Days on market up. Sales down. Not typically what you see in a market about to "skyrocket".
I'd totally agree with you! But if the fed drops rates 1%. It brings 3 million Buyers into the home buying market. The supply and demand affect would favor Sellers and prices would go up.
@@MattLeichtRealtorit will also bring in wannabe sellers who perhaps can now justify the tighter spread between their low rate mortgage and the market rate. Add to that the high percentage of shadow inventory that owners are now seeing costs escalate and are having a hard time justifying a secondary home that sits vacant for a good part of the year.
The demand for houses is there, if rates go down and houses become more affordable. Then prices would adjust accordingly. If rates go down and houses are still sitting on the market. You will see prices drop.
@@MattLeichtRealtor I mean just because rates fall doesn’t mean prices come down. I think there supply and demand will both go up meaning more will put their house up for sale and there will be more buyers.
The Florida market has been destroyed permanently. We can cheerlead all we want here but it a horrible time to buy in Florida. Insurance prices is now the main problem. One more storm is all it’s going to take to make it a cash buyer market.
![THE FUTURE OF SARASOTA FLORIDA [📚 2030 outlook, 🤷♂️ demographics, 🏡 real estate, 🕺 vibe]](http://i.ytimg.com/vi/OAlBaIjWqiU/mqdefault.jpg)
Good information. Supply and Demand 101.😂 With an inflation kicker. 😢
According to Rocket's December 2023 for Sarasota County. Inventory up, over seven months worth and building. Days on market up. Sales down. Not typically what you see in a market about to "skyrocket".
I'd totally agree with you! But if the fed drops rates 1%. It brings 3 million Buyers into the home buying market. The supply and demand affect would favor Sellers and prices would go up.
He’s a broker. None of them tell you prices will drop. Buyers control the price. Don’t buy the inflated asset !
A few are check out Ben Grieco@@LJH662
@@MattLeichtRealtorit will also bring in wannabe sellers who perhaps can now justify the tighter spread between their low rate mortgage and the market rate. Add to that the high percentage of shadow inventory that owners are now seeing costs escalate and are having a hard time justifying a secondary home that sits vacant for a good part of the year.
Prices sky rocket from the layoffs😳😳
The demand for houses is there, if rates go down and houses become more affordable. Then prices would adjust accordingly. If rates go down and houses are still sitting on the market. You will see prices drop.
@@MattLeichtRealtor I mean just because rates fall doesn’t mean prices come down. I think there supply and demand will both go up meaning more will put their house up for sale and there will be more buyers.
The Florida market has been destroyed permanently. We can cheerlead all we want here but it a horrible time to buy in Florida. Insurance prices is now the main problem. One more storm is all it’s going to take to make it a cash buyer market.
WE KNOW WHO WILL BE IN OFFICE, HE IS ALREADY THERE AND THIS IS A PAUSE. TIME TO TALK REALITY
I think ur very wrong
All about the eggs 😂😂
Not a good indicator, says analysts
I hope I'm wrong to!
Whatever happened in 2023 is NOT 24!
Yeah ok, put into overpriced asset to hedge inflation.