Great video Ben👍. Sold my home in July and not planning on buying until prices come down. I’m perfectly happy renting my 2/2 apartment right now. Living off the proceeds of the sale makes it much easier to pay my $2,900/month rent. Will buy again someday but may be a few years. Thanks for all you do for this channel. Much love from South Florida.
Great no nonsense approach to explaining whats going on in the market. As you pointed out, the high interest and insurance rates, there are months worth of inventory right now. When Snowbird season is over, I suspect there will be a flood of listings come the spring. If it is severe enough, you might even see a halt on new construction as the builder/s cannot sell due to a glut on the market.
I'm seeing apartment complexes in that region seemingly capitulating after holding the line on rents up until very recently. Many are offering 2-3 months of free rent. These are nice properties in nice areas like Venice.
@@bensellin I'm having thoughts about eventually relocating to that region, so I'm watching the action. Probably 1-2 years from now as I want to set up my retirement first. My two brothers have second homes in Estero and the next time I go to visit, I will tour Venice afterward. I like the look of it and the Space Coast beaches frankly are nothing to brag about, compared to Miami or the gulf coast beaches.
Have lived in the area for years and n.port has been overpriced for the past 5,6 years ,their is no infrastructure and any that is their is outdated, most Of the homes are on wells ,what are you getting for the prices
I think the memory of hurricanes doesn't simply fade. Some people imagine it is connected to Gulf water temperatures, and so will sell if the water is warm going into the summer.
There always be some demand especially from the the cold winter rust belt to move down, but i think it has decreased a bit, with the hoa and insurance price increases and the crazy hurricane seasons recently. But some will never care about that and take the chance.
I am seeing people getting realistic in the condo market in Naples. The people who want to move their homes have made significant price adjustments. yet still No buyers.
Will do! Its total number of listings divided by the average number of sales. Basically how long will it take to sell all the homes if no more come on the market.
The rates are moving in the right direction. As long as they don’t drive the bond market crazy by bombing Russia or something stupid low to sub 6 is possible with good credit and primary residence. Insurance will be your challenge so consider that when making your offer. You can’t start too low in the markets that continue to flood!! Reply if you need help! Senior Florida Mortgage Broker
Great video Ben👍. Sold my home in July and not planning on buying until prices come down. I’m perfectly happy renting my 2/2 apartment right now. Living off the proceeds of the sale makes it much easier to pay my $2,900/month rent. Will buy again someday but may be a few years. Thanks for all you do for this channel. Much love from South Florida.
Thank you!
Great no nonsense approach to explaining whats going on in the market. As you pointed out, the high interest and insurance rates, there are months worth of inventory right now. When Snowbird season is over, I suspect there will be a flood of listings come the spring. If it is severe enough, you might even see a halt on new construction as the builder/s cannot sell due to a glut on the market.
Ben you do an incredible job breaking this down. I really appreciate these videos.
Glad you like them!
Never get tired of looking at the numbers. Keep’’em coming!
Glad to hear!
I'm seeing apartment complexes in that region seemingly capitulating after holding the line on rents up until very recently. Many are offering 2-3 months of free rent. These are nice properties in nice areas like Venice.
The rental market is taking a beating right now locally.
@@bensellin I'm having thoughts about eventually relocating to that region, so I'm watching the action. Probably 1-2 years from now as I want to set up my retirement first. My two brothers have second homes in Estero and the next time I go to visit, I will tour Venice afterward. I like the look of it and the Space Coast beaches frankly are nothing to brag about, compared to Miami or the gulf coast beaches.
People STILL trying to get 800k on a washed out (literally) flood zone 1960s 2br house 😅silly rabbit, tricks are for kids.
Awesome video Ben. Love how you you break down your entire market like that. 👍
Thanks Ryan!
Keep on the great content 👌
Now we need to know the situation with housing in Port Charlotte and in Englewood. Thanks
Showing the map was a very nice touch. You are the most cheerful angry prophet I have ever meet.
Hey ben, I enjoy your videos keep them coming
Thanks, will do!
When the job layoffs start so will the housing crash.
Have lived in the area for years and n.port has been overpriced for the past 5,6 years ,their is no infrastructure and any that is their is outdated, most
Of the homes are on wells ,what are you getting for the prices
I just rented. May rent always now. $1800 monthly 2and 1/2 bedroom 3bath real nice neighborhood.
Where?
Cheap
@@kutatm vero beach ⛱️ Florida
@@kutatm vero beach Florida
Rates can't go from 2.65 to over 7% without something eventually breaking.
Looks like they will be going up again.
I think the memory of hurricanes doesn't simply fade. Some people imagine it is connected to Gulf water temperatures, and so will sell if the water is warm going into the summer.
@@SeeCopsLie I agree, the spring/ summer market is looking just ugly.
Sure that's why all the idiots are still there biting their nails praying for salvation from the righteous non-hurricane creating government.
Ty
Who wants to live and build in hurricane Alley.. Cause your not going to be able to escape Mother nature 😞
Exactly!
People are stupid so there's always going to be stooge buyers.
💯💯💯
There always be some demand especially from the the cold winter rust belt to move down, but i think it has decreased a bit, with the hoa and insurance price increases and the crazy hurricane seasons recently. But some will never care about that and take the chance.
There are thousands of communities that are far away from the coast that do not flood. Don't believe everything you see on TV.
I am seeing people getting realistic in the condo market in Naples. The people who want to move their homes have made significant price adjustments. yet still No buyers.
Yeah its hard to say what is even a "good" market price sometimes these days.
I'm seeing some great rental deals
Yes rental properties are getting very aggresive. Way to much competition right now.
I'm a renter.. explain how? It's bullshit.
How is Cape coral balanced? I see much more pain coming for sellers then
thanks
You're welcome!
Any way to a vid on ocean access properties only. Sw florida vs Tri county?
W😮W - those rates, insurance, hurricanes 🌀 and tornadoes 🌪️ - and higher prices - these numbers should be in the basement TBH.
what about the rest of the state, like Orlando and Tampa?
Great video, but I didn’t understand what Months of Inventory means. Maybe you can explain next time to your newer subscribers
Will do! Its total number of listings divided by the average number of sales. Basically how long will it take to sell all the homes if no more come on the market.
@ gotcha. thanks for the reply!
Is this new and used homes? Are there many new developments in North Port because it seems all over FL they are building too much!
Yes new and used
Two many graphs!!
Ben, always great info and your presentation is top notch. Thanks for sharing.
I appreciate that! Glad you enjoyed it.
Northport is an armpit.
Overpriced scam.
I love these bs graphs. Not w balanced market at all lol😅
Well it's all coming from The National Association of Realtors . You must have lost your ass recently
North port is on swamp land.I live in Venice. Been here off and on since 74. I'm trying to save money to move back to Alabama. Florida sucks!
Alabama is way better as long as you don't get pregnant.
The rates are moving in the right direction. As long as they don’t drive the bond market crazy by bombing Russia or something stupid low to sub 6 is possible with good credit and primary residence. Insurance will be your challenge so consider that when making your offer. You can’t start too low in the
markets that continue to flood!! Reply if you need help! Senior Florida Mortgage Broker
If recommend starting at 0 and moving up to "keep it you stupid asshole".
Schadenfreude
Schadenfreude
Schadenfreude
....