Several Florida metro areas may see home price declines over next year
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- เผยแพร่เมื่อ 22 ส.ค. 2024
- Full Story: wfts.tv/44tzeoP While home prices across the United States continued to rise in the CoreLogic Home Price Index, the team behind the numbers said warning signs may be flashing for several areas in Florida.
Home prices are criminally high. 3 to 4 times what they are worth with even if it goes down its still too high.
It’s so rigged against the American people we can’t afford to live
Sellers shouldn't panic (because they purchased the house for far less than current market value) , buyers on the other hand should expect rapid depreciation after purchasing their home, because supply is going up, demand is going down, and consumer fluidity is drying up. If you can wait, you should wait.
It's gotten to the point that I am considering leaving Fl.
Me too
What about insurance cost
@@fiji16g8 it will be less than Florida, that I can say.
Me too...in the next five years definately
@@Yunglou3000 I was thinking in 2yrs. ALMIGHTY YAH willing.
Won't really matter until Homeowner insurance travesty is fixed. Can't sell if you do not have insurance coverage. Can't buy if you can’t get coverage. Then you now also have to buy flood insurance. Your energy costs have gone up. The legislature approved the 45% increase earlier this year.
National inflation is 3 percent...Florida is 9 percent...are you kidding me?
Florida is unlivable and unaffordable
Florida is not paradise.
It has been ruined by the influx of people.
@@naturelover2292FJB
@naturelover2292 especially from blue states bringing their politics with them
That’s not what’s voting red, and approving every developer from here to China.
It is for me, coming from New York. Love, the palm trees and the ocean breeze. 🌴😎
Announce it so the entire US can show up there. 😳😭 looking In Alabama- they have ruined Fl.
Over priced overvalued, and simply not wanted due too insurance rates and drops will make the housing prices decline.
Sellers should panic, take the loss now or walk away in two or three years when you can't keep up with insurance ,gas and electric . Sell now people are losing jobs and it isn't December yet when you see people laid off right before Christmas. It happened in 2009 and we are going repeat. You might have to walk away from your mortgage if you loose your precious high paying job.
Plus, how high home owners ins, is insanity high too, which makes your mortgage payment higher, ouch
Hurry up an drop some greedy builders investors and interest rates it is hard to buy
Did fuel,food , supplies ever go down after it went up? Stop same old click bait title . I think the market slow down a bit oppose to it been sliming raising for the past few years. Slow down doesn’t means cheap or lower price. It’s I’m just stay same high prices and not raising fast
Some stuff in my area came down.
My area housing values/prices are dropping. Other prices as well ate dropping. Some things are naturally higher due to out of season.
@@ajspice It"s only begining , people are leaving before they bleed out. If investors from other countries continue to buy in cash American working family will never have a chance at the house with the white picket fence, we sold to foreign investors our homes, our land , what do you expect ?
@@sandraalegria3439 Well, that's what happens when you put profit above all else. Symptom of Capitalism.
I hope so because these prices are crazy
"Overpriced" is irrelevant as long as an area continues to see strong growth and there's very little inventory on the market.
You're forgetting about insurance for the home
They've been building like crazy and buyers are dropping out at record rates due to high rates
A lot of foreclosures and 70,000 people have departed due to high costs…wow
@@byefelicia123ok 🐔lil🤣
Overvalued markets tend to devalue fast.
@@ericcenteno342exactly. Home prices in my area have gone up 7-10 times the value over the last 10 years.
@@n6a6me6jebusshe isn't being chicken. If you can access the Chicago mercantile you can see just how many loans / houses are " underwater" in the state
Jajaja en la florida jamás 😂😂😂😂 todos quieren venir a vivir aquí 😢
It won't go down. These people are in a fairy tale land.
Exactly! Wishful thinking!
Home prices will likely stagnate for the next few years until people's income make home buying affordable again. If home insurance keeps spiking and becomes completely unaffordable in Florida then there will be a large increase in inventory which will lower prices.
Here in Delray Beach homes are 100-400 percent higher in price vs the start of 2021. It is all driven by flippers and investors hoarding homes.
@@dsj9831 people’s income ain’t going up
@@cypherlock01Umm... Their income WILL go up over a 3 year period. Meanwhile as home prices stagnate and mtg rates go down, homes will become much more affordable.
They are ruining Florida, Interest rates are high, ridiculously high homeowners insurance rates, why are they still moving here? Florida home prices are regional& and we know this! Homes in Eloise orv winter haven are not going to List the same, or get the price, as a home in Haines city, or Davenport, or the 4 corners area. It's a difficult time for everyone, financially. The economy , real estate will self correct, it will "crash " like it did feds, and the banks will have to lower rates.
“They” is the FL Governor and Legislature as well as the Mayors - they allow it
Not at those prices.
Hurricane season, floods, 😂😂😂 and high housing, mold , prices won't go down. Over building don't complain if walley the alligator lives in your yard.😂
Local Wages cant afford these greedy profit margins!!!!!
So basically nobody has any idea. That was helpful! Not...
People leaving Reedy Creek.
How can we buy a house if we live i Texas?
What we’re the other 4 cities?
How pitiful…a feature news story and you can’t even use actual footage from the market you are discussing! You should be ashamed for using stock footage.
A Is For.Eva.Menes
Gonna mostly forclosues seen lots nee cars in driveways in oandemic that free money and they all gone now and u can see what neighborhood ate affected miat i dribe residential ebeydah and things are xhnahing new ot was weird what seen diring pandemic nownit all makking sense
Wtf you saying!
@@gregorymontanez5882 I'm saying free money gone lots fraudulent loans now not coming to an end wtf u saying
@@jamesa9lpiopatton419free money doesn’t solve insurance companies leaving or inventory issues. Our governor sure doesn’t care.
@@isaacscott1063 what do u mean lots people got more money then they even made got a house out of their price range now it has come to an end and I blame th rotten roofer with the fraudulent free roofs in last four years I'd why ins companies leaving roofers suing ins company just so they can put a roof that's not needed for money in roofer pocket