SELLERS HAVE STIFF COMPETITION... PRICE REDUCTIONS AROUND THE CORNER

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The Impact of Rising Home Inventory: Florida and Texas Lead the Way
[00:01]( • SELLERS HAVE STIFF COM... ) Experts predict a significant fall in home prices due to majorly rising inventory.
[00:48]( • SELLERS HAVE STIFF COM... ) Real estate market trends in Texas and Florida
[01:30]( • SELLERS HAVE STIFF COM... ) Southwest Florida seeing price decreases in real estate market
[02:11]( • SELLERS HAVE STIFF COM... ) Florida and Texas take over 50% of the top 10 metro areas suffering from dried-up conditions.
[02:55]( • SELLERS HAVE STIFF COM... ) Florida experiencing net migration with population increase.
[03:44]( • SELLERS HAVE STIFF COM... ) CoreLogic tracking predicts price drops in Anderson, South Carolina
[04:26]( • SELLERS HAVE STIFF COM... ) Changes in inventory and interest rates will impact selling prices in Florida real estate market.
[05:07]( • SELLERS HAVE STIFF COM... ) Good real estate opportunities for snowbirds and renters.
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The Impact of Rising Home Inventory: Florida and Texas Lead the Way
[00:01]( • SELLERS HAVE STIFF COM... ) Experts predict a significant fall in home prices due to majorly rising inventory.
- April to April 2023 to 2024 saw a 16% increase in nationwide inventory, the highest since the Great Recession.
- Current inventory levels are equal to those right before the pandemic hit, leading to concerns about oversupply.
[00:48]( • SELLERS HAVE STIFF COM... ) Real estate market trends in Texas and Florida
- Increased migration to Texas leading to cash purchases and price appreciation.
- Inventory spikes and rising insurance costs affecting the housing market in Florida.
[01:30]( • SELLERS HAVE STIFF COM... ) Southwest Florida seeing price decreases in real estate market
- Four out of 10 locations are in Florida, including Lakeland, Cape Coral, Tampa, and Northport.
- Tampa and Northport are close to the speaker's location in Sarasota, with Cape Coral being further away.
[02:11]( • SELLERS HAVE STIFF COM... ) Florida and Texas take over 50% of the top 10 metro areas suffering from dried-up conditions.
- Austin, San Antonio, and Dallas in Texas, as well as Sarasota in Florida are experiencing these challenges.
- Despite the troubles, Sarasota, Florida remains an appealing place to live, with beautiful water and a bustling atmosphere.
[02:55]( • SELLERS HAVE STIFF COM... ) Florida experiencing net migration with population increase.
- Mention of rising inventory in various areas.
- Potential housing price cuts expected in specific locations.
[03:44]( • SELLERS HAVE STIFF COM... ) CoreLogic tracking predicts price drops in Anderson, South Carolina
- Inventory levels and industry trends are key indicators for price changes.
- Top five list indicates more price cuts expected in certain areas.
[04:26]( • SELLERS HAVE STIFF COM... ) Changes in inventory and interest rates will impact selling prices in Florida real estate market.
- Short-term stability, but medium-term potential for inventory rise and price cuts
- Opportunities in the Florida real estate market due to potential price cuts
[05:07]( • SELLERS HAVE STIFF COM... ) Good real estate opportunities for snowbirds and renters.
- Boat-friendly area with access to the water.
- Homes and condos available for $300-400,000.