Housing Market Meltdown: What You Need To Know! ⬇️ ⬇️ 🤬 😱
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- čas přidán 20. 07. 2024
- Housing Market Meltdown. What you need to know in 2024 about Florida's Housing market.
00:00 Intro
01:13 Are we heading for a CRASH?
01:40 Why is Florida Housing Market Shifting?
03:04 People are leaving Florida
04:12 Rising HOA fees
05:32 Current Housing Market Statistics
07:18 What is going on with New Construction
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thank you. For me you have explained it better than other realtors that on CZcams in your area. I think correction is the most appropriate term, but with a risk of some reaching crash like proportions. (as you noted, location matters). And there is more to the numbers as you mentioned. So happy to keep visiting great state of Fl, and putting any notion of buying on the shelf.
A 30 to 50% correction here in SW Florida is on its way. You can't miss it. I've never seen so many Dupes buy the top of a historic bubble in my life. Lol
Thank you Lisa for this information! Most helpful.
Thanks so much for watching. I appreciate the feedback.
This correction doesn't mean s*** to me 10% lower when it's 100 percent higher than it should be
A correction or a crash is not negative. It's natural and good.
Thank you. I agree with your statement. It will change again, like always.
Wow an honest agent! ❤
Thank you. I appreciate the feedback.
That’s what i thought 🤝
There are many house coming on the market, but as a buyer the sellers have no justification for asking prices,
Please let me know if sellers have gotten so many 2nd mortgages and such so they pulled out too much equity now they want to try to dump
For a house that was bought in 1999, for 300K, with no additions or upgrades, is it really worth now $900K????
What should fair price in a market with many homes available be???
I want to pay a fair price but what should the range be???
Finding an agent with the foresight to get ahead of the curve isn't an easy task. As I watch the Florida market like a hawk, I'm blown away by how many agents are still clawing at the high commission game, as if it's "the new normal." IMO, if you're looking for a level-headed agent in the Sarasota region, this is your gal.
Thanks so much.
Wait, we were told six months inventory was a balanced or slightly buyers market but now 4 1/2 months is a crash. I call BS. When SFH inventory >>and
It remains to be seen whether the FL market will crash again like it did in 2007-2008, when properties were being given away for peanuts, with far deeper price cuts than in other parts of the country, and it took 10 years to recover. But it could happen. Here in Naples inventory is way up and there seem to be no buyers, even for reasonably priced properties. Housing is overpriced in many other markets, and home insurance and taxes have also increased significantly elsewhere . Yet while other markets are getting a bit soft, it is nothing like what's going on in FL IMO, for whatever reason, this is a boom and bust state.
"Given away for peanuts"? I was here flipping and doing shorts for homeowners and nobody and no bank was "giving" away anything for "peanuts". The best I've seen is 30-40% on the mortgaged dollar. Another example of hyperbole and exaggeration. 10 years is not a long time and part of a typical "cycle". My opinion based on our research is this time around may be deeper than 2008-2010. However, I do not think they will be selling for "peanuts", relatively speaking.
Hey Lisa , really nice video ! I was wondering if I could help you with Highly Engaging Thumbnail + Video Editing which will surely increase your CTR & AVD which will help your videos to reach to a wider audience ! Please Lmk what do you think ?
Special Hurricane Season price !
What are you talking about? It's just a correction. Housing market needs to lower by 50% to reflect reality again. No big deal and not a crash.
This one will be even more epic than the 07-2012 debacle. They have build 3 to 4 times greater than the lead up to 08.
A Correction? This is 2008 all over again. You must be a realtor !!!
@@r.u.kidding8696 Yes, correction. The market has been artificially manipulated by the government and rose 50% in a few years. If it drops by 40% now, that is a correction, NOT a crash! It's just bringing things back to normal.
You audio is messed up. Only playing on one side.
Hi , What do you see in Bradenton , Fl area and is Inventory increasing ?
Also can you put me in a list for any bank owned , Foreclused , short sales coming Into the Market ?
Great Job !!
Youre a bit Premature for the Distressed Properties but yes they are coming.
I agree. We are not seeing many distressed properties. Over 50% of homes in our area are owned outright and most people have lots of equity.
My prediction: house prices will stay the same plus or mlnus 7% over the next 10 years. Condos are a totally different story hoa fees , insurance and 2025 inspections will create pressure.
Thanks for the predictions. I appreciate the comments.
We will lose 30 to 50% in prices and rents this next 3 years in SW Florida alone. Sarasota/Manatee county. No one wants to see that it took 6.5 trillion in direct injections to keep this economy going, and now that's gone and there is Heck to pay coming up.
Pensions, 401ks, portfolios and real estate are going to get severely hard, which they were before 6.5 trillion in direct injections. I've never seen so many buy a bubble top in my life. Lol
@@Michael-qy1jz I will check back and see if you are correct. I assume you will take a leveraged short position on the S&P 500 to make some money on your prediction.
@@info781 I was shorting new home builders from January 2018 through September and cleaned house and then watched equities crater in Dec 2018 and did decent on that. I've had rentals for 30 years and I'm flabbergasted that no one learns from their mistakes and here we are again.
Finely people are admitting it!
@ryanvanlandschootd.c.671. Finally, not finely.
Thanks for watching. Just reporting what I see in today’s market.
We havent seen anything yet! Remember they printed 6.5 trillion plus $$ to keep the system.a float in 2020/21! We were heading into a severe recession in 2018/19 when the REPO market blew up and required 17 trillion in open credit from the Fed to keep it going. This mess is global and we will reallstart to see the effects by this time next year.
yasssss! :)
Lisa, I respect you but define: Crash. I was here and flipping houses and doing short sales for clients from 2007 to 2014 and I am curious to what your definition is.
I do not believe this is a crash, as I mentioned in the video this is a correction and adjustment. It is to early in year to predict a full blown crash but I continue to monitor the market.
Do 🚢 BOAT sales go up during HURRICANE 🌀 SEASON?🤔
Yes, the housing market is CRASHING when you may loose 40% - 50% of your homes equity.
It’s because they were overinflated to begin with. Crazy people paid crazy prices now it’s will be back to reality.
I am trying to forward this to my son but there is no sound other than music however on my tv I have no issue 🙁
I am sorry this is not working. Not sure why?
Sellers are just going to take the house off the market since they were never serious about it unless some idiot comes along and pays that $500,000 for a $200,000 house
I can't listen to this real estate people they don't know crap
Are we still talking about a crash… when there is still low inventory and rates will be cut this year? Sole are over priced. Simple correction. Not a crash. Millions of jokes are needed to be on the market for a crash to happen. Please stop talking about crashes. It’s not happening.
Great job on this topic.
Thanks for watching.
ICI homes is still raising their prices on the junk they build