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There is so much conflicting information online and offline about a Florida housing market crash but meanwhile, Florida prices hit an all-time high. So what
https://www.newsweek.com/florida-housing-market-inventory-triples-1914520
This housing market downturn in Florida is getting crazy. There's ZIP codes where inventory has nearly tripled from its level last year. Like this one north of Tampa, in Port Richey. 248% growth
https://www.cnbc.com/2024/05/01/florida-real-estate-struggles-as-motivated-sellers-flood-market.html
Correction in Florida's housing market 'a bit overdue,' says Redfin's Daryl Fairweather. Once a red-hot destination for out-of-state homebuyers, Florida is seeing its inventory of homes
https://www.msn.com/en-us/money/realestate/dave-ramsey-here-s-what-the-florida-housing-market-looks-like-in-2024/ar-AA1n3EOx
The Ramsey Solutions research shows that housing prices in Florida have gone up, especially when comparing the fourth quarters of 2022 and 2023, respectively. At the end of 2022, the median sales
https://www.msn.com/en-us/money/realestate/is-trouble-brewing-in-florida-s-housing-market-here-s-what-the-data-says/ar-BB1kjglt
Indeed, the five Florida housing markets that have seen the biggest jump in active listings between January 2023 and January 2024 (see below) were all impacted, to varying degrees, by Hurricane
https://www.newsweek.com/florida-housing-market-warning-1906262
Florida Housing Market Warning. Published May 31, 2024 at 4:30 AM EDT Updated May 31, 2024 at 4:55 AM EDT. By Giulia Carbonaro. US News Reporter. FOLLOW. Florida reported the third-highest number
https://themortgagereports.com/107385/florida-housing-market-predictions-next-5-years
Dunbar: "The next 5 years paint a picture of expansion for Florida's housing inventory. Significant indicators include an impressive 11% uptick in construction employment since August 2018 and
https://www.noradarealestate.com/blog/is-florida-housing-market-facing-a-crash-2-areas-show-high-risk/
One report suggests caution. Once again, the June 2024 report by CoreLogic Market Risk Indicator places two Florida metro areas, Palm Bay-Melbourne-Titusville and Deltona-Daytona Beach-Ormond Beach, at "very high" risk of price drops in the next year. This means there's a more than 70% chance that home values in these areas could decline.
https://www.businessinsider.com/florida-home-values-flood-insurance-hurricane-ian-deltaterra-2022-9?op=1
Hurricane Ian left a trail of destruction across Florida, but the state's housing market has yet to feel the brunt of its impact. Property values there haven't accounted for the rising costs of
https://themortgagereports.com/107270/florida-housing-market-predictions-2024
Currently, data indicate that Florida home prices are rising slightly. August 2023 numbers from Florida Realtors reveal that median and average sale prices in the state are $415,000 and $575,832
https://www.wusf.org/economy-business/2023-06-14/a-new-report-offers-suggested-solutions-to-floridas-housing-crisis
A new report from the Florida Policy Project offers potential solutions to those challenges. If you need more proof of how widespread the challenge of finding affordable housing in Florida is, a new report from the non-partisan Florida Policy Project has it. Former state Sen. Jeff Brandes (R-St. Petersburg) is the founder of the group.
https://www.flchamber.com/is-floridas-housing-market-in-trouble-the-difference-between-headlines-and-analysis/
Pointing to slight declines in the condo market as an indication of a failing housing market overall paints an inaccurate picture with quite a broad stroke. However, there is one point that should be considered above all else when looking at whether or not the housing market is in trouble - historical context.
https://news.wjct.org/first-coast/2022-04-27/is-florida-headed-for-a-housing-collapse-probably-not
The study found that Jacksonville is the 31st most overvalued market of 100 U.S. metro areas — worse than South Florida, which ranked 53rd, but better off than Tampa, which was 14th, and Fort
https://www.newsweek.com/florida-homes-empty-housing-market-tumbles-some-cities-1914147
The report, which analyzed data from the U.S. Census Bureau, found that an average 15.3 percent of rental homes in Cape Coral-Fort Myers were vacant in 2023, up from 8 percent the year before. The
https://www.msn.com/en-us/money/realestate/floridas-housing-market-is-out-of-sync-with-rest-of-us/ar-BB1k5KSc
As of February 2024, the median price of a home in the U.S. was $412,778, up 6.6 percent compared to the previous year, according to Redfin. According to Redfin, there were 182,729 homes for sale
https://economics.td.com/us-florida-housingmarket
Highlights. Home prices in Florida are up 58% from the start of the pandemic, leaving an already strong national showing (+40%) in the dust. However, recent data confirm that Florida's housing market is no exception to the broader housing trends observed across the country, with home sales in the state down 25% year-to-date and price growth turning negative.
https://fortune.com/2024/06/21/housing-market-crisis-home-prices-record-high-existing-sales-inventory/
The supply of homes on the market increased 18.5% from the same month last year to 1.28 million, but it's still well below the level seen before the pandemic when mortgage rates were much lower.
https://www.forbes.com/advisor/mortgages/real-estate/housing-market-predictions/
The latest data shows inventory rising 9% month-over-month, logging 1.21 million unsold homes at the end of March. Still, only 3.5 months of inventory remain at the current sales pace. Most
https://www.msn.com/en-us/money/realestate/floridas-housing-market-is-in-trouble/ar-BB1jiasu
Walsh said that low affordability and lean supply will remain the dominant forces in Florida's housing market over 2024. "Moody's Analytics expects prices to move sideways in the coming years
https://moneywise.com/real-estate/florida-housing-market-predictions
The median home price in Florida in 2020 was $245,169 which rose to $366,301 in 2022. The average rent in 2020 was $1,240 (a rent multiplier of .61%) and increased to $1,760 today (a rent multiplier of .58). While it may seem like that's a small drop in the rent multiplier for Florida, it's actually on par or better now.
https://www.msn.com/en-us/money/realestate/florida-housing-market-placed-at-very-high-risk/ar-BB1nBIqP
The Florida metropolitan areas of Palm Bay and Deltona are considered at "very high" risk of housing price drops over the next 12 months, according to the latest CoreLogic Market Risk Indicator
https://www.newsweek.com/florida-homeowners-hit-housing-market-double-whammy-1915954
A for sale sign stands in front of a home on March 26, 2013,in Miami. The housing market in the state is struggling amid high homeowners insurance costs. Holden Lewis, a home and mortgage expert
https://www.msn.com/en-us/money/realestate/graham-stephan-here-s-when-the-housing-crash-will-happen/ar-BB1nRC29
As of now, the housing market has become even more expensive. According to Redfin, the total value of U.S. homes increased by $2 trillion, marking a 5% gain in the past year alone. Over the last