When will homes be affordable again?

Please do Brevard County ! Houses have been setting on the market for several months, if not years.

This is so true! I’ve sold so many homes this year to Orlando workers who can’t afford to live in Orlando so they are looking in Deltona. Deltona is still very affordable.

It's wild that Groveland, once a police speed trap with a McDonald's, is now an Orlando suburb

Is it possible for you to make a video about Boca Raton - FL? Thank you!

Duh, "not tipping over yet" because of price. How does that not tell you prices need to come down to where they were?

I just had a realtor in Orlando tell us to “buy within the next month instead of waiting for a year because prices are up”. I told them my data source, reventure app, and they said they had never heard of it, and that the national association for realtors says prices are up in Orlando. I also mentioned the interest rates are projected to be around 200 basis points lower (fed dot plot projection), and he scoffed and just said “we have different view points and that’s ok. We will see where prices are in a year”. Rubbed us the wrong way, to the point where my partner said she wouldn’t have bought the house even if it had been fairly priced and she loved it just because he would have been involved. Need more honest realtors like you.

Trump said he could bring homes prices down by 30-50%. Unsure how but I don’t ignore what he says..

I don't think rent prices have gone up, so even with lower prices, they may not be low enough with current mortgages for investors looking to leverage.

Prices went up way too quickly during the Biden administration. Need to drop 50% to get back to the normal level.

Do palm bay, it's so weird here

Thanks Jared, I've been checking out Clermont so this is super valuable

I do like your videos, keep updating us with informative videos and insight. Clermont, minneola and Groveland are over priced. For a decent home you are looking at 650 to 750k and I see builders still raise the price even if the sales are slower compared to before. I visited different communities and the builders do not want to lower the prices still aiming for that big cash out. The same house is listed for 750 in minneola and Clermont, and 575 in groveland. I did some research and the same house was between 350 and 400k in2019-2020. Even with inflation I don’t see the price of the homes double like this. I do believe that the price still got to come down to the average home price as 2019-2021. For the prices they have now I think lot of people are sitting on the side and watching, plus I realized that a lot of homes are being built and not listed yet in order to show demand, I even walked the communities and saw them being built and not on their websites yet. This market is insane and in need of a correction.

I do like your videos, keep updating us with informative videos and insight. Clermont, minneola and Groveland are over priced. For a decent home you are looking at 650 to 750k and I see builders still raise the price even if the sales are slower compared to before. I visited different communities and the builders do not want to lower the prices still aiming for that big cash out. The same house is listed for 750 in minneola and Clermont, and 575 in groveland. I did some research and the same house was between 350 and 400k in2019-2020. Even with inflation I don’t see the price of the homes double like this. I do believe that the price still got to come down to the average home price as 2019-2021. For the prices they have now I think lot of people are sitting on the side and watching, plus I realized that a lot of homes are being built and not listed yet in order to show demand, I even walked the communities and saw them being built and not on their websites yet. This market is insane and in need of a correction.

Cleremont and Groveland got hella expensive during the pandi. I like the area, but it is too out of the way for me personally.

Clermont, minneola, groveland and now mascotte has gotten really expensive.

As It was explained to me. Used homes (vs new) are bound to the current interest rate. Whereas people are enticed to purchase New Homes due to the builders buying down rates by up to 2 percent. So in essence onr can purchase a preowned home at 5.5 percent or buy a new home at 3 75 to 4.0 percent. Not for nothing but the average ssvings on a monthly mortgage payment is roughly 40.00 per each quarter percentage point.. do the math. That why the used market is currently stagnant. And will remain that way until someone knocks this info into into sellers heads and prices on used homes drop further. Edit to add..... do not forget new homes also have at minimum a 1 year everything covered warranty. (Not including lightbulbs)😂 😂😂

Awesome video. I'm watching the market looking to buy AFTER Dec because I also predict a significate drop in prices as we head into 2025. I think we need a solid 10%+ correction. I appraise homes in CA for a living & something HAS to give 👍

Thanks for the valuable information

Grew up in Orlando . Just moved to Houston. Got priced out the game. Keep up the good work Jared!

Man if I didn’t have closed caption I would not be able to understand you. You speak to fast for me.

🤔 Thinking of buying, selling, or investing in real estate? My team can help anywhere! Call or Text: 407-706-5000 Email: info@jaredjones.com Visit my website: www.jaredjones.com

I guess you haven’t check their prices…HUGEMONGOES!!!!!

Great video. Deland is slowing for sure!

Thankfully Cele is insulated from a lot of the 34747 turmoil and rental market. But we're crazy priced and people still moving into the new Island Village development. Truly is a bubble here.

As a local near universal wintergarden vineland rd and Kirkman weatwinds apartment's I've seen migrants going in and iut without using the 24 hour notice as well as perform unliscnede work with 2 fires within a hear burned down the buildings

I would like to see an analysis on the best areas for buy and hold strategies. Thanks in advance.

Prices are strong in Windermere.

Well, do you have a few of the highlights? What about the city wanting to make a lot of the residential drags like Lakeshore Boulevard commercial real estate, which will destroy the hometown field what are your thoughts on that?

That guy painting the wall with the roller should put paint on the roller first.

You the man Jared!

Eew. No wonder. You'd have to pay me to live there. In gold doubloons.

Well let me share the economy folks !!! Bottom Line Devenport Housing price will fall like no tomorrow and the main reason is, its economy cannot support the people !! During pendamic and remote work, people had tonnes of cash + reason to move south, and than investor wanted to park their cash as the sky was falling due to fed tightening.. now those are gone, remote is back to office, Fed is lowering the interest rate, so all those investors want their money back so that they can put em back to equity market .. Thinks have even messed up with government and insurances giving enough reason for everyone to go together before it will bottom !! I expect this winter to be a blood bath at Davenport and surrounding areas.

Wow this model starts at $1.7 mill?! Sounds almost too good to be true. My guess is this model shown as staged (beautiful staging) would command more like $2.5-3 mill. My only concern is the windows look like cheap casements (although I'm sure hurricane proof as this is code in FL since 2007). Many times this is where builders cut back to keep internal costing low. Exquisite property for sure.

Still overvalued

Love your channel & the way you break down the numbers. You make it quite easy to understand the data and the possible implications. Thank you.

🤔 Thinking of buying, selling, or investing in real estate? My team can help anywhere! Call or Text: 407-706-5000 Email: info@jaredjones.com Visit my website: www.jaredjones.com

They need to come down a lot more than 10 percent, housing is way overpriced.

10% ain't nothing! The housing market and sadly corporate greed is destroying the housing market. They need to lose far more than 10%!!! Maybe 50% and reduce mortgage rates too! This real estat market is simply not sustainable especially with todays economy with people struggling trying to purchase a house at 600k and up whole salaries and wages have not been raised.. smh

So many people have moved out of Winter Garden the last year and so many houses for rent are empty here

Davenport is gross

Sellers are always their worst enemy. People are overly proud and won't open their minds to try to understand the basics of supply & demand. Delusional sellers (and incompetent realtors) are the main reason why so sellers will lose out on selling faster during this post Covid buyer's market. Jared, you are one of the few who is pointing out that the FL locals can't afford the over inflated house prices driven up by the migration of more affluent northerners and Californians that came during Covid. Of course, let's also acknowledge that the STR market was overly saturated to begin with and now that the wall street money, private investors and second homeowners are trying to make a mad dash to cash out and salvage some of the equity in their homes, the Davenport & Kissimmee real estate markets are about to take a DEEP plunge. I would not be surprised if after these areas experience market crashes, these popular airbnb towns revise their STR policies and ordinances.

My homes value declined on Zillow by -$75000. Is that normal?

Interesting vid, been around champions gate for 5 years now and its completely insane with rents etc Every single piece of land here is being built on too

@floridalocalrealestate 0 seconds ago Good Content, Championsgate Rocks IMO!

I took a trip to Davenport recently to look at renting there for the winter so I could explore all the areas to maybe by. But that traffic was horrible and I was amazed at how many homes were currently under construction. There were housing developments everywhere. I changed my mind on going there.

DONT GET A CONDO IN FLORIDA, SAY GOODBYE TO YOUR MONEY!!!!!

You don't have to do chores at a hotel before you leave 🤣🤣 screw Airbnb

What are your thoughts on buying property in Storey Lake? 34746

I can't help but wonder how many of these AirBNB homeowners and investors continually vote for Democrats. Bad economy = low occupancy. The decline started in 2021? When did Biden take over?