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.
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.
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.
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.
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
@@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 ?
@@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
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.
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.
@@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.
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.
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
@@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
