Good content, but! If prices haven't come down why are all SW FL realtors saying "don't even think about listing for what your neighbor got two years ago"? Why not if prices haven't come down? I see 1600+ sq ft pool homes now for $350K. Two years ago $450K.
If you look at the chart at 3:19 and use 2019 as a benchmark we are still in a real estate boom. If you bought in 2016 and have 400k in equity, who cares about a 20k price decline? If you use 2024 as a benchmark , we are down a small amount, but it is not like everyone in Sarasota went out and bought a house in 2023, so who is down? Luxury homes $2 Million+ and vacation homes tend to track the stock market and the market is close to a all time high. If you make a bundle in the market, a 5% increase/decrease is not an issue. Sarasota has lots of part time vacation homes, so if the stock market tanks, prices will suffer greatly. Workforce housing is a real issue, there are lots of jobs in Sarasota, but if you can't afford to rent a apartment those jobs go unfilled. In the construction industry everyone is working full out, this is boom times. Phillipi creek flooding will take many of those homes off the market permanently , they will keep flooding and will have to be elevated.
The so-called housing market should crash. The real estate clubs have kept the prices so high for maximum commission. I would like to see a stop to this.
Slash rates back to zero, prices will almost double by next summer, which means housing along with food and meds and insurance, vehicles will be in hyperinflation.
Florida real estate isn't local. Used to be literally zero humans in the entire State so in fact is very modern starting on or about 1950 for the totality of new builds meaning all the infrastructure is top of the line Cold War Era, all top of the line HVAC, all top of the line *"housing thought"* with set backs, a driveway, a garage, a boat launch, *"planned communities"* usually with standard golf course. Now has supertalls and unique to Florida a type of "apartment" thing. Make no mistake tho crazy oppressive humidity is still all of Florida so is suddenly on sale for a reason. Plus very few "natives" meaning a population that in massive numbers might suddenly decide to leave as happened in 2008. Make no mistake *HAS ALREADY CRASHED* started 2 Years ago in Florida and across most of the USA with the stock market crash of 2022. Biggest problem since then however is China property bubble has burst and now starting to "feel" that in both Florida and the Pacific Northwest where dollar amounts invested at peak were in the hundreds of *BILLIONS* in US Dollars. Added to this now is Russia invading all of Europe 2 Years ago so now that foreign money is drying up too. Add to that Canada in the biggest property mania in Human History there so that is now in free fall and they too are very high quality real estate investors. Despite all this development still proceeds needs noting but yes taken together all of this means a *MASSIVE* price correction down still well underway #undertow #buyers_market #open_outcry 😊
Houses here in Jwcksonville have been listed for 3 years and havent sold. At this point idk whos gonna pay those prices today if no one was willing in 2021
The big question mark that seems more often than not to elude these videos on the state of RE is the future expectations for the economy which for a lack of a better way to put it is cloudy at best. The stock market indexes have held up more or less from a handful of stocks that now have crazy valuations. Remove them from the indexes and things don't look so great. Something like 40% of the stocks in the Nasdaq 100 are down 50% from their 52 week highs. Historically when the fed actually starts to cut rates the stock market sharply corrects which definitely can negatively impact the wealth effect. Some economists say we are already in a recession which will only be realized later in the cycle. Just seems risky right now and I think the next 6 to 8 months will be very telling as far as the clarity whether it be good news or bad for the economy. From my vantage point it is a wait and see scenario for a all cash purchase with a 5.3% buffer earned in short term t-bills to offset any unanticipated RE gains.
The Data shown is 30 Days old ..our listing agent has quality listings in Sunrise Preserve in Palmer Ranch . No showings in ten days. Buyers are on the sidelines. Maybe seasonal, most likely high interest rates.
Nobody says there will be a Crash, only a correction!😊
Is not that will be a correction is already happening! 😆
Good content, but! If prices haven't come down why are all SW FL realtors saying "don't even think about listing for what your neighbor got two years ago"? Why not if prices haven't come down? I see 1600+ sq ft pool homes now for $350K. Two years ago $450K.
Thank you for the update and your honesty.
If you look at the chart at 3:19 and use 2019 as a benchmark we are still in a real estate boom. If you bought in 2016 and have 400k in equity, who cares about a 20k price decline?
If you use 2024 as a benchmark , we are down a small amount, but it is not like everyone in Sarasota went out and bought a house in 2023, so who is down?
Luxury homes $2 Million+ and vacation homes tend to track the stock market and the market is close to a all time high. If you make a bundle in the market, a 5% increase/decrease is not an issue.
Sarasota has lots of part time vacation homes, so if the stock market tanks, prices will suffer greatly.
Workforce housing is a real issue, there are lots of jobs in Sarasota, but if you can't afford to rent a apartment those jobs go unfilled. In the construction industry everyone is working full out, this is boom times.
Phillipi creek flooding will take many of those homes off the market permanently , they will keep flooding and will have to be elevated.
I don’t know, anyone I know in FL can’t find buyer, very hard, taking many losses
The so-called housing market should crash. The real estate clubs have kept the prices so high for maximum commission. I would like to see a stop to this.
Slash rates back to zero, prices will almost double by next summer, which means housing along with food and meds and insurance, vehicles will be in hyperinflation.
That’s coming, they lower rates soon cause much inflation
Why did the market crash when they lowered rates in the mid 2000s?
Are you selling to sellers or buyers?
Florida real estate isn't local. Used to be literally zero humans in the entire State so in fact is very modern starting on or about 1950 for the totality of new builds meaning all the infrastructure is top of the line Cold War Era, all top of the line HVAC, all top of the line *"housing thought"* with set backs, a driveway, a garage, a boat launch, *"planned communities"* usually with standard golf course. Now has supertalls and unique to Florida a type of "apartment" thing. Make no mistake tho crazy oppressive humidity is still all of Florida so is suddenly on sale for a reason. Plus very few "natives" meaning a population that in massive numbers might suddenly decide to leave as happened in 2008. Make no mistake *HAS ALREADY CRASHED* started 2 Years ago in Florida and across most of the USA with the stock market crash of 2022. Biggest problem since then however is China property bubble has burst and now starting to "feel" that in both Florida and the Pacific Northwest where dollar amounts invested at peak were in the hundreds of *BILLIONS* in US Dollars. Added to this now is Russia invading all of Europe 2 Years ago so now that foreign money is drying up too. Add to that Canada in the biggest property mania in Human History there so that is now in free fall and they too are very high quality real estate investors. Despite all this development still proceeds needs noting but yes taken together all of this means a *MASSIVE* price correction down still well underway #undertow #buyers_market #open_outcry 😊
Waterside prices keep going up. A 2,000 sf lake front home is pushing $1M. Outrageous!
@@rrcbiker agreed. Waterside is becoming quite pricey.
I won't pay not even 5 bucks for a Florida home. That state is horrible...
Isn't Sarasota underwater?
No. There are a few neighborhoods that did experience devasting flooding but it was a very small percentage of all neighborhoods.
Interesting content but pls lessen the sound effects which detract from your commentary.
@@greeneyesms thanks so much for the comment. I will definitely take the sound into consideration moving forward. Thanks again.
I agree having trouble focusing on what she’s saying with constant sound effect distraction.
We know who will be in office !
What's worse than affirmative action talking nonsense?
Please leave your charts up long enough to read them
Thanks. I will be sure they are up longer.
If you're on a desktop you can click with a mouse to pause. If you're viewing from phone you can double tap the video to pause.
Houses here in Jwcksonville have been listed for 3 years and havent sold. At this point idk whos gonna pay those prices today if no one was willing in 2021
The big question mark that seems more often than not to elude these videos on the state of RE is the future expectations for the economy which for a lack of a better way to put it is cloudy at best. The stock market indexes have held up more or less from a handful of stocks that now have crazy valuations. Remove them from the indexes and things don't look so great. Something like 40% of the stocks in the Nasdaq 100 are down 50% from their 52 week highs. Historically when the fed actually starts to cut rates the stock market sharply corrects which definitely can negatively impact the wealth effect. Some economists say we are already in a recession which will only be realized later in the cycle. Just seems risky right now and I think the next 6 to 8 months will be very telling as far as the clarity whether it be good news or bad for the economy. From my vantage point it is a wait and see scenario for a all cash purchase with a 5.3% buffer earned in short term t-bills to offset any unanticipated RE gains.
Excellent update!
FORCED SELLING
Florida, not worth the price!
The Data shown is 30 Days old ..our listing agent has quality listings in Sunrise Preserve in Palmer Ranch . No showings in ten days. Buyers are on the sidelines. Maybe seasonal, most likely high interest rates.
Can’t wait to watch how poorly this video ages 😂
Which way?