Inventory is really the core problem - not the interest rates/prices like I often hear. Just yesterday I was discussing with a client about their options to either continue renting for another year (because they are afraid they can't find exactly what they want despite having a $500K budget to work with in Tallahassee) or to move forward with a maybe not-EXACTLY-what-they-want home. We decided it would be better to focus on finding them a home within their desired location and school zones than to continue to rent. They can make the home more perfect over time, and/or even sell in a few years and buy that "forever" home. Continuing to rent for them is a $30K annual loss - gaining equity in their new home is an easy win.
@Manausa
3 ай бұрын
Great points there Nikky, thanks for sharing. Instead of losing $30K/year waiting for the right home, bank $$$/year waiting for the "forever" home.
@jamesoleary1844
3 ай бұрын
People don't want to buy because this is the worst time to buy in US history from a affordability stand point. Florida inventory is back to pre pandemic levels and sales are still down even in markets where prices are falling. Renting makes good sense unless you're sure the home you buy is where you want to stay for more than ten years. Some Florida communities have already gone from yearly home price appreciation to flat and now to depreciation. I think many more will follow.
@Manausa
3 ай бұрын
Thanks for sharing your opinion @jamesoleary1844
@chrispoyner3338
3 ай бұрын
Cool to see that 4 out of 5 local US Housing markets are projecting to see price growth for home owners and people who ste up and buy this year. Not so cool for the folks who wait because they think rates will come down or prices will come down.
@Manausa
3 ай бұрын
Thanks for sharing your experience @chrispoyner3338, and I agree that there's a lot of people waiting on the sidelines. History is not in their corner.
@utek3420
3 ай бұрын
Send them to Manatee County in FL! West Bradenton is flooded with properties for sale, and it's a buyers' market here.
@Manausa
3 ай бұрын
Thanks for sharing your experience @utek3420, it greatly adds to the video and channel.
@Manausa
3 ай бұрын
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