Joe -- I know there has been dramatic changes in condo regulations in Florida. I wonder if that is affecting supply and demand numbers in Jax/Miami markets.....
@Manausa
Ай бұрын
That's got to be a part of it Kevin, especially when coupled with soaring insurance rates. I think another aspect is that during COVID, we had a lot of people move to Florida and we might just be experiencing a little bounce-back. It seems that some people are moving away from Florida's largest MSAs due to rising housing costs, increased property taxes, and the threat of natural disasters like hurricanes and flooding. Additionally, shifts in job opportunities, the rise of remote work, and the desire for quieter, less congested areas over urban environments.
@alanswanson5642
Ай бұрын
@@Manausathat and they realize now that is hot humid and rains every day in the summer. Nothing like the week they spent on spring break
@nickfugh3876
Ай бұрын
Raleigh marker is experiencing some price cut too in late May and June... The increase in supply due to family situation or job migration is real. Thank you!
@Manausa
Ай бұрын
Hey @nickfugh3876, great to hear from you again. Hope your buyers are more active than ours right now ...
@Manausa
2 ай бұрын
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@chrispoyner3338
Ай бұрын
Given this data and my recent boots on the ground experiences, it's more important than it's ever been for sellers to price the home appropriately. The penalty for overpricing your home is growing steeper and steeper. You've got it right Joe, having an experienced agent and, key word coming up here, LISTENING to pricing is paramount to your success (and your pocketbook).
@Manausa
Ай бұрын
This is one part of the housing affordability crisis that is returning to "normal," @chrispoyner3338. Historically, pricing was far more important than what we saw in 2021, 2022, and early last year.
@rayferngren9557
Ай бұрын
Joe, you've so consistently called the inventory issue being the driver here. Kudos ! If our country can get a hold of the fuel policy(where so much of cost increases in everything come from) I think Real Estate will go in a more affordable direction too.
@Manausa
Ай бұрын
I hope so @rayferngren9557, the longer we go short on homes, the more difficult the recovery becomes.
@qualitytouchpainter
Ай бұрын
They could have rented out their low interest home and rented an apartment.
@Manausa
Ай бұрын
Not sure I understand which "they" you mean @qualitytouchpainter. Keeping a low-interest rate loan is sound advice though.
@marc639
Ай бұрын
Pay the bank thousands every month in iserest is just not worth it
@Manausa
Ай бұрын
What's the alternative @marc639? Pay the landlord thousands every month in rent? Live in a van, down by the river? You have to live somewhere, and everywhere is getting more expensive.
@age_of_reason
Ай бұрын
A family of Smiths have Asian parents. Ok. 🤭
@Manausa
Ай бұрын
It can happen ... 😀
@dorianprifti9843
Ай бұрын
I don’t trust Zillow
@Manausa
Ай бұрын
Neither do I @dorianprifti9843, but I trust their data as it jives with other sources. I like to look at Zillow data monthly because it's the first available for US housing market analysis.
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