FLA Real Estate Downturn - A flashing warning signal?

FLA Real Estate Downturn – A flashing warning signal?

The average cost of property insurance in Florida is now over $11,000/year. Which is causing many homeowners to be forced to sell their properties.

As a result – homes for sale on the Florida housing market is rising fast in 2024, particularly in metros like Miami, Tampa, and Orlando.

FLA Real Estate Downturn – A flashing warning signal?

It’s unlikely ( depending on how bad the real estate market gets) that Florida’s slowdown will cause a nationwide downturn in real estate. Here’s why:

Florida’s Market Unique: While Florida’s housing market is experiencing a cool-down, with rising inventory and slower price growth, experts predict it won’t be a dramatic crash (but then again, when it comes to real estate predictions many so-called experts especially the ones active in or related to the real estate industry, always seem overly optimistic). Factors specific to Florida, like high property taxes and insurance, might be playing a bigger role than national trends.
National Market Different: The rest of the country’s housing market is showing different signs. While there’s a slowdown in some areas, inventory isn’t surging nationally like in Florida.

However, Florida’s situation could have a ripple effect in a few ways:

Investor Impact: If Florida investors lose confidence and sell off properties, it could affect some national markets. But this is likely to be limited since Florida is a specific market with its own attractions for investors.
Nationwide Housing Psychology: A downturn in Florida could add to a national sense of unease about housing, potentially leading to more cautious buyers in other regions.

Overall, it’s best to consider Florida’s situation as a regional trend, not a definitive (yet) sign of a national housing crisis.

FLA Real Estate Downturn – A flashing warning signal?

Brokerforyou.com is for SALE

Just like most major businesses, the easiest way, and the fastest way to expand your business and influence in your particular market is through strategic acquisition. Just look at Google, they are the number one search engine in the world! Google bought Youtube in November 2006 for US$1.65 billion! YouTube now operates as one of Google’s subsidiaries.

www.brokerforyou.com is for sale and is offered with a very popular San Diego residential real estate channel with 1.16K subscribers and 114 videos!!

What’s the approximately monthly cost to host a website? With shared hosting, you’re hosting fee can break down to about 10 to $15 per month. To keep your url registered (that’s your site address), this is usually paid on a five to 10-year basis, which averages out to about just a dollar per month! Naturally, if you add direct hook-up to a MLS database, that provides lead capturing, this costs can vary greatly from provider-to-provider.
Also available, much smaller aged websites (not just urls) for Real Estate agents and brokers in California. Yes, since I’m retired from Real Estate now I have a number of websites that are available that you can use for readings to your main site. The following real estate area sites are available but subject to prior sale, without notice: San Diego, downtown San Diego, Del Mar, Encinitas, Orange County, and Los Angeles. If you’d like to purchase any of these sites with all the content included, you can get them at a Bargain Basement price. Please contact me if you’d like further details.
Interested, call Bob Schwartz (619) 286-5604 for additional information
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