Home values are now dropping across states like Georgia, Tennessee and South Carolina. As inventory levels spike and the housing downturn in Florida spreads to other states.
Homebuyer demand in 2024 continues to falter, as mortgage brokers are reported a 45% slump in mortgage applications compared to pre-pandemic levels through mid-October.
Who wants to buy homes that have been potentially water surged or in hurricane paths constantly?
Coastal real estate is going to take a hit.
Fl Condos are really taking a hit because of a mandate to get up to Fl Code. Massive $$$ assessments for 1000's of condo's …be careful…
— floridanow1 (@floridanow1) October 21, 2024
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