Home purchases were canceled at highest May rate on record, The Big Short sequel in motion, crash just started in Florida

America’s most expensive housing market is right here in the bay area in Santa Clara county as far as large areas where people actually live. But even here the housing market is showing signs of cracking with inventory. Starting to pile up price is getting stale and more homes with the price cut than we have seen in a decade.

Empty ghost towns are piling up all over Florida. Especially in luxury home-building communities where the houses are listed at $1-2 Million. In this video, I walk you through an empty home building site near Lakewood Ranch/Sarasota, Florida. The builder here is Toll Brothers, and they are America’s largest luxury homebuilder.