Florida will be the first bubble to pop: The amount of housing sale inventory YoY is up over 100% in almost every major city.

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How do we see this type of inventory increases in one year without major price reductions imminent. We need a correction but this one might be extreme. You can’t double inventory, with low demand, and things not correct significantly. Thoughts on what yall are thinking?

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Florida is also seeing a lot of private homes insurers drop peoples coverage. Resorting to citizens’ insurance or self coverage. If you lose insurance, you run the risk of foreclosure.

 

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h/t SurfSwordfish


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