Housing Sales Crashing in Florida

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by Odd_Personality_1514

We’re in the middle of trying to sell our home here in southern Miami – Kendall. Just one year ago you couldn’t find a home to buy. Whenever a home went up, it’d sell in days, after bidding wars. Today, there still aren’t that many homes for sale, but the buyers have evaporated. We bought our home 7 years ago for $420K, and today it’s up for $899,950…lowered from $925K only three weeks ago. No bites, only a few “interested” parties. We have a contract on another home we’re moving up to in Orlando contingent on our sale. That house’s seller just contacted us and asked if we wanted to extend our contract a month – absolutely we said. We have a feeling we’ll have to extend it another month while lowering our home to $875K… or less.

Worst of all, I’m an award winning animator/motion designer who hasn’t had a solid project in over a year! My industry has had a terrible drop in productions, and AI is looking to taking a lot of work. I’ve been in the VFX/animation industry for over 40 years – from 3.5” floppies to crazy fast render farms.

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So both the sudden falloff in the housing sales and a crashed animation industry, my wife and I are a month from $0 savings after the year of a trickle. I can’t even get Apple to interview me as a “Genius” or just a tech support guy – something I’m incredibly capable of performing.

Our hopes? That the Fed will drop interest rates a while point (fingers crossed), that I’ll get some work in the next month (now that previous clients know I’m headed back to Orlando), and that the new election situation will calm buyers into coming back into the market.

How’s everyone else surviving this downturn, or are you suffering a downturn?

Cheers to all.

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