Independent thinking for complex markets and current events
1) One of the reasons the seller on this listing had to cut so much is because of massive oversupply in the market. Inventory in Punta Gorda is up almost 800% from pandemic low in this ZIP code. And is double pre-pandemic levels. Thus: you need to cut massively to sell.… pic.twitter.com/xzgB3wYZYw — Nick Gerli …
People in the Florida Panhandle, Big Bend region and much of the central and eastern Gulf coast need to complete preparations for major hurricane impacts by Wednesday night before hazardous conditions arrive by Thursday. Key takeaways: •A major hurricane is poised to make a quick landfall in the United States Thursday •Time is running out …
Landlords across America are being forced to cut the rent on houses due to weakening demand. Especially here in Florida where rent growth is declining and big corporate investors like Blackstone and Starwood Capital are beginning to sell. Declining rents is a big problem for these investors, because the property tax bills and insurance costs …
Crypto Chronic – X, Released on 9/16/24 Florida Governor Ron DeSantis refuses to hand Trump shooting suspect Ryan Routh over to the Feds. Routh was arrested by local Florida PD while fleeing on I-95. The FBI has demanded custody of him but DeSantis refused, saying Florida will conduct its own investigation. https://twitter.com/CRYPT0CHR0NIC/status/1835786599386292672/history
Donald Trump ass@ssination attempt suspect laughs, smiles during first court appearance in Florida.https://t.co/KxsVunqiWo — @amuse (@amuse) September 16, 2024
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? Florida is also seeing a lot of private …
https://twitter.com/GayBearRes/status/1833487117907059028 https://twitter.com/GayBearRes/status/1833535286166601765 https://twitter.com/GayBearRes/status/1833558559272894639 Florida Is Facing Its Gravest Real Estate Crisis in Decades In Florida, condo owners are drastically reducing their property prices, some by as much as 40%, in response to impending massive repair costs. This trend marks the severest real estate downturn the state has faced in decades, putting significant financial pressure on …
https://www.nbcnewyork.com/news/national-international/venezuelan-president-nicolas-maduros-plane-lands-in-fort-lauderdale-homeland-security/5756753/?os=f&ref=app The United States on Monday seized Venezuelan President Nicolas Maduro’s plane in the Dominican Republic and flew it to Florida, saying it acted over violation of US sanctions. United States officials moved to take the aircraft, a Dassault Falcon 900EX private jet used by Maduro and members of his government, with the Justice Department …
Home builders across Florida’s housing market are in panic mode in 2024, doing big price cuts to clear inventory.
https://twitter.com/RedWave_Press/status/1824072101021483242
Flood insurance costs in Florida are skyrocketing in 2024, causing many homeowners to be forced to sell their houses. The result is lots of homes for sale and declining prices.
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. …
Florida is experiencing a substantial increase in Homeowners Association (HOA) fees, which has led to a surge in property liquidations. This situation is part of a broader national trend affecting millions of homeowners across the United States. New Legislation: A law signed by Florida Governor Ron DeSantis mandates that all condo associations in the state must …
It was a weekend to celebrate a beloved family matriarch, surrounded by generations of her loved ones at her disco-themed 80th birthday party. But it ended in tragedy, after an SUV carrying 10 family members through South Florida careened off a two-lane country road and into a canal in a remote stretch of western Palm …
…DEPRESSION BECOMES TROPICAL STORM DEBBY OVER THE SOUTHEASTERN GULF OF MEXICO… …HURRICANE WARNINGS ISSUED FOR PORTIONS OF THE GULF COAST OF FLORIDA… https://www.nhc.noaa.gov/ Tropical Storm Debby Discussion Number 6 NWS National Hurricane Center Miami FL AL042024 500 PM EDT Sat Aug 03 2024 The tropical cyclone has become better organized since the last advisory, with …
Our exclusive 1km domain central Florida FOX Model really indicates #Debby being around Cat. 1 strength. Strong (and strengthening until landfall) Tropical Storm or low end Cat. 1 seems realistic. Tremendous rains on the east side. This will be a big rainmaker and flood threat… pic.twitter.com/s2yAeX9osF — Noah Bergren (@NbergWX) August 3, 2024 Fresh Saturday …
Tropical Weather Outlook NWS National Hurricane Center Miami FL 800 AM EDT Fri Aug 2 2024 For the North Atlantic…Caribbean Sea and the Gulf of Mexico: https://www.nhc.noaa.gov/gtwo.php?basin=atlc&fdays=7 1. A well-defined tropical wave is producing a large area of poorly organized showers and thunderstorms over eastern Cuba, Hispaniola, the southeastern Bahamas, and Jamaica, as well as …
On a recent episode of The PBD Podcast, host Patrick Bet-David spoke with Polk County Sheriff Grady Judd about a harrowing incident involving a suspect who killed a canine handler and stole his firearm, leading to a fatal confrontation with law enforcement. https://www.rvmnews.com/2024/08/florida-sheriff-cop-killer-shot-so-many-times-you-could-read-through-him-video/
Blackstone is beginning to sell their housing portfolio in Florida, particularly here in St. Petersburg where the inventory of homes for sale has spiked in the last year. This house behind me in this video is behind sold by a Blackstone-owned company called Home Partners of America. They bought it in August 2022 for $380,000 …
Here’s the listinghttps://t.co/ZRJTAf82jb — MorningAgent (@MorningAgent) July 27, 2024
The Texas and Florida housing markets are beginning to crash. With inventory levels spiking and Zillow value estimates declining in these markets. 65% of consumers say this is a bad time to buy a home pic.twitter.com/iBxCnJg9ek — Piker Capital (@PikerCapital) July 17, 2024
Tamra Ransom thought she was one step closer to her American Dream when she purchased her home in Polk county, Florida in May 2023. But less than a year later, she had already listed her property — which she pumped all her savings into — for sale. What caused that sad and sudden u-turn? A …
1) The graph above points to how bifurcated the US Housing Market is right now. Texas and Florida literally have 276% more inventory than the entire Northeast US, which comprises 9 states. Prior to the pandemic these regions had the same amount of inventory. — Nick Gerli (@nickgerli1) July 15, 2024 2) It's even crazier …
Florida is facing notable risks in its housing markets. According to a recent report by Parcl Labs, 13 out of the 15 housing markets labeled as “at risk” are located in Florida. Here are some key points: Reasons for Risk: Hurricane Ian: The impact of Hurricane Ian in September 2022 has contributed to additional softening in Southwest Florida. Spiked Home …
The Lake County Sheriff’s Department in Florida reported a 72-year-old man has been arrested for allegedly shooting down a Walmart delivery drone. Dennis Winn, 72, was arrested after he allegedly shot down a Walmart Delivery drone that was making mock deliveries in his neighborhood. According to Local 12 News, Winn fired shots at the drone …
A Florida man eating in a diner with his wife recently sneezed so forcefully it caused parts of his intestines to exit his body through a surgical wound, according to researchers. The case, published in a May 2024 edition of the American Journal of Medical Case Reports, describes the unnamed man as a 63-year-old with …
An incoming California college student and his family were robbed of all their belongings, including $3,000 and their passports when thieves broke into their rental car as he was being dropped off for school. The teen’s parents have since planned to disenroll him from the school over safety fears in the state, according to KTVU. …
The Florida housing market has been experiencing notable shifts. While the overall state-level home prices have been steadily growing, there are specific areas where inventory has surged dramatically. For instance, in ZIP codes like Port Richey, located north of Tampa, listings have nearly tripled compared to last year, with a staggering 248% growth in listings year-on-year. This surge in inventory …
