FLORIDA HOUSING MARKET 2022. Are we being OUTPRICED??

[@LivingInSarasota]

LET’S CONNECT! Lisa McBride 📲 Call/Text Direct at 941-373-5880 📩 E M A I L ➳ [e-mail] 💻 W E B ➳ sarasotaneighborhoodexperts.com ​ 👉 B L O G ➳ sarasotaneighborhoodexperts.com/blog/ 🎥T i k T o K ➳ www.tiktok.com/@lisamcbridesrq1

[@ethansmith5576]

According to local newspaper Sarasota, Bradenton and North Port are over valued 30%.

[@hokeywolf3416]

According to buyers, there is still so much demand for south Florida real estate that they need to make cash offers at or above asking price. Offers with financing rarely get to the table.

[@LivingInSarasota]

extreme buyer demand and a massive inventory shortage definitely have factors in this. thanks for your feedback and thanks for watching.

[@novadhd]

Florida and other parts of the US are in a major housing bubble with prices up 20-30 %. Someone would have to be nuts to buy in a market like this but if money is no object why not. Thanks for the vid.

[@LivingInSarasota]

Thanks for you feedback. The market is crazy!

[@hokeywolf3416]

Beautiful and warm places will continue to go up in value. Ugly and cold places will certainly go down in value.

[@leslielucci3182]

If you’re buying & selling between 2 equally inflated markets then it’s a wash except higher sales price will be used to increase property tax.

[@hokeywolf3416]

@@leslielucci3182 and you can fight that higher tax..... successfully by going to your local taxing authority and showing them what your neighbors are paying.

[@LuckyOne3749]

@Lisa McBride- Sarasota Neighborhood Experts I learn something new each time I watch your videos

[@LivingInSarasota]

Thank you. I appreciate the comments.

[@L-A1640]

Lisa. Excellent information. Thank you so much

[@LivingInSarasota]

You are so welcome! Glad you find it helpful. Thanks for watching!

[@s99614]

Thank you for this far and balanced view on the housing market there.

[@LivingInSarasota]

Thanks for watching.

[@Bradimoose]

Prices could double from here and it wouldn't affect Sarasota. I worked in high net worth insurance and quoted $2M yachts and multi million dollar condo's in Sarasota almost daily. Unlimited wealth is moving there.

[@LivingInSarasota]

You have some very good insight! Thanks for watching.

[@christopherwelker2224]

I heard the same things in 2005-2006

[@johnlattarulo2578]

With as many as 7 interest rate hikes predicted for 2022 and delivery on new construction out one year plus from contract due to supply constraint buyers may be facing some uncertain and unexpected increases in their mortgage rate when it come time to lock in. There are builders right now that are in a holding pattern and not writing contracts at all which pushes the timeline out even further. At the same time today's buyers may lose home equity and wealth due to stock market values and real estate values decreasing which is a logical assumption in a rising rate environment. Nobody can really predict with certainty what the future holds but I would be pricing in worst case scenarios into your budgeting especially if you are not an all cash buyer.

[@LivingInSarasota]

That is great advice.

[@johnlattarulo2578]

@@LivingInSarasota one thing I am curious about is if todays prequalifications take into account rate forecasts out to expected delivery on new construction?

[@Twobarpsi]

Thanks for the update! Which month is typically the lowest priced?

[@LivingInSarasota]

Anytime between August and December is usually the lowest.

[@Twobarpsi]

@@LivingInSarasota ok good to know!

[@dr.suezettealoysiaandcarla1664]

“The calmest husbands make the stormiest wives” ~Thomas Dekker “Walking distance to the Riverwalk “ ~Dr Carl 🤗Dr Suez

[@LivingInSarasota]

i love your quotes. thanks for watching!

[@dr.suezettealoysiaandcarla1664]

@@LivingInSarasota we love your channel! Happy Friday 🤩👍🏾😘

[@dean827]

nice presentation Lisa.

[@LivingInSarasota]

Thank you! 😃

[@hokeywolf3416]

Beautiful and/or warm places will continue to go up in value because of demand. Ugly and cold places will fall I think.

[@LivingInSarasota]

Great points. Thanks for watching!

[@Belboo123]

I get the low supply… But do the local incomes support these prices?

[@LivingInSarasota]

No, however so many buyers are coming from outside the area.

[@ArmandoPerezContractor]

@@LivingInSarasota I just closed last week in a new house I built: Buyers are from outside

[@leekh-a3933]

Exactly many new deputies in manatee county within the last 3 years can’t afford the houses here . Many paying very expensive rent and got roommates or still with parents.. only the older deputies got homes or the deputies got super lucky buying a house right before Covid

[@easydeal123]

Has the new home sales taken into consideration in the number shown ?

[@LivingInSarasota]

For closed numbers it will.

[@ArmandoPerezContractor]

Good information

[@LivingInSarasota]

Thank you. Thanks for watching!

[@brantleymoore9670]

Hi my wire and I are moving to south west Florida soon , hopefully may or June . We have been working with Dan McKinnon a Florida realtor . My wife is a realtor here in NC where we live . We’re from here all our life and want to relocate to the gulf . We have been to south west Florida a couple times now and believe Venice is our best bet for prices vs square footage and we def want to be with in 15 mins of the beach . Maybe we will meet you when we get there . Maybe work together . I work in air conditioning for the last 10 years . I have a real estate license in NC but I have never practiced . I have been aware of the ins and outs of all the transactions my wife has done. We both want to work as a team in Florida on a team . You have any advise or suggestions for us ? We appreciate your videos. You’re super smart and articulate well. It’s easy to listen to you and we learn a lot . Thanks for what you do .

[@LivingInSarasota]

Hi Brantley, I would love to chat with you both and perhaps provide some good options and ideas for you. Feel free to give me a call at 941-373-5880.

[@sandybeach3576]

House prices to the moon.

[@LivingInSarasota]

That's a fact! Thanks for watching!

[@texasboy5117]

No one ever complains about high home prices when they list grammas Home.

[@LivingInSarasota]

Thanks for watching!

[@cutterchengas1573]

yes. we are at the top of the market and here is why....11 out of the last 12 fed rate hike cycles since 1950 have resulted in a recession. If you listen to this realtor who's desperate to sell a few more homes before the market crashes, get ready to be bankrupt in 5 years.

[@ElearningDigest]

Since 2008, I’ve heard one failed prophecy after another. The fact is, this is the New Normal. Not a crash.

[@cutterchengas1573]

@@ElearningDigest blackrocks stock down 30%, zillow down 75%, redfin down 75%, homebuilders down 50%+, opendoor down 75%. Blackrock and other investors are not really buying homes with cash. They are leveraged to the hilt with third party financed debt (perhaps not a specific mortgage but still debt). Prices of gas, grain, fertilizer and other food products are exploding. The yield curve is about to flip. No one is juicing the economy with low interest home refinances anymore. And the bottom can fall out of the market anyday now.

[@ElearningDigest]

@@cutterchengas1573 Keep praying for magic. The housing market fundamentals are still strong (high demand, low inventory, legit borrowers).

[@cutterchengas1573]

@@ElearningDigest not praying. those are all facts if you look beyond housing market. 2008 had grain and oil prices skyrocketing and just about every other recession as well.

[@watcher9997]

The Z Estimates have been going down.

[@LivingInSarasota]

Thanks for the feedback and for watching!

[@MrWaterbugdesign]

Of course people are "being out priced". That's always been true. This is such a silly way to look at the world. Not everyone has ever been able to afford property they wanted. Most of the US has dirt cheap homes, under $50k. But few people want to live there. When a lot of people want to live in these tiny little areas of course not everyone is going to be able or want to bid enough to get into these high demand areas. It's not that "people" are being out priced. It's "some people". Homes are sold very quickly so obviously there are plenty of people not out priced. Duh.

[@LivingInSarasota]

Thanks for your feedback. Home prices have risen 19% this past year.

[@hokeywolf3416]

Right, Beautiful and warm places will stay in high demand, and so much higher valued real estate. Ugly and cold places will have much lower prices.

[@novadhd]

I think they mean regular people are being outpriced not wealthy investors.

[@hokeywolf3416]

@@novadhd - An investor is one who buys a property to get income from or flip. People who can afford a property to reside in are also contributing to the rise in prices, maybe moreso.

[@haydar378]

USA housing market still affordable compare to other developed countries

[@LivingInSarasota]

This is a fact. Thanks for watching!

[@SuperQdaddy]

To many flippers out there

[@LivingInSarasota]

Actually it more long term investors that are in this market scoop up homes than flippers. Although we will always see a fair share that can turn a property around.

[@peterh2800]

Bubble n bubble n bubble👎👎👎😩😩

[@LivingInSarasota]

thanks for watching and providing feedback.